Funding you earn now, next payment 04:00 UTC+0.0348%/8h= +38.1% APRnext payment +$1.74 per $10,000 · paid last 24h +0.039%
Price spread now: KuCoin against Bybit+0.105%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$314as in the Funding arb table
Net, price: spread back to 7d avg − costs−$322as in the Price arb table
costs, in and out, $10k−$3273.273% of the position
Funding, last 7 days+0.138%+$14 on $10k
+Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.105%, 7d avg +0.050%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and KuCoin is 0.055% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.050%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.138% in total (about 7.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.74 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 BMTUSDT | 0.02006 | 0.0100 | pay 0.0050% / 4h | 2h 48m | $968K | $383K | 5x |
| Short | KuCoin BMTUSDTM | 0.02008 | 0.0448 | get 0.0224% / 4h | 2h 48m | $617K | $70K | 20x |
Bybit BMTUSDT
KuCoin BMTUSDTMFunding 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
- $73.08
- Price spread: +0.105% → +0.050%
- $5.5
- Slippage, 4 orders
- −$304.29
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$248.71
- Costs to cover
- 3.273%
- Break-even
- 30.8 days
Slippage from Bybit: live order book, 16 min ago; KuCoin: live order book, 64 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, 16 min ago | 1.73 bp | 102.8 bp −$103 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 64 min ago | 7.41 bp | 74.1 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
BMT 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 BMTUSDT | +0.0100% | 4h | 0.02007 | +0.073% | $44K | $10K | 5x | as long as short |
| Binance BMTUSDT | +0.0100% | 4h | 0.02007 | +0.042% | $2.3M | $2.3M | 20x | as long as short |
| Bybit BMTUSDTlong | +0.0100% | 4h | 0.02006 | long leg | $968K | $383K | 5x | |
| Gate BMT_USDT | +0.0100% | 4h | 0.02008 | +0.105% | $198K | $180K | 25x | as long as short |
| MEXC BMT_USDT | +0.0100% | 4h | 0.02006 | +0.005% | $212K | $137K | 100x | as long as short |
| BingX BMT-USDT | +0.0100% | 4h | 0.02006 | +0.005% | — | $2.3M | — | as long as short |
| Variational Omni BMT | +0.0100% | 4h | 0.02006 | +0.002% | $52K | $27K | — | as long as short |
| KuCoin BMTUSDTMshort | +0.0448% | 4h | 0.02008 | +0.105% | $617K | $70K | 20x |
Aster BMTUSDT
Binance BMTUSDT
Gate BMT_USDT
MEXC BMT_USDT
BingX BMT-USDT
Variational Omni BMT