Funding you earn now, next payment 04:00 UTC+0.0246%/8h= +26.9% APRnext payment +$1.23 per $10,000 · paid last 24h +0.009%
Price spread now: KuCoin against Bybit+0.013%7-day average −0.214% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,453as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,436as in the Price arb table
costs, in and out, $10k−$1,45914.590% of the position
Funding, last 7 days+0.058%+$6 on $10k
+Price spread, last 4 days (all we have)−0.109%−$11 · spread now +0.013%, 7d avg −0.214%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and KuCoin is 0.227% dearer against Bybit than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of −0.214%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.23 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 GWEIUSDT | 0.02316 | 0.0100 | pay 0.0050% / 4h | 3h 38m | $381K | $125K | 25x |
| Short | KuCoin GWEIUSDTM | 0.02316 | 0.0346 | get 0.0173% / 4h | 3h 38m | $465K | $20K | 20x |
Bybit GWEIUSDT
KuCoin GWEIUSDTMFunding 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
- $51.66
- Price spread: +0.013% → −0.214%
- $22.74
- Slippage, 4 orders
- −$1,435.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,384.59
- Costs to cover
- 14.590%
- Break-even
- 194.6 days
Slippage from Bybit: live order book, 26 min ago; KuCoin: live order book, 14 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, 26 min ago | 2.16 bp | 295.6 bp −$296 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 14 min ago | 28.35 bp | 185.7 bp −$186 | doesn't fit | doesn't fit | doesn't fit |
GWEI 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit GWEIUSDTlong | +0.0100% | 4h | 0.02316 | long leg | $381K | $125K | 25x | |
| Variational Omni GWEI | +0.0100% | 4h | 0.02328 | +0.503% | $4K | $55 | — | as long as short |
| Gate GWEI_USDT | +0.0158% | 4h | 0.02312 | −0.177% | $388K | $401K | 10x | as long as short |
| KuCoin GWEIUSDTMshort | +0.0346% | 4h | 0.02316 | +0.013% | $465K | $20K | 20x | |
| Binance GWEIUSDT | +0.0604% | 4h | 0.02316 | 0.000% | $2.4M | $2.7M | 50x | as long as short |
| Extended GWEI-USD | +0.0608% | 1h | 0.02315 | −0.024% | $7K | $145K | 5x | as long as short |
| MEXC GWEI_USDT | +0.0616% | 4h | 0.02316 | 0.000% | $105K | $86K | 20x | as long as short |
| BloFin GWEI-USDT | +0.0627% | 4h | 0.02322 | +0.259% | $173K | $30K | 50x | as long as short |
| Bitget GWEIUSDT | +0.0750% | 4h | 0.02312 | −0.173% | $1.9M | $219K | 20x | as long as short |
| BingX GWEI-USDT | +0.0772% | 4h | 0.02315 | −0.043% | — | $1.6M | — | as long as short |
Variational Omni GWEI
Gate GWEI_USDT
Binance GWEIUSDT
Extended GWEI-USD
MEXC GWEI_USDT
BloFin GWEI-USDT
Bitget GWEIUSDT
BingX GWEI-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1601% | 4h | 0.02319 | +0.132% | $18K | $17K | 10x | as long as short |
Aster GWEIUSDT