Funding you earn now, next payment 00:00 UTC+0.0356%/8h= +39.0% APRnext payment +$1.78 per $10,000 · paid last 24h +0.099%
Price spread now: KuCoin against Bybit−0.014%7-day average +0.039% · you buy dearer than you sell
Net, funding: paid 7d − costs−$547as in the Funding arb table
Net, price: spread back to 7d avg − costs−$559as in the Price arb table
costs, in and out, $10k−$5545.539% of the position
Funding, last 7 days+0.072%+$7 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.014%, 7d avg +0.039%
=Funding pays, the price is against you. KuCoin is 0.053% cheaper against Bybit than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.039%). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.072% in total) that is about 5.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.072% in total (about 3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.78 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit EULUSDT | 1.4249 | 0.0100 | pay 0.0050% / 4h | 1h 09m | $1.6M | $1.4M | 25x |
| Short | KuCoin EULUSDTM | 1.4247 | 0.0456 | get 0.0228% / 4h | 1h 09m | $310K | $58K | 25x |
Bybit EULUSDT
KuCoin EULUSDTMFunding 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
- $74.76
- Price spread: −0.014% → +0.039%
- −$5.26
- Slippage, 4 orders
- −$530.89
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$484.39
- Costs to cover
- 5.539%
- Break-even
- 52.4 days
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 61 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 | 0.35 bp | 26.2 bp −$26 | 1847.8 bp −$18.5K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 61 min ago | 3.53 bp | 238.4 bp −$238 | doesn't fit | doesn't fit | doesn't fit |
EUL on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster EULUSDT | +0.0100% | 4h | 1.4234 | −0.105% | $36K | $9K | 5x | as long as short |
| Binance EULUSDT | +0.0100% | 4h | 1.4245 | −0.030% | $3.2M | $4.6M | 25x | as long as short |
| Bybit EULUSDTlong | +0.0100% | 4h | 1.4249 | long leg | $1.6M | $1.4M | 25x | |
| Gate EUL_USDT | +0.0100% | 4h | 1.4240 | −0.063% | $311K | $718K | 25x | as long as short |
| MEXC EUL_USDT | +0.0100% | 4h | 1.4245 | −0.028% | $501K | $130K | 20x | as long as short |
| Bitget EULUSDT | +0.0100% | 4h | 1.4280 | +0.218% | $2.2M | $260K | 25x | as long as short |
| BingX EUL-USDT | +0.0100% | 4h | 1.4252 | +0.021% | — | $6.5M | — | as long as short |
| Variational Omni EUL | +0.0100% | 4h | 1.4243 | −0.042% | $12K | $1K | — | as long as short |
| edgeX EULUSDC | +0.0119% | 4h | 1.4233 | −0.112% | $25K | $262K | 10x | as long as short |
| BloFin EUL-USDT | +0.0127% | 4h | 1.4218 | −0.218% | $302K | $7K | 25x | as long as short |
Aster EULUSDT
Binance EULUSDT
Gate EUL_USDT
MEXC EUL_USDT
Bitget EULUSDT
BingX EUL-USDT
Variational Omni EUL
edgeX EULUSDC
BloFin EUL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin EULUSDTMshort | +0.0456% | 4h | 1.4247 | −0.014% | $310K | $58K | 25x | |
| HTX EUL-USDT | +0.0478% | 4h | 1.4230 | −0.133% | $130K | $43K | 10x | as long as short |
HTX EUL-USDT