EVAA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0201%/8h= −22.0% APRnext payment −$1.00 per $10,000 · paid last 24h −0.008%

Price spread now: Bybit against KuCoin+0.264%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$323as in the Funding arb table

Net, price: spread back to 7d avg − costs−$315as in the Price arb table

costs, in and out, $10k−$3353.346% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 7 days−0.093%−$9 · spread now +0.264%, 7d avg +0.067%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.197% dearer against KuCoin than usual: you sell high and buy low (spread +0.264% now, against its 7-day average of +0.067%): +$20 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.3 days. Mind the row above: over the last 7 days funding on this pair paid +0.119%, 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 0.119% in total (about 6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.00 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	KuCoin EVAAUSDTM	0.8715	0.0830	pay 0.0415% / 4h	7m 24s	$1.6M	$1.3M	10x
Short	Bybit EVAAUSDT	0.8738	0.0629	get 0.0315% / 4h	7m 24s	$2.7M	$1.7M	5x

Funding 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

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latest

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

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BybitbpOrdersPrice spread, now +0.264%Rate

Funding earned: −$42.17
Price spread: +0.264% → +0.067%: $19.69
Slippage, 4 orders: −$311.6
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$357.09
Costs to cover: 3.346%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Bybit: live order book, 5 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, 4 min ago	4.57 bp	85.5 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	4.01 bp	70.6 bp −$71	doesn't fit	doesn't fit	doesn't fit

EVAA on 11 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
BingX EVAA-USDT	+0.0070%	4h	0.8746	+0.356%	—	$7.2M	—	as long as short
Gate EVAA_USDT	+0.0100%	8h	0.8725	+0.115%	$2.1M	$1.9M	10x	as long as short
Bitget EVAAUSDT	+0.0100%	4h	0.8722	+0.080%	$2.2M	$1.9M	10x	as long as short
SunX EVAA-USDT	+0.0100%	4h	0.8736	+0.241%	$3K	$1.2M	20x	as long as short
BloFin EVAA-USDT	+0.0602%	4h	0.8733	+0.207%	$448K	$118K	10x	as long as short
Bybit EVAAUSDTshort	+0.0629%	4h	0.8738	+0.264%	$2.7M	$1.7M	5x
Extended EVAA-USD	+0.0656%	1h	0.8731	+0.182%	$5K	$135K	5x	as long as short
MEXC EVAA_USDT	+0.0656%	4h	0.8727	+0.138%	$9.7M	$2.0M	50x	as long as short
Binance EVAAUSDT	+0.0656%	4h	0.8740	+0.286%	$6.9M	$16.6M	10x	as long as short
Aster EVAAUSDT	+0.0778%	4h	0.8722	+0.080%	$17K	$422K	5x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin EVAAUSDTMlong	+0.0830%	4h	0.8715	long leg	$1.6M	$1.3M	10x