Funding you earn now, next payment 08:00 UTC−0.0474%/8h= −51.9% APRnext payment −$2.37 per $10,000 · paid last 24h −0.004%
Price spread now: KuCoin against Bybit−0.254%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,879as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,886as in the Price arb table
costs, in and out, $10k−$1,86918.688% of the position
Funding, last 7 days−0.100%−$10 on $10k
+Price spread, last 4 days (all we have)+0.192%+$19 · spread now −0.254%, 7d avg −0.086%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and KuCoin is 0.168% cheaper against Bybit than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.086%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.100% in total (about -5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.37 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 | Bybit BLENDUSDT | 0.06695 | 0.0100 | pay 0.0050% / 4h | 2h 36m | $839K | $293K | 20x |
| Short | KuCoin BLENDUSDTM | 0.06678 | −0.0374 | pay 0.0187% / 4h | 2h 36m | $231K | $212K | 20x |
Bybit BLENDUSDT
KuCoin BLENDUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bybit. 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
- −$99.54
- Price spread: −0.254% → −0.086%
- −$16.83
- Slippage, 4 orders
- −$1,845.77
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,985.14
- Costs to cover
- 18.688%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 8 min ago; KuCoin: live order book, 20 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 Bybit live order book, 8 min ago | 2.23 bp | 271.4 bp −$271 | 1480.0 bp −$14.8K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 20 min ago | 8.98 bp | 715.1 bp −$715 | doesn't fit | doesn't fit | doesn't fit |
BLEND on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BLENDUSDTMshort | −0.0374% | 4h | 0.06678 | −0.254% | $231K | $212K | 20x | |
| Aster BLENDUSDT | +0.0100% | 1h | 0.06727 | +0.482% | $2K | $318 | 3x | as long as short |
| Bybit BLENDUSDTlong | +0.0100% | 4h | 0.06695 | long leg | $839K | $293K | 20x | |
| OKX BLEND-USDT-SWAP | +0.0100% | 4h | 0.06682 | −0.194% | $178K | $206K | 20x | as long as short |
| Gate BLEND_USDT | +0.0100% | 4h | 0.06693 | −0.030% | $54K | $14K | 20x | as long as short |
| MEXC BLEND_USDT | +0.0100% | 4h | 0.06696 | +0.015% | $1.8M | $165K | 50x | as long as short |
| BingX BLEND-USDT | +0.0100% | 4h | 0.06692 | −0.045% | — | $1.6M | — | as long as short |
Aster BLENDUSDT
OKX BLEND-USDT-SWAP
Gate BLEND_USDT
MEXC BLEND_USDT
BingX BLEND-USDT