Funding you earn now, next payment 04:00 UTC+0.0875%/8h= +95.8% APRnext payment +$4.37 per $10,000 · paid last 24h +0.036%
Price spread now: Bybit against KuCoin+0.225%7-day average +0.080% · you sell dearer than you buy
Net, funding: paid 7d − costs−$533as in the Funding arb table
Net, price: spread back to 7d avg − costs−$476as in the Price arb table
costs, in and out, $10k−$4904.903% of the position
Funding, last 7 days−0.431%−$43 on $10k
+Price spread, last 4 days (all we have)−0.169%−$17 · spread now +0.225%, 7d avg +0.080%
=Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Bybit is 0.145% dearer against KuCoin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.080%. Mind the row above: over the last 7 days funding on this pair cost −0.431%, so the current rate has only just turned in your favour.
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 +$4.37 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 | KuCoin CUSDTM | 0.08001 | 0.0100 | pay 0.0050% / 4h | 3h 16m | $644K | $149K | 25x |
| Short | Bybit CUSDT | 0.08019 | 0.0975 | get 0.0487% / 4h | 3h 16m | $1.2M | $1.8M | 13x |
KuCoin CUSDTM
Bybit CUSDTFunding 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
- $183.73
- Price spread: +0.225% → +0.080%
- $14.51
- Slippage, 4 orders
- −$467.26
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$292.02
- Costs to cover
- 4.903%
- Break-even
- 18.1 days
Slippage from KuCoin: live order book, 37 min ago; Bybit: live order book, 5 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, 37 min ago | 27.56 bp | 208.2 bp −$208 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 8.73 bp | 75.3 bp −$75 | 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 | 0.08018 | +0.212% | $32K | $103K | 5x | as long as short |
| Binance CUSDT | +0.0100% | 4h | 0.08019 | +0.226% | $6.5M | $12.7M | 50x | as long as short |
| MEXC C_USDT | +0.0100% | 4h | 0.08018 | +0.212% | $219K | $206K | 50x | as long as short |
| KuCoin CUSDTMlong | +0.0100% | 4h | 0.08001 | long leg | $644K | $149K | 25x | |
| Bitget CUSDT | +0.0100% | 4h | 0.08018 | +0.212% | $445K | $1.0M | 20x | as long as short |
| Variational Omni C | +0.0100% | 4h | 0.08020 | +0.233% | $617 | $13K | — | as long as short |
| Gate C_USDT | +0.0602% | 4h | 0.08023 | +0.275% | $327K | $619K | 20x | as long as short |
| Bybit CUSDTshort | +0.0975% | 4h | 0.08019 | +0.225% | $1.2M | $1.8M | 13x | |
| BingX C-USDT | +0.1030% | 4h | 0.08018 | +0.212% | — | $2.4M | — | as long as short |
Aster CUSDT
Binance CUSDT
MEXC C_USDT
Bitget CUSDT
Variational Omni C
Gate C_USDT
BingX C-USDT