Funding you earn now, next payment 08:00 UTC−0.0571%/8h= −62.5% APRnext payment −$2.85 per $10,000 · paid last 24h −0.002%
Price spread now: KuCoin against Bybit−0.238%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$513as in the Funding arb table
Net, price: spread back to 7d avg − costs−$517as in the Price arb table
costs, in and out, $10k−$4964.960% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 7 days+0.468%+$47 · spread now −0.238%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and KuCoin is 0.214% cheaper against Bybit than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.170% in total (about -8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.85 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 | Bybit CYSUSDT | 0.1681 | 0.0671 | pay 0.0335% / 4h | 1h 06m | $1.6M | $1.2M | 13x |
| Short | KuCoin CYSUSDTM | 0.1677 | 0.0100 | get 0.0050% / 4h | 1h 06m | $1.4M | $192K | 20x |
Bybit CYSUSDT
KuCoin CYSUSDTMFunding 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
- −$119.88
- Price spread: −0.238% → −0.024%
- −$21.36
- Slippage, 4 orders
- −$472.97
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$637.21
- Costs to cover
- 4.960%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 4 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, 5 min ago | 6.02 bp | 96.0 bp −$96 | 1920.5 bp −$19.2K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 12.04 bp | 48.8 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
CYS on 10 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 CYSUSDT | +0.0100% | 4h | 0.1679 | −0.119% | $264K | $95K | 10x | as long as short |
| KuCoin CYSUSDTMshort | +0.0100% | 4h | 0.1677 | −0.238% | $1.4M | $192K | 20x | |
| Bitget CYSUSDT | +0.0100% | 4h | 0.1679 | −0.107% | $1.8M | $778K | 25x | as long as short |
| MEXC CYS_USDT | +0.0140% | 4h | 0.1680 | −0.059% | $1.6M | $268K | 50x | as long as short |
| Binance CYSUSDT | +0.0144% | 4h | 0.1680 | −0.059% | $4.5M | $5.5M | 20x | as long as short |
| edgeX CYSUSDC | +0.0156% | 4h | 0.1668 | −0.751% | $7K | $110K | 10x | as long as short |
| Variational Omni CYS | +0.0330% | 4h | 0.1666 | −0.881% | $35K | $13K | — | as long as short |
| BingX CYS-USDT | +0.0662% | 4h | 0.1680 | −0.059% | — | $1.3M | — | as long as short |
| Bybit CYSUSDTlong | +0.0671% | 4h | 0.1681 | long leg | $1.6M | $1.2M | 13x | |
| Gate CYS_USDT | +0.0778% | 4h | 0.1679 | −0.119% | $621K | $166K | 20x | as long as short |
Aster CYSUSDT
Bitget CYSUSDT
MEXC CYS_USDT
Binance CYSUSDT
edgeX CYSUSDC
Variational Omni CYS
BingX CYS-USDT
Gate CYS_USDT