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: Bybit against KuCoin+0.087%7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$545as in the Funding arb table
Net, price: spread back to 7d avg − costs−$533as in the Price arb table
costs, in and out, $10k−$5455.445% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.087%, 7d avg −0.030%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.117% dearer against KuCoin than usual: you sell high and buy low, +$12 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 | KuCoin COWUSDTM | 0.1609 | 0.0100 | pay 0.0050% / 4h | 3h 03m | $221K | $42K | 20x |
| Short | Bybit COWUSDT | 0.1610 | 0.0100 | get 0.0050% / 4h | 3h 03m | $966K | $499K | 25x |
KuCoin COWUSDTM
Bybit COWUSDTFunding 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
- $0
- Price spread: +0.087% → −0.030%
- $11.73
- Slippage, 4 orders
- −$521.53
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$532.79
- Costs to cover
- 5.445%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 17 min ago; Bybit: live order book, 26 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, 17 min ago | 18.70 bp | 287.2 bp −$287 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 26 min ago | 8.82 bp | 52.5 bp −$53 | 216.4 bp −$2,164 | 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 | +0.0061% | 4h | 0.1611 | +0.124% | $136K | $32K | 75x | as long as short |
| Aster COWUSDT | +0.0100% | 4h | 0.1610 | +0.044% | $30K | $13K | 5x | as long as short |
| Binance COWUSDT | +0.0100% | 4h | 0.1609 | −0.028% | $2.1M | $3.2M | 50x | as long as short |
| Bybit COWUSDTshort | +0.0100% | 4h | 0.1610 | +0.087% | $966K | $499K | 25x | |
| Gate COW_USDT | +0.0100% | 4h | 0.1609 | 0.000% | $122K | $76K | 50x | as long as short |
| MEXC COW_USDT | +0.0100% | 4h | 0.1609 | 0.000% | $601K | $205K | 20x | as long as short |
| KuCoin COWUSDTMlong | +0.0100% | 4h | 0.1609 | long leg | $221K | $42K | 20x | |
| Bitget COWUSDT | +0.0100% | 4h | 0.1607 | −0.124% | $374K | $227K | 50x | as long as short |
| BingX COW-USDT | +0.0100% | 4h | 0.1611 | +0.124% | — | $6.6M | — | as long as short |
| Variational Omni COW | +0.0100% | 4h | 0.1610 | +0.039% | $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 | +0.1649% | 1h | 0.1609 | −0.011% | $5K | $212 | 10x | as long as short |
Kraken Futures PF_COWUSD