Funding you earn now, next payment 04:00 UTC+0.1965%/8h= +215.2% APRnext payment +$9.83 per $10,000 · paid last 24h +0.856%
Price spread now: Bybit against KuCoin−0.405%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.707%+$71 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Bybit is 0.405% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.405% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$40 on $10k: about 16 hours of funding at the current rate (+$59 a day). At the pace of the last 7 days (+0.707% in total) that is about 4.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.707% in total (about 36.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.83 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 BIRBUSDTM | 0.06916 | 0.0100 | pay 0.0050% / 4h | 2h 25m | $72K | $37K | 20x |
| Short | Bybit BIRBUSDT | 0.06888 | 0.2065 | get 0.1033% / 4h | 2h 25m | $642K | $476K | 25x |
KuCoin BIRBUSDTM
Bybit BIRBUSDTFunding 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
- $412.65
- Price spread: −0.405% → 0.000%
- −$40.49
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $349.17
- Costs to cover
- 0.230%
- Break-even
- 1.1 days
Slippage unknown: KuCoin: no order-book sample; Bybit: live order book, 35 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 35 min ago | 6.56 bp | 65.3 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
KuCoin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BIRB on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BIRBUSDT | +0.0100% | 4h | 0.06917 | +0.008% | $16K | $17K | 5x | as long as short |
| Binance BIRBUSDT | +0.0100% | 4h | 0.06913 | −0.043% | $1.3M | $1.8M | 50x | as long as short |
| Gate BIRB_USDT | +0.0100% | 4h | 0.06914 | −0.029% | $57K | $60K | 20x | as long as short |
| MEXC BIRB_USDT | +0.0100% | 4h | 0.06910 | −0.087% | $141K | $102K | 50x | as long as short |
| KuCoin BIRBUSDTMlong | +0.0100% | 4h | 0.06916 | long leg | $72K | $37K | 20x | |
| Bitget BIRBUSDT | +0.0100% | 4h | 0.06910 | −0.087% | $434K | $189K | 20x | as long as short |
| BingX BIRB-USDT | +0.1670% | 4h | 0.06901 | −0.217% | — | $738K | — | as long as short |
| Bybit BIRBUSDTshort | +0.2065% | 4h | 0.06888 | −0.405% | $642K | $476K | 25x |
Aster BIRBUSDT
Binance BIRBUSDT
Gate BIRB_USDT
MEXC BIRB_USDT
Bitget BIRBUSDT
BingX BIRB-USDT