Funding you earn now, next payment 08:00 UTC+0.0387%/8h= +42.4% APRnext payment +$1.94 per $10,000 · paid last 24h +0.002%
Price spread now: Bybit against KuCoin0.000%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$363as in the Funding arb table
Net, price: spread back to 7d avg − costs−$382as in the Price arb table
costs, in and out, $10k−$3803.799% of the position
Funding, last 7 days+0.170%+$17 on $10k
+Price spread, last 7 days−0.167%−$17 · spread now 0.000%, 7d avg +0.026%
=Funding pays, the price is against you. Bybit is 0.026% cheaper against KuCoin than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.026%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.170% in total) that is about 26 hours.
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 +$1.94 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 | KuCoin CYSUSDTM | 0.1629 | 0.0100 | pay 0.0050% / 4h | 2h 37m | $1.4M | $151K | 20x |
| Short | Bybit CYSUSDT | 0.1629 | 0.0487 | get 0.0244% / 4h | 2h 37m | $1.5M | $1.1M | 13x |
KuCoin CYSUSDTM
Bybit CYSUSDTFunding 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
- $81.3
- Price spread: 0.000% → +0.026%
- −$2.58
- Slippage, 4 orders
- −$356.92
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$301.2
- Costs to cover
- 3.799%
- Break-even
- 32.9 days
Slippage from KuCoin: live order book, 3 min ago; Bybit: 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 KuCoin live order book, 3 min ago | 21.52 bp | 68.0 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.08 bp | 82.0 bp −$82 | 711.7 bp −$7,117 | 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 | 0.1628 | −0.038% | $259K | $88K | 10x | as long as short |
| Binance CYSUSDT | +0.0100% | 4h | 0.1629 | 0.000% | $4.3M | $4.9M | 20x | as long as short |
| MEXC CYS_USDT | +0.0100% | 4h | 0.1628 | −0.061% | $1.5M | $234K | 50x | as long as short |
| KuCoin CYSUSDTMlong | +0.0100% | 4h | 0.1629 | long leg | $1.4M | $151K | 20x | |
| Bitget CYSUSDT | +0.0100% | 4h | 0.1628 | −0.043% | $1.7M | $728K | 25x | as long as short |
| Variational Omni CYS | +0.0100% | 4h | 0.1621 | −0.507% | $34K | $13K | — | as long as short |
| edgeX CYSUSDC | +0.0117% | 4h | 0.1631 | +0.146% | $7K | $110K | 10x | as long as short |
| BingX CYS-USDT | +0.0428% | 4h | 0.1629 | 0.000% | — | $1.3M | — | as long as short |
| Bybit CYSUSDTshort | +0.0487% | 4h | 0.1629 | 0.000% | $1.5M | $1.1M | 13x | |
| Gate CYS_USDT | +0.1024% | 4h | 0.1635 | +0.368% | $637K | $118K | 20x | as long as short |
Aster CYSUSDT
Binance CYSUSDT
MEXC CYS_USDT
Bitget CYSUSDT
Variational Omni CYS
edgeX CYSUSDC
BingX CYS-USDT
Gate CYS_USDT