Funding you earn now, next payment 06:00 UTC+0.7266%/8h= +795.6% APRpaid last 24h +1.004%
Price spread now: Bybit against KuCoin−0.445%7-day average +0.224% · you buy dearer than you sell
Net, funding: paid 7d − costs−$176as in the Funding arb table
Net, price: spread back to 7d avg − costs−$380as in the Price arb table
costs, in and out, $10k−$3133.130% of the position
Funding, last 7 days+1.372%+$137 on $10k
+Price spread, last 7 days+1.589%+$159 · spread now −0.445%, 7d avg +0.224%
=Funding pays, the price is against you. Bybit is 0.668% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.445% now, against its 7-day average of +0.224%). If the spread goes back, that is −$67 on $10k: about 7 hours of funding at the current rate (+$218 a day). At the pace of the last 7 days (+1.372% in total) that is about 3.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.372% in total (about 71.5% a year). A funding rate is set anew for every payment. 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 CVCUSDTM | 0.02699 | 0.0250 | pay 0.0125% / 4h | 2h 19m | $1.3M | $433K | 30x |
| Short | Bybit CVCUSDT | 0.02687 | 0.7516 | get 0.0939% / 1h | 19m 39s | $1.6M | $1.7M | 25x |
KuCoin CVCUSDTM
Bybit CVCUSDTFunding 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
- $1,525.78
- Price spread: −0.445% → +0.224%
- −$66.83
- Slippage, 4 orders
- −$290
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $1,145.94
- Costs to cover
- 3.130%
- Break-even
- 1.7 days
Slippage from KuCoin: live order book, 6 min ago; Bybit: live order book, 2 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, 6 min ago | 5.57 bp | 37.4 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.72 bp | 32.1 bp −$32 | 425.0 bp −$4,250 | doesn't fit | doesn't fit |
CVC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate CVC_USDT | +0.0072% | 4h | 0.02693 | −0.222% | $202K | $316K | 25x | as long as short |
| Binance CVCUSDT | +0.0100% | 4h | 0.02695 | −0.157% | $2.8M | $5.7M | 50x | as long as short |
| MEXC CVC_USDT | +0.0100% | 4h | 0.02694 | −0.185% | $644K | $138K | 20x | as long as short |
| Bitget CVCUSDT | +0.0100% | 4h | 0.02696 | −0.111% | $426K | $510K | 50x | as long as short |
| KuCoin CVCUSDTMlong | +0.0250% | 4h | 0.02699 | long leg | $1.3M | $433K | 30x | |
| BingX CVC-USDT | +0.1210% | 4h | 0.02692 | −0.259% | — | $2.4M | — | as long as short |
| Variational Omni CVC | +0.3798% | 1h | 0.02682 | −0.629% | $1K | $491 | — | as long as short |
| Bybit CVCUSDTshort | +0.7516% | 1h | 0.02687 | −0.445% | $1.6M | $1.7M | 25x |
Gate CVC_USDT
Binance CVCUSDT
MEXC CVC_USDT
Bitget CVCUSDT
BingX CVC-USDT
Variational Omni CVC