Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit−0.068%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$993as in the Funding arb table
Net, price: spread back to 7d avg − costs−$990as in the Price arb table
costs, in and out, $10k−$9919.909% of the position
Funding, last 7 days−0.016%−$2 on $10k
+Price spread, last 4 days (all we have)+0.597%+$60 · spread now −0.068%, 7d avg −0.074%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit DRIFTUSDT | 0.01752 | 0.0100 | pay 0.0050% / 4h | 1h 14m | $2.4M | $2.8M | 20x |
| Short | KuCoin DRIFTUSDTM | 0.01751 | 0.0100 | get 0.0050% / 4h | 1h 14m | $688K | $118K | 20x |
Bybit DRIFTUSDT
KuCoin DRIFTUSDTMFunding 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
- $0
- Price spread: −0.068% → −0.074%
- $0.54
- Slippage, 4 orders
- −$967.93
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$990.39
- Costs to cover
- 9.909%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 9 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, 2 min ago | 5.69 bp | 50.7 bp −$51 | 1076.3 bp −$10.8K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 11.42 bp | 316.6 bp −$317 | doesn't fit | doesn't fit | doesn't fit |
DRIFT 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective DRIFT/USDC PERP | +0.0033% | 1h | 0.01591 | −9.200% | — | $9K | 5.5x | as long as short |
| Binance DRIFTUSDT | +0.0100% | 4h | 0.01754 | +0.106% | $2.4M | $6.6M | 20x | as long as short |
| Bybit DRIFTUSDTlong | +0.0100% | 4h | 0.01752 | long leg | $2.4M | $2.8M | 20x | |
| Gate DRIFT_USDT | +0.0100% | 4h | 0.01754 | +0.103% | $124K | $235K | 10x | as long as short |
| MEXC DRIFT_USDT | +0.0100% | 4h | 0.01752 | −0.011% | $415K | $168K | 20x | as long as short |
| KuCoin DRIFTUSDTMshort | +0.0100% | 4h | 0.01751 | −0.068% | $688K | $118K | 20x | |
| Bitget DRIFTUSDT | +0.0100% | 4h | 0.01755 | +0.160% | $540K | $359K | 10x | as long as short |
| BingX DRIFT-USDT | +0.0100% | 4h | 0.01753 | +0.046% | — | $6.6M | — | as long as short |
| Variational Omni DRIFT | +0.0100% | 4h | 0.01758 | +0.340% | $24K | $6K | — | as long as short |
| BloFin DRIFT-USDT | +0.0156% | 4h | 0.01759 | +0.388% | $111K | $10K | 20x | as long as short |
Injective DRIFT/USDC PERP
Binance DRIFTUSDT
Gate DRIFT_USDT
MEXC DRIFT_USDT
Bitget DRIFTUSDT
BingX DRIFT-USDT
Variational Omni DRIFT
BloFin DRIFT-USDT