Funding you earn now, next payment 04:00 UTC−0.1996%/8h= −218.5% APRnext payment −$9.98 per $10,000 · paid last 24h −0.036%
Price spread now: KuCoin against Bybit−0.409%7-day average −0.081% · you buy dearer than you sell
Net, funding: paid 7d − costs−$492as in the Funding arb table
Net, price: spread back to 7d avg − costs−$568as in the Price arb table
costs, in and out, $10k−$5365.355% of the position
Funding, last 7 days+0.431%+$43 on $10k
+Price spread, last 4 days (all we have)+0.336%+$34 · spread now −0.409%, 7d avg −0.081%
=Both sides work against this trade now: funding costs −$60 a day on $10k at the current rate, and KuCoin is 0.328% cheaper against Bybit than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.081%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.431%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.431% in total (about 22.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.98 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 CUSDT | 0.08075 | 0.2096 | pay 0.1048% / 4h | 2h 48m | $1.2M | $1.8M | 13x |
| Short | KuCoin CUSDTM | 0.08042 | 0.0100 | get 0.0050% / 4h | 2h 48m | $647K | $148K | 25x |
Bybit CUSDT
KuCoin CUSDTMFunding 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
- −$419.1
- Price spread: −0.409% → −0.081%
- −$32.81
- Slippage, 4 orders
- −$512.55
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$987.46
- Costs to cover
- 5.355%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 65 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, 3 min ago | 6.21 bp | 95.3 bp −$95 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 65 min ago | 27.56 bp | 117.6 bp −$118 | doesn't fit | doesn't fit | doesn't fit |
C on 9 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 CUSDT | +0.0100% | 4h | 0.08052 | −0.290% | $32K | $103K | 5x | as long as short |
| Binance CUSDT | +0.0100% | 4h | 0.08062 | −0.161% | $6.6M | $12.6M | 50x | as long as short |
| MEXC C_USDT | +0.0100% | 4h | 0.08061 | −0.173% | $221K | $203K | 50x | as long as short |
| KuCoin CUSDTMshort | +0.0100% | 4h | 0.08042 | −0.409% | $647K | $148K | 25x | |
| Bitget CUSDT | +0.0100% | 4h | 0.08062 | −0.161% | $439K | $1.0M | 20x | as long as short |
| Variational Omni C | +0.0100% | 4h | 0.08057 | −0.220% | $619 | $13K | — | as long as short |
| Gate C_USDT | +0.1350% | 4h | 0.08095 | +0.248% | $330K | $562K | 20x | as long as short |
| BingX C-USDT | +0.1686% | 4h | 0.08063 | −0.149% | — | $2.4M | — | as long as short |
| Bybit CUSDTlong | +0.2096% | 4h | 0.08075 | long leg | $1.2M | $1.8M | 13x |
Aster CUSDT
Binance CUSDT
MEXC C_USDT
Bitget CUSDT
Variational Omni C
Gate C_USDT
BingX C-USDT