Funding you earn now, next payment 04:00 UTC−0.0168%/8h= −18.4% APRnext payment −$0.84 per $10,000 · paid last 24h −0.039%
Price spread now: Bybit against KuCoin−0.224%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$362as in the Funding arb table
Net, price: spread back to 7d avg − costs−$366as in the Price arb table
costs, in and out, $10k−$3483.481% of the position
Funding, last 7 days−0.138%−$14 on $10k
+Price spread, last 4 days (all we have)+0.214%+$21 · spread now −0.224%, 7d avg −0.049%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.174% cheaper against KuCoin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.049%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BMTUSDTM | 0.02010 | 0.0268 | pay 0.0134% / 4h | 2h 05m | $616K | $72K | 20x |
| Short | Bybit BMTUSDT | 0.02005 | 0.0100 | get 0.0050% / 4h | 2h 05m | $967K | $385K | 5x |
KuCoin BMTUSDTM
Bybit BMTUSDTFunding 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
- −$35.28
- Price spread: −0.224% → −0.049%
- −$17.44
- Slippage, 4 orders
- −$325.14
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$400.87
- Costs to cover
- 3.481%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 33 min ago; Bybit: live order book, 60 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, 33 min ago | 7.49 bp | 72.1 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 60 min ago | 1.73 bp | 105.8 bp −$106 | 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 | 0.02006 | −0.174% | $44K | $10K | 5x | as long as short |
| Binance BMTUSDT | +0.0100% | 4h | 0.02007 | −0.129% | $2.3M | $2.4M | 20x | as long as short |
| Bybit BMTUSDTshort | +0.0100% | 4h | 0.02005 | −0.224% | $967K | $385K | 5x | |
| Gate BMT_USDT | +0.0100% | 4h | 0.02005 | −0.249% | $173K | $216K | 25x | as long as short |
| MEXC BMT_USDT | +0.0100% | 4h | 0.02006 | −0.199% | $204K | $142K | 100x | as long as short |
| BingX BMT-USDT | +0.0100% | 4h | 0.02006 | −0.199% | — | $2.3M | — | as long as short |
| Variational Omni BMT | +0.0100% | 4h | 0.02007 | −0.129% | $52K | $27K | — | as long as short |
| KuCoin BMTUSDTMlong | +0.0268% | 4h | 0.02010 | long leg | $616K | $72K | 20x |
Aster BMTUSDT
Binance BMTUSDT
Gate BMT_USDT
MEXC BMT_USDT
BingX BMT-USDT
Variational Omni BMT