Funding you earn now, next payment 00:00 UTC−0.0876%/8h= −96.0% APRnext payment −$4.38 per $10,000 · paid last 24h −0.036%
Price spread now: Bybit against KuCoin−0.061%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$217as in the Price arb table
costs, in and out, $10k−$2082.079% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)+0.257%+$26 · spread now −0.061%, 7d avg +0.030%
=Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Bybit is 0.091% cheaper against KuCoin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.030%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.092%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.092% in total (about 4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.38 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 B2USDTM | 0.4903 | 0.2026 | pay 0.1013% / 4h | 1h 43m | $1.0M | $319K | 50x |
| Short | Bybit B2USDT | 0.4900 | 0.1150 | get 0.0575% / 4h | 1h 43m | $1.5M | $2.8M | 20x |
KuCoin B2USDTM
Bybit B2USDTFunding 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
- −$184.04
- Price spread: −0.061% → +0.030%
- −$9.09
- Slippage, 4 orders
- −$184.87
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$401
- Costs to cover
- 2.079%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; Bybit: live order book, 4 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 | 7.13 bp | 82.2 bp −$82 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.09 bp | 33.8 bp −$34 | 381.4 bp −$3,814 | doesn't fit | doesn't fit |
B2 on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance B2USDT | +0.0893% | 4h | 0.4905 | +0.037% | $7.9M | $13.1M | 50x | as long as short |
| MEXC B2_USDT | +0.0894% | 4h | 0.4902 | −0.020% | $554K | $538K | 100x | as long as short |
| Aster B2USDT | +0.1010% | 4h | 0.4901 | −0.050% | $154K | $187K | 5x | as long as short |
| Bybit B2USDTshort | +0.1150% | 4h | 0.4900 | −0.061% | $1.5M | $2.8M | 20x | |
| BingX B2-USDT | +0.1456% | 4h | 0.4895 | −0.163% | — | $1.4M | — | as long as short |
| Bitget B2USDT | +0.1506% | 4h | 0.4898 | −0.102% | $2.7M | $1.4M | 50x | as long as short |
| Variational Omni B2 | +0.1925% | 4h | 0.4891 | −0.254% | $14K | $2K | — | as long as short |
| KuCoin B2USDTMlong | +0.2026% | 4h | 0.4903 | long leg | $1.0M | $319K | 50x | |
| Gate B2_USDT | +0.2748% | 4h | 0.4903 | 0.000% | $859K | $440K | 20x | as long as short |
Binance B2USDT
MEXC B2_USDT
Aster B2USDT
BingX B2-USDT
Bitget B2USDT
Variational Omni B2
Gate B2_USDT