Funding you earn now, next payment 04:00 UTC−0.1280%/8h= −140.2% APRnext payment −$6.40 per $10,000 · paid last 24h −0.073%
Price spread now: Bybit against KuCoin−0.266%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$320as in the Funding arb table
Net, price: spread back to 7d avg − costs−$318as in the Price arb table
costs, in and out, $10k−$3002.998% of the position
Funding, last 7 days−0.205%−$20 on $10k
+Price spread, last 7 days+0.250%+$25 · spread now −0.266%, 7d avg −0.086%
=Both sides work against this trade now: funding costs −$38 a day on $10k at the current rate, and Bybit is 0.180% cheaper against KuCoin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.086%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.205% in total (about -10.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.40 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 FHEUSDTM | 0.02252 | 0.1380 | pay 0.0690% / 4h | 3h 39m | $658K | $10.0M | 10x |
| Short | Bybit FHEUSDT | 0.02246 | 0.0100 | get 0.0050% / 4h | 3h 39m | $1.6M | $478K | 13x |
KuCoin FHEUSDTM
Bybit FHEUSDTFunding 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
- −$268.8
- Price spread: −0.266% → −0.086%
- −$18.04
- Slippage, 4 orders
- −$276.77
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$586.61
- Costs to cover
- 2.998%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 9 min ago; Bybit: live order book, 2 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, 9 min ago | 4.46 bp | 58.1 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 4.45 bp | 87.9 bp −$88 | 760.5 bp −$7,605 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit FHEUSDTshort | +0.0100% | 4h | 0.02246 | −0.266% | $1.6M | $478K | 13x | |
| Gate FHE_USDT | +0.0100% | 8h | 0.02246 | −0.266% | $621K | $83K | 10x | as long as short |
| Aster FHEUSDT | +0.0434% | 4h | 0.02250 | −0.072% | $16K | $2K | 5x | as long as short |
| BingX FHE-USDT | +0.0576% | 4h | 0.02248 | −0.178% | — | $6.5M | — | as long as short |
| MEXC FHE_USDT | +0.0620% | 4h | 0.02251 | −0.044% | $845K | $293K | 50x | as long as short |
| Binance FHEUSDT | +0.0621% | 4h | 0.02250 | −0.089% | $3.0M | $1.5M | 10x | as long as short |
| Extended FHE-USD | +0.0624% | 1h | 0.02251 | −0.056% | $2K | $141K | 5x | as long as short |
| KuCoin FHEUSDTMlong | +0.1380% | 4h | 0.02252 | long leg | $658K | $10.0M | 10x |
Gate FHE_USDT
Aster FHEUSDT
BingX FHE-USDT
MEXC FHE_USDT
Binance FHEUSDT
Extended FHE-USD