Funding you earn now, next payment 04:00 UTC+0.0799%/8h= +87.5% APRnext payment +$4.00 per $10,000 · paid last 24h +0.072%
Price spread now: KuCoin against Bybit+0.134%7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$785as in the Funding arb table
Net, price: spread back to 7d avg − costs−$801as in the Price arb table
costs, in and out, $10k−$8058.050% of the position
Funding, last 7 days+0.204%+$20 on $10k
+Price spread, last 7 days−0.101%−$10 · spread now +0.134%, 7d avg +0.090%
=Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and KuCoin is 0.044% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.090%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.204% in total (about 10.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.00 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 | Bybit FHEUSDT | 0.02238 | 0.0319 | pay 0.0159% / 4h | 25m 32s | $1.6M | $490K | 13x |
| Short | KuCoin FHEUSDTM | 0.02241 | 0.1118 | get 0.0559% / 4h | 25m 32s | $645K | $9.7M | 10x |
Bybit FHEUSDT
KuCoin FHEUSDTMFunding 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
- $167.8
- Price spread: +0.134% → +0.090%
- $4.4
- Slippage, 4 orders
- −$782.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$632.83
- Costs to cover
- 8.050%
- Break-even
- 33.4 days
Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 3 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, 1 min ago | 6.70 bp | 99.2 bp −$99 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 4.46 bp | 91.4 bp −$91 | doesn't fit | doesn't fit | doesn't fit |
FHE on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate FHE_USDT | +0.0100% | 8h | 0.02237 | −0.045% | $619K | $75K | 10x | as long as short |
| Bybit FHEUSDTlong | +0.0319% | 4h | 0.02238 | long leg | $1.6M | $490K | 13x | |
| Aster FHEUSDT | +0.0447% | 4h | 0.02241 | +0.122% | $16K | $2K | 5x | as long as short |
| BingX FHE-USDT | +0.0596% | 4h | 0.02239 | +0.045% | — | $6.5M | — | as long as short |
| Binance FHEUSDT | +0.0615% | 4h | 0.02241 | +0.156% | $3.0M | $1.4M | 10x | as long as short |
| MEXC FHE_USDT | +0.0622% | 4h | 0.02241 | +0.134% | $849K | $300K | 50x | as long as short |
| Extended FHE-USD | +0.0624% | 1h | 0.02241 | +0.144% | $4K | $101K | 5x | as long as short |
| KuCoin FHEUSDTMshort | +0.1118% | 4h | 0.02241 | +0.134% | $645K | $9.7M | 10x |
Gate FHE_USDT
Aster FHEUSDT
BingX FHE-USDT
Binance FHEUSDT
MEXC FHE_USDT
Extended FHE-USD