Funding you earn now, next payment 04:00 UTC+0.0278%/8h= +30.5% APRnext payment +$1.39 per $10,000 · paid last 24h −0.041%
Price spread now: Bybit against KuCoin+0.156%7-day average −0.139% · you sell dearer than you buy
Net, funding: paid 7d − costs−$884as in the Funding arb table
Net, price: spread back to 7d avg − costs−$852as in the Price arb table
costs, in and out, $10k−$8818.810% of the position
Funding, last 7 days−0.034%−$3 on $10k
+Price spread, last 7 days−0.187%−$19 · spread now +0.156%, 7d avg −0.139%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Bybit is 0.295% dearer against KuCoin than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.139%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.034% in total (about -1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.39 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BUSDTM | 0.2054 | 0.0710 | pay 0.0355% / 4h | 3h 15m | $1.9M | $71K | 10x |
| Short | Bybit BUSDT | 0.2057 | 0.0988 | get 0.0494% / 4h | 3h 15m | $1.7M | $960K | 13x |
KuCoin BUSDTM
Bybit BUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $58.44
- Price spread: +0.156% → −0.139%
- $29.47
- Slippage, 4 orders
- −$857.97
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$793.06
- Costs to cover
- 8.810%
- Break-even
- 102.0 days
Slippage from KuCoin: live order book, 1 min ago; Bybit: live order book, 1 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 1 min ago | 11.66 bp | 356.5 bp −$356 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 4.62 bp | 148.3 bp −$148 | 1558.0 bp −$15.6K | doesn't fit | doesn't fit |
B on 11 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate B_USDT | +0.0182% | 4h | 0.2057 | +0.131% | $3.5M | $619K | 20x | as long as short |
| KuCoin BUSDTMlong | +0.0710% | 4h | 0.2054 | long leg | $1.9M | $71K | 10x | |
| edgeX BUSDC | +0.0794% | 4h | 0.2054 | −0.025% | $3K | $392K | 5x | as long as short |
| Binance BUSDT | +0.0799% | 4h | 0.2060 | +0.262% | $11.9M | $2.0M | 20x | as long as short |
| Extended B-USD | +0.0800% | 1h | 0.2059 | +0.206% | $16K | $221K | 5x | as long as short |
| MEXC B_USDT | +0.0804% | 4h | 0.2059 | +0.229% | $1.0M | $356K | 100x | as long as short |
| BloFin B-USDT | +0.0805% | 4h | 0.2057 | +0.131% | $606K | $40K | 20x | as long as short |
| Bybit BUSDTshort | +0.0988% | 4h | 0.2057 | +0.156% | $1.7M | $960K | 13x | |
| BingX B-USDT | +0.1148% | 4h | 0.2057 | +0.131% | — | $1.3M | — | as long as short |
| Bitget BUSDT | +0.1194% | 4h | 0.2058 | +0.180% | $2.8M | $231K | 10x | as long as short |
Gate B_USDT
edgeX BUSDC
Binance BUSDT
Extended B-USD
MEXC B_USDT
BloFin B-USDT
BingX B-USDT
Bitget BUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BUSDT | +0.1558% | 4h | 0.2058 | +0.190% | $1.9M | $214K | 5x | as long as short |
Aster BUSDT