FORM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0221%/8h= −24.2% APRnext payment −$1.11 per $10,000 · paid last 24h −0.048%

Price spread now: KuCoin against Bybit−0.087%7-day average −0.151% · you buy dearer than you sell

Net, funding: paid 7d − costs−$593as in the Funding arb table

Net, price: spread back to 7d avg − costs−$582as in the Price arb table

costs, in and out, $10k−$5885.880% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 7 days+0.023%+$2 · spread now −0.087%, 7d avg −0.151%

Together, before fees−0.025%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.064% dearer against Bybit than usual: you sell high and buy low (spread −0.087% now, against its 7-day average of −0.151%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.048% in total) that is about 9.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.048% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.11 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 FORMUSDT	0.3555	0.0357	pay 0.0179% / 4h	1h 40m	$2.3M	$12.6M	20x
Short	KuCoin FORMUSDTM	0.3552	0.0136	get 0.0068% / 4h	1h 40m	$417K	$1.1M	30x

Funding 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

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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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$46.49
Price spread: −0.087% → −0.151%: $6.4
Slippage, 4 orders: −$564.98
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$628.06
Costs to cover: 5.880%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 4 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	4.25 bp	73.1 bp −$73	153.8 bp −$1,538	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	17.08 bp	229.4 bp −$229	doesn't fit	doesn't fit	doesn't fit

FORM on 10 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
gTrade (Gains Network) FORM/USD	L −0.0007% / S +0.0008%	1h	0.3550	−0.156%	—	—	—	as long as short
Aster FORMUSDT	+0.0100%	4h	0.3549	−0.175%	$45K	$794K	5x	as long as short
Binance FORMUSDT	+0.0100%	4h	0.3553	−0.068%	$18.9M	$154.4M	50x	as long as short
Gate FORM_USDT	+0.0100%	4h	0.3551	−0.115%	$772K	$4.5M	50x	as long as short
MEXC FORM_USDT	+0.0100%	4h	0.3550	−0.143%	$1.9M	$9.0M	100x	as long as short
Bitget FORMUSDT	+0.0100%	4h	0.3549	−0.172%	$1.2M	$9.1M	50x	as long as short
BloFin FORM-USDT	+0.0129%	4h	0.3549	−0.172%	$1.0M	$380K	50x	as long as short
KuCoin FORMUSDTMshort	+0.0136%	4h	0.3552	−0.087%	$417K	$1.1M	30x
BingX FORM-USDT	+0.0310%	4h	0.3555	−0.003%	—	$3.7M	—	as long as short
Bybit FORMUSDTlong	+0.0357%	4h	0.3555	long leg	$2.3M	$12.6M	20x