Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.055%
Price spread now: KuCoin against Bybit−0.031%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,237as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,243as in the Price arb table
costs, in and out, $10k−$1,24312.433% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.031%, 7d avg −0.030%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COOKIEUSDT | 0.01270 | 0.0100 | pay 0.0050% / 4h | 1h 59m | $880K | $1.6M | 25x |
| Short | KuCoin COOKIEUSDTM | 0.01270 | 0.0100 | get 0.0050% / 4h | 1h 59m | $231K | $163K | 20x |
Bybit COOKIEUSDT
KuCoin COOKIEUSDTMFunding 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
- $0
- Price spread: −0.031% → −0.030%
- −$0.19
- Slippage, 4 orders
- −$1,220.27
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,243.46
- Costs to cover
- 12.433%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 57 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, 2 min ago | 6.70 bp | 163.5 bp −$163 | 907.2 bp −$9,072 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 57 min ago | 15.70 bp | 495.3 bp −$495 | doesn't fit | doesn't fit | doesn't fit |
COOKIE 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance COOKIEUSDT | +0.0100% | 4h | 0.01275 | +0.370% | $2.1M | $9.8M | 20x | as long as short |
| Bybit COOKIEUSDTlong | +0.0100% | 4h | 0.01270 | long leg | $880K | $1.6M | 25x | |
| Gate COOKIE_USDT | +0.0100% | 4h | 0.01272 | +0.126% | $129K | $238K | 25x | as long as short |
| MEXC COOKIE_USDT | +0.0100% | 4h | 0.01273 | +0.205% | $650K | $373K | 100x | as long as short |
| KuCoin COOKIEUSDTMshort | +0.0100% | 4h | 0.01270 | −0.031% | $231K | $163K | 20x | |
| Bitget COOKIEUSDT | +0.0100% | 4h | 0.01274 | +0.283% | $368K | $312K | 5x | as long as short |
| BingX COOKIE-USDT | +0.0100% | 4h | 0.01274 | +0.260% | — | $6.6M | — | as long as short |
| Variational Omni COOKIE | +0.0100% | 4h | 0.01266 | −0.353% | $13K | $21K | — | as long as short |
| Kraken Futures PF_COOKIEUSD | +0.1002% | 1h | 0.01274 | +0.312% | $16K | $43K | 10x | as long as short |
Binance COOKIEUSDT
Gate COOKIE_USDT
MEXC COOKIE_USDT
Bitget COOKIEUSDT
BingX COOKIE-USDT
Variational Omni COOKIE
Kraken Futures PF_COOKIEUSD