Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%
Price spread now: KuCoin against Bybit−0.037%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$556as in the Funding arb table
Net, price: spread back to 7d avg − costs−$563as in the Price arb table
costs, in and out, $10k−$5565.565% of the position
Funding, last 7 days+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.037%, 7d avg +0.030%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.068% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COWUSDT | 0.1604 | 0.0100 | pay 0.0050% / 4h | 3h 38m | $962K | $517K | 25x |
| Short | KuCoin COWUSDTM | 0.1603 | 0.0100 | get 0.0050% / 4h | 3h 38m | $220K | $43K | 20x |
Bybit COWUSDT
KuCoin COWUSDTMFunding 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: −0.037% → +0.030%
- −$6.77
- Slippage, 4 orders
- −$533.48
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$563.26
- Costs to cover
- 5.565%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 57 min ago; KuCoin: live order book, 53 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, 57 min ago | 7.42 bp | 54.4 bp −$54 | 239.0 bp −$2,390 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 53 min ago | 18.52 bp | 156.2 bp −$156 | doesn't fit | doesn't fit | doesn't fit |
COW 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin COW-USDT | +0.0045% | 4h | 0.1603 | −0.037% | $137K | $32K | 75x | as long as short |
| Aster COWUSDT | +0.0100% | 4h | 0.1604 | +0.015% | $30K | $13K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1603 | −0.037% | $2.1M | $3.3M | 50x | as long as short |
| Bybit COWUSDTlong | +0.0100% | 4h | 0.1604 | long leg | $962K | $517K | 25x | |
| Gate COW_USDT | +0.0100% | 4h | 0.1603 | −0.037% | $128K | $73K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1602 | −0.100% | $595K | $199K | 20x | as long as short |
| KuCoin COWUSDTMshort | +0.0100% | 4h | 0.1603 | −0.037% | $220K | $43K | 20x | |
| Bitget COWUSDT | +0.0100% | 4h | 0.1601 | −0.162% | $373K | $235K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1602 | −0.100% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1601 | −0.188% | $8K | $3K | — | as long as short |
BloFin COW-USDT
Aster COWUSDT
Binance COWUSDT
Gate COW_USDT
MEXC COW_USDT
Bitget COWUSDT
BingX COW-USDT
Variational Omni COWShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COWUSD | +0.1657% | 1h | 0.1602 | −0.117% | $5K | $212 | 10x | as long as short |
Kraken Futures PF_COWUSD