Funding you earn now, next payment 08:00 UTC+0.0183%/8h= +20.0% APRnext payment +$0.91 per $10,000 · paid last 24h +0.003%
Price spread now: KuCoin against Bybit+0.028%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1551.549% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 7 days−0.080%−$8 · spread now +0.028%, 7d avg −0.015%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and KuCoin is 0.043% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.015%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ETHFIUSDT | 0.7023 | −0.0083 | get 0.0041% / 4h | 1h 58m | $17.5M | $13.0M | 25x |
| Short | KuCoin ETHFIUSDTM | 0.7025 | 0.0100 | get 0.0050% / 4h | 1h 58m | $1.2M | $228K | 50x |
Bybit ETHFIUSDT
KuCoin ETHFIUSDTMFunding 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
- $38.35
- Price spread: +0.028% → −0.015%
- $4.34
- Slippage, 4 orders
- −$131.91
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$112.22
- Costs to cover
- 1.549%
- Break-even
- 27.5 days
Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 7 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, 5 min ago | 0.71 bp | 14.8 bp −$15 | 40.4 bp −$404 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 7.82 bp | 61.3 bp −$61 | 173.5 bp −$1,735 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0462% | 1h | 0.7022 | −0.014% | $41K | $11K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0365% | 4h | 0.7016 | −0.100% | $81K | $171K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0271% | 4h | 0.7019 | −0.057% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0159% | 4h | 0.7023 | +0.003% | $931K | $782K | — | as long as short |
| Bybit ETHFIUSDTlong | −0.0083% | 4h | 0.7023 | long leg | $17.5M | $13.0M | 25x | |
| Extended ETHFI-USD | −0.0040% | 1h | 0.7020 | −0.049% | $97K | $504K | 10x | as long as short |
| Binance ETHFIUSDT | −0.0040% | 4h | 0.7023 | −0.004% | $24.4M | $35.8M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.0036% | 4h | 0.7029 | +0.085% | $15.7M | $4.1M | 125x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0014% | 8h | 0.7025 | +0.033% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.090% | $321 | $51K | 5.5x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDT
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.7015 | −0.111% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7032 | +0.130% | $1.1M | $829K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7036 | +0.185% | $17.0M | $8.5M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7036 | +0.183% | $180K | $261K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7023 | 0.000% | $5.1M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7034 | +0.157% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTMshort | +0.0100% | 4h | 0.7025 | +0.028% | $1.2M | $228K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7020 | −0.043% | $6.1M | $4.9M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7025 | +0.028% | — | $8.8M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7035 | +0.172% | $63K | $127K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7032 | +0.128% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0203% | 4h | 0.7009 | −0.199% | $1.2M | $241K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0328% | 1h | 0.7066 | +0.612% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.1672% | 1h | 0.7038 | +0.213% | $290K | $288K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD