Funding you earn now, next payment 04:00 UTC−0.0184%/8h= −20.1% APRnext payment −$0.92 per $10,000 · paid last 24h −0.036%
Price spread now: Bybit against KuCoin−0.181%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$367as in the Funding arb table
Net, price: spread back to 7d avg − costs−$371as in the Price arb table
costs, in and out, $10k−$3553.547% of the position
Funding, last 7 days−0.118%−$12 on $10k
+Price spread, last 7 days+0.415%+$41 · spread now −0.181%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.166% cheaper against KuCoin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.118% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.92 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 BTWUSDTM | 0.7978 | 0.0862 | pay 0.0431% / 4h | 3h 39m | $7.3M | $4.8M | 10x |
| Short | Bybit BTWUSDT | 0.7963 | 0.0678 | get 0.0339% / 4h | 3h 39m | $15.6M | $38.6M | 10x |
KuCoin BTWUSDTM
Bybit BTWUSDTFunding 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
- −$38.57
- Price spread: −0.181% → −0.015%
- −$16.59
- Slippage, 4 orders
- −$331.69
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$409.86
- Costs to cover
- 3.547%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 9 min ago; Bybit: live order book, 4 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, 9 min ago | 13.39 bp | 77.0 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 6.54 bp | 60.7 bp −$61 | 299.2 bp −$2,992 | doesn't fit | doesn't fit |
BTW on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.7871 | −1.344% | $196K | $746K | 10x | as long as short |
| Gate BTW_USDT | +0.0366% | 4h | 0.7957 | −0.265% | $3.4M | $16.1M | 10x | as long as short |
| Bybit BTWUSDTshort | +0.0678% | 4h | 0.7963 | −0.181% | $15.6M | $38.6M | 10x | |
| KuCoin BTWUSDTMlong | +0.0862% | 4h | 0.7978 | long leg | $7.3M | $4.8M | 10x | |
| Bitget BTWUSDT | +0.1000% | 4h | 0.7965 | −0.166% | $25.1M | $13.6M | 5x | as long as short |
| Aster BTWUSDT | +0.1027% | 4h | 0.7906 | −0.901% | $2.2M | $2.9M | 5x | as long as short |
| MEXC BTW_USDT | +0.1044% | 4h | 0.7989 | +0.141% | $9.5M | $6.2M | 20x | as long as short |
| Binance BTWUSDT | +0.1045% | 4h | 0.7993 | +0.188% | $111.3M | $168.7M | 10x | as long as short |
| Extended BTW-USD | +0.1048% | 1h | 0.7968 | −0.118% | $38K | $11K | 5x | as long as short |
| edgeX BTWUSDC | +0.1054% | 4h | 0.7838 | −1.749% | $323K | $499K | 10x | as long as short |
HTX BTW-USDT
Gate BTW_USDT
Bitget BTWUSDT
Aster BTWUSDT
MEXC BTW_USDT
Binance BTWUSDT
Extended BTW-USD
edgeX BTWUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BTW-USDT | +0.1094% | 4h | 0.8031 | +0.667% | — | $4.4M | — | as long as short |
BingX BTW-USDT