Funding you earn now, next payment 08:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.58 per $10,000 · paid last 24h +0.055%
Price spread now: Bybit against KuCoin+0.321%7-day average +0.226% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,109as in the Price arb table
costs, in and out, $10k−$2,11821.182% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.321%, 7d avg +0.226%
=The price spread pays, funding is against you. Bybit is 0.095% dearer against KuCoin than usual: you sell high and buy low (spread +0.321% now, against its 7-day average of +0.226%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 7 days (−0.022% in total) that is about 30 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin HANAUSDTM | 0.01465 | 0.0216 | pay 0.0108% / 4h | 2h 50m | $604K | $791K | 10x |
| Short | Bybit HANAUSDT | 0.01470 | 0.0100 | get 0.0050% / 4h | 2h 50m | $902K | $530K | 25x |
KuCoin HANAUSDTM
Bybit HANAUSDTFunding 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
- −$24.36
- Price spread: +0.321% → +0.226%
- $9.47
- Slippage, 4 orders
- −$2,095.16
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$2,133.05
- Costs to cover
- 21.182%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 53 min ago; Bybit: live order book, 59 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, 53 min ago | 3.42 bp | 655.1 bp −$655 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 59 min ago | 6.85 bp | 251.3 bp −$251 | doesn't fit | doesn't fit | doesn't fit |
HANA 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster HANAUSDT | +0.0100% | 4h | 0.01466 | +0.072% | $13K | $9K | 5x | as long as short |
| Bybit HANAUSDTshort | +0.0100% | 4h | 0.01470 | +0.321% | $902K | $530K | 25x | |
| Gate HANA_USDT | +0.0210% | 8h | 0.01468 | +0.205% | $639K | $611K | 25x | as long as short |
| KuCoin HANAUSDTMlong | +0.0216% | 4h | 0.01465 | long leg | $604K | $791K | 10x | |
| MEXC HANA_USDT | +0.0380% | 4h | 0.01470 | +0.341% | $72K | $88K | 100x | as long as short |
| BingX HANA-USDT | +0.0396% | 4h | 0.01470 | +0.341% | — | $6.5M | — | as long as short |
| Binance HANAUSDT | +0.0397% | 4h | 0.01471 | +0.380% | $5.2M | $2.7M | 10x | as long as short |
| BloFin HANA-USDT | +0.0405% | 4h | 0.01468 | +0.205% | $332K | $5K | 10x | as long as short |
Aster HANAUSDT
Gate HANA_USDT
MEXC HANA_USDT
BingX HANA-USDT
Binance HANAUSDT
BloFin HANA-USDT