Funding you earn now, next payment 04:00 UTC+0.1875%/8h= +205.4% APRnext payment +$9.38 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit−0.005%7-day average −0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$685as in the Funding arb table
Net, price: spread back to 7d avg − costs−$682as in the Price arb table
costs, in and out, $10k−$6866.855% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 4 days (all we have)−0.225%−$23 · spread now −0.005%, 7d avg −0.039%
=Both sides work for this trade now. Funding pays +$56 a day on $10k at the current rate, and KuCoin is 0.035% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.039%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.003% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.38 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 DATAUSDT | 0.2201 | −0.2317 | get 0.1159% / 4h | 2h 54m | $1.2M | $1.4M | 20x |
| Short | KuCoin DATAUSDTM | 0.2200 | −0.0442 | pay 0.0221% / 4h | 2h 54m | $200K | $1.0M | 30x |
Bybit DATAUSDT
KuCoin DATAUSDTMFunding 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
- $393.83
- Price spread: −0.005% → −0.039%
- $3.49
- Slippage, 4 orders
- −$662.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$288.22
- Costs to cover
- 6.855%
- Break-even
- 12.1 days
Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 5 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, 1 min ago | 4.54 bp | 45.3 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 23.38 bp | 258.7 bp −$259 | doesn't fit | doesn't fit | doesn't fit |
DATA on 9 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 DATA_USDT | −0.2550% | 4h | 0.2194 | −0.300% | $110K | $81K | 20x | as long as short |
| Bybit DATAUSDTlong | −0.2317% | 4h | 0.2201 | long leg | $1.2M | $1.4M | 20x | |
| BloFin DATA-USDT | −0.2073% | 4h | 0.2213 | +0.563% | $118K | $7K | 20x | as long as short |
| OKX DATA-USDT-SWAP | −0.2069% | 4h | 0.2193 | −0.345% | $1.2M | $5.4M | 20x | as long as short |
| MEXC DATA_USDT | −0.2068% | 4h | 0.2198 | −0.118% | $102K | $263K | 20x | as long as short |
| Extended DATA-USD | −0.0648% | 1h | 0.2193 | −0.333% | $914 | $60 | 5x | as long as short |
| Lighter DATA | −0.0504% | 1h | 0.2202 | +0.064% | $69K | $207K | 10x | as long as short |
| KuCoin DATAUSDTMshort | −0.0442% | 4h | 0.2200 | −0.005% | $200K | $1.0M | 30x | |
| Bitget DATAUSDT | +0.0100% | 4h | 0.2204 | +0.155% | $622K | $403K | 50x | as long as short |
Gate DATA_USDT
BloFin DATA-USDT
OKX DATA-USDT-SWAP
MEXC DATA_USDT
Extended DATA-USD
Lighter DATA
Bitget DATAUSDT