Funding you earn now, next payment 04:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.74 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against KuCoin−0.203%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$625as in the Funding arb table
Net, price: spread back to 7d avg − costs−$649as in the Price arb table
costs, in and out, $10k−$6256.251% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 4 days (all we have)+0.433%+$43 · spread now −0.203%, 7d avg +0.039%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.242% cheaper against KuCoin than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.039%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin DATAUSDTM | 0.2121 | 0.0100 | pay 0.0050% / 4h | 3h 44m | $167K | $997K | 30x |
| Short | Bybit DATAUSDT | 0.2117 | −0.0048 | pay 0.0024% / 4h | 3h 44m | $894K | $449K | 20x |
KuCoin DATAUSDTM
Bybit DATAUSDTFunding 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
- −$31.02
- Price spread: −0.203% → +0.039%
- −$24.21
- Slippage, 4 orders
- −$602.1
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$680.33
- Costs to cover
- 6.251%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 50 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, 50 min ago | 12.99 bp | 303.8 bp −$304 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 26 min ago | 7.38 bp | 67.5 bp −$67 | 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 | −0.0204% | 4h | 0.2121 | −0.014% | $93K | $19K | 20x | as long as short |
| Bybit DATAUSDTshort | −0.0048% | 4h | 0.2117 | −0.203% | $894K | $449K | 20x | |
| Lighter DATA | +0.0096% | 1h | 0.2125 | +0.174% | $42K | $122K | 10x | as long as short |
| OKX DATA-USDT-SWAP | +0.0100% | 4h | 0.2121 | −0.014% | $937K | $2.0M | 20x | as long as short |
| MEXC DATA_USDT | +0.0100% | 4h | 0.2122 | +0.033% | $97K | $253K | 20x | as long as short |
| KuCoin DATAUSDTMlong | +0.0100% | 4h | 0.2121 | long leg | $167K | $997K | 30x | |
| Bitget DATAUSDT | +0.0100% | 4h | 0.2120 | −0.061% | $543K | $117K | 50x | as long as short |
| Extended DATA-USD | +0.0104% | 1h | 0.2121 | +0.007% | $935 | — | 5x | as long as short |
| BloFin DATA-USDT | +0.0117% | 4h | 0.2114 | −0.344% | $82K | $5K | 20x | as long as short |
Gate DATA_USDT
Lighter DATA
OKX DATA-USDT-SWAP
MEXC DATA_USDT
Bitget DATAUSDT
Extended DATA-USD
BloFin DATA-USDT