Settings8H · net · $10k
Funding arb · Price arb /

ERA

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Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.029%
Price spread now: KuCoin against Bybit−0.015%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$910as in the Funding arb table
Net, price: spread back to 7d avg − costs−$891as in the Price arb table
costs, in and out, $10k−$8948.940% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.164%−$16 on $10k
Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.015%, 7d avg −0.042%
Together, before fees−0.166%−$17 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.027% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.042%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ERAUSDT0.066750.0100pay 0.0050% / 4h52m 04s$808K$708K25x
ShortKuCoin ERAUSDTM0.066740.0100get 0.0050% / 4h52m 04s$122K$61K25x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.015% → −0.042%
$2.67
Slippage, 4 orders
−$870.97
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$891.3
Costs to cover
8.940%
Break-even
never at this rate
Slippage from Bybit: live order book, 51 min ago; KuCoin: live order book, 34 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 51 min ago1.49 bp73.4 bp −$73306.5 bp −$3,065doesn't fitdoesn't fit
Sell KuCoin live order book, 34 min ago18.71 bp479.2 bp −$479doesn't fitdoesn't fitdoesn't fit

ERA on 9 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ERAUSDT+0.0100%4h0.06670−0.070%$5K$7K5xas long as short
Binance ERAUSDT+0.0100%4h0.06674−0.015%$2.1M$3.5M25xas long as short
Bybit ERAUSDTlong+0.0100%4h0.06675long leg$808K$708K25x
Gate ERA_USDT+0.0100%4h0.06668−0.105%$140K$613K25xas long as short
MEXC ERA_USDT+0.0100%4h0.06674−0.015%$504K$126K20xas long as short
KuCoin ERAUSDTMshort+0.0100%4h0.06674−0.015%$122K$61K25x
Bitget ERAUSDT+0.0100%4h0.066750.000%$805K$226K25xas long as short
BingX ERA-USDT+0.0100%4h0.06676+0.015%$6.5Mas long as short
Variational Omni ERA+0.0100%4h0.06687+0.176%$10K$578as long as short