Funding you earn now, next payment 04:00 UTC−0.1734%/8h= −189.9% APRnext payment −$8.67 per $10,000 · paid last 24h −0.080%
Price spread now: Bybit against KuCoin−0.137%7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,445as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,406as in the Price arb table
costs, in and out, $10k−$1,40214.021% of the position
Funding, last 7 days−0.429%−$43 on $10k
+Price spread, last 4 days (all we have)−0.125%−$13 · spread now −0.137%, 7d avg −0.099%
=Both sides work against this trade now: funding costs −$52 a day on $10k at the current rate, and Bybit is 0.039% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.099%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.429% in total (about -22.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.67 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 BILLUSDTM | 0.01382 | 0.1834 | pay 0.0917% / 4h | 1h 14m | $460K | $309K | 20x |
| Short | Bybit BILLUSDT | 0.01380 | 0.0100 | get 0.0050% / 4h | 1h 14m | $1.3M | $960K | 20x |
KuCoin BILLUSDTM
Bybit BILLUSDTFunding 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
- −$364.14
- Price spread: −0.137% → −0.099%
- −$3.87
- Slippage, 4 orders
- −$1,379.06
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,770.07
- Costs to cover
- 14.021%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 8 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, 8 min ago | 13.00 bp | 698.3 bp −$698 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.63 bp | 67.6 bp −$68 | 757.9 bp −$7,579 | doesn't fit | doesn't fit |
BILL on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BILLUSDTshort | +0.0100% | 4h | 0.01380 | −0.137% | $1.3M | $960K | 20x | |
| Gate BILL_USDT | +0.0100% | 4h | 0.01381 | −0.065% | $278K | $84K | 20x | as long as short |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01381 | −0.065% | $640K | $1.1M | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.0100% | 1h | 0.01379 | −0.210% | $21K | $939 | 5x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01383 | +0.080% | $2K | $1.1M | 20x | as long as short |
| HTX BILL-USDT | +0.0100% | 4h | 0.01376 | −0.427% | $11K | $39K | 20x | as long as short |
| BloFin BILL-USDT | +0.0131% | 4h | 0.01383 | +0.080% | $146K | $19K | 20x | as long as short |
| OKX BILL-USDT-SWAP | +0.0188% | 4h | 0.01381 | −0.065% | $1.1M | $2.7M | 20x | as long as short |
| Aster BILLUSDT | +0.0245% | 4h | 0.01381 | −0.097% | $2K | $4K | 5x | as long as short |
| BingX BILL-USDT | +0.0442% | 4h | 0.01381 | −0.065% | — | $1.7M | — | as long as short |
Gate BILL_USDT
Bitget BILLUSDT
Backpack BILL_USDC_PERP
SunX BILL-USDT
HTX BILL-USDT
BloFin BILL-USDT
OKX BILL-USDT-SWAP
Aster BILLUSDT
BingX BILL-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BILL_USDT | +0.0444% | 4h | 0.01379 | −0.210% | $1.1M | $338K | 50x | as long as short |
| Binance BILLUSDT | +0.0446% | 4h | 0.01381 | −0.065% | $2.5M | $3.8M | 20x | as long as short |
| Extended BILL-USD | +0.0448% | 1h | 0.01381 | −0.092% | $1K | $222K | 5x | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0688% | 1h | 0.01380 | −0.101% | $46K | $51K | 50x | as long as short |
| KuCoin BILLUSDTMlong | +0.1834% | 4h | 0.01382 | long leg | $460K | $309K | 20x | |
| Deribit BILL_USDC-PERPETUAL | +0.3316% | 1h | 0.01379 | −0.224% | $108K | $14K | 10x | as long as short |
MEXC BILL_USDT
Binance BILLUSDT
Extended BILL-USD
Coinbase International BILL-PERP-INTX
Deribit BILL_USDC-PERPETUAL