Funding you earn now, next payment 08:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.64 per $10,000 · paid last 24h −0.013%
Price spread now: Bybit against KuCoin+0.052%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$475as in the Funding arb table
Net, price: spread back to 7d avg − costs−$485as in the Price arb table
costs, in and out, $10k−$4834.826% of the position
Funding, last 7 days+0.079%+$8 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now +0.052%, 7d avg +0.074%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.022% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.074%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.079%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BARDUSDTM | 0.1359 | 0.0100 | pay 0.0050% / 4h | 2h 37m | $104K | $56K | 25x |
| Short | Bybit BARDUSDT | 0.1359 | −0.0028 | pay 0.0014% / 4h | 2h 37m | $1.0M | $357K | 25x |
KuCoin BARDUSDTM
Bybit BARDUSDTFunding 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
- −$26.83
- Price spread: +0.052% → +0.074%
- −$2.21
- Slippage, 4 orders
- −$459.57
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$511.61
- Costs to cover
- 4.826%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 11 min ago; Bybit: live order book, 3 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, 11 min ago | 18.69 bp | 160.8 bp −$161 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.79 bp | 81.5 bp −$82 | doesn't fit | doesn't fit | doesn't fit |
BARD on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| GRVT BARD_USDT_Perp | −0.0054% | 4h | 0.1354 | −0.343% | $140K | $520K | 10x | as long as short |
| BingX BARD-USDT | −0.0040% | 4h | 0.1358 | −0.059% | — | $6.5M | — | as long as short |
| Bybit BARDUSDTshort | −0.0028% | 4h | 0.1359 | +0.052% | $1.0M | $357K | 25x | |
| Aster BARDUSDT | +0.0100% | 4h | 0.1361 | +0.131% | $18K | $15K | 5x | as long as short |
| Binance BARDUSDT | +0.0100% | 4h | 0.1359 | +0.027% | $2.2M | $1.7M | 25x | as long as short |
| OKX BARD-USDT-SWAP | +0.0100% | 4h | 0.1357 | −0.132% | $710K | $916K | 20x | as long as short |
| Gate BARD_USDT | +0.0100% | 4h | 0.1359 | +0.015% | $191K | $30K | 20x | as long as short |
| MEXC BARD_USDT | +0.0100% | 4h | 0.1358 | −0.059% | $711K | $183K | 50x | as long as short |
| KuCoin BARDUSDTMlong | +0.0100% | 4h | 0.1359 | long leg | $104K | $56K | 25x | |
| Bitget BARDUSDT | +0.0100% | 4h | 0.1358 | −0.059% | $1.0M | $107K | 20x | as long as short |
GRVT BARD_USDT_Perp
BingX BARD-USDT
Aster BARDUSDT
Binance BARDUSDT
OKX BARD-USDT-SWAP
Gate BARD_USDT
MEXC BARD_USDT
Bitget BARDUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BARD | +0.0100% | 4h | 0.1358 | −0.034% | $12K | $1 | — | as long as short |
| BloFin BARD-USDT | +0.0146% | 4h | 0.1356 | −0.206% | $117K | $5K | 25x | as long as short |
Variational Omni BARD
BloFin BARD-USDT