Funding you earn now, next payment 12:00 UTC−0.0698%/8h= −76.4% APRnext payment −$3.49 per $10,000 · paid last 24h −0.096%
Price spread now: Bybit against KuCoin−0.060%7-day average +0.255% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,399as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,454as in the Price arb table
costs, in and out, $10k−$1,42314.226% of the position
Funding, last 7 days+0.231%+$23 on $10k
+Price spread, last 4 days (all we have)+0.548%+$55 · spread now −0.060%, 7d avg +0.255%
=Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Bybit is 0.315% cheaper against KuCoin than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of +0.255%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.231%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.231% in total (about 12.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.49 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ESPORTSUSDTM | 0.009990 | 0.0798 | pay 0.0399% / 4h | 1h 28m | $809K | $65K | 10x |
| Short | Bybit ESPORTSUSDT | 0.009984 | 0.0100 | get 0.0050% / 4h | 1h 28m | $1.7M | $1.2M | 10x |
KuCoin ESPORTSUSDTM
Bybit ESPORTSUSDTFunding 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
- −$146.58
- Price spread: −0.060% → +0.255%
- −$31.47
- Slippage, 4 orders
- −$1,399.56
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,600.61
- Costs to cover
- 14.226%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 8 min ago; Bybit: live order book, 1 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, 8 min ago | 14.93 bp | 744.1 bp −$744 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 5.01 bp | 46.7 bp −$47 | 567.0 bp −$5,670 | doesn't fit | doesn't fit |
ESPORTS on 8 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ESPORTSUSDT | −0.0065% | 4h | 0.009980 | −0.100% | $5.6M | $4.5M | 10x | as long as short |
| MEXC ESPORTS_USDT | −0.0044% | 4h | 0.009970 | −0.200% | $1.3M | $196K | 20x | as long as short |
| BingX ESPORTS-USDT | +0.0034% | 4h | 0.009980 | −0.100% | — | $1.4M | — | as long as short |
| Aster ESPORTSUSDT | +0.0100% | 4h | 0.01000 | +0.129% | $122K | $84K | 5x | as long as short |
| Bybit ESPORTSUSDTshort | +0.0100% | 4h | 0.009984 | −0.060% | $1.7M | $1.2M | 10x | |
| Gate ESPORTS_USDT | +0.0100% | 4h | 0.009990 | 0.000% | $355K | $564K | 10x | as long as short |
| Variational Omni ESPORTS | +0.0100% | 4h | 0.009973 | −0.174% | $31K | $1K | — | as long as short |
| KuCoin ESPORTSUSDTMlong | +0.0798% | 4h | 0.009990 | long leg | $809K | $65K | 10x |
Binance ESPORTSUSDT
MEXC ESPORTS_USDT
BingX ESPORTS-USDT
Aster ESPORTSUSDT
Gate ESPORTS_USDT
Variational Omni ESPORTS