Funding you earn now, next payment 08:00 UTC−0.1118%/8h= −122.5% APRnext payment −$5.59 per $10,000 · paid last 24h −0.370%
Price spread now: KuCoin against Bybit−0.174%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,235as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,241as in the Price arb table
costs, in and out, $10k−$1,22312.232% of the position
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 7 days+0.164%+$16 · spread now −0.174%, 7d avg +0.006%
=Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and KuCoin is 0.180% cheaper against Bybit than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.006%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.120% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.59 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 HEIUSDT | 0.1554 | 0.1218 | pay 0.0609% / 4h | 3h 30m | $1.4M | $608K | 5x |
| Short | KuCoin HEIUSDTM | 0.1551 | 0.0100 | get 0.0050% / 4h | 3h 30m | $911K | $351K | 10x |
Bybit HEIUSDT
KuCoin HEIUSDTMFunding 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
- −$234.85
- Price spread: −0.174% → +0.006%
- −$18.01
- Slippage, 4 orders
- −$1,200.25
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,476.11
- Costs to cover
- 12.232%
- Break-even
- never at this rate
Slippage from Bybit: live order book, just now; 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, just now | 0.64 bp | 146.5 bp −$147 | 3115.9 bp −$31.2K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 12.28 bp | 403.9 bp −$404 | doesn't fit | doesn't fit | doesn't fit |
HEI on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance HEIUSDT | +0.0100% | 4h | 0.1553 | −0.058% | $3.5M | $6.7M | 10x | as long as short |
| Gate HEI_USDT | +0.0100% | 4h | 0.1552 | −0.077% | $283K | $478K | 10x | as long as short |
| MEXC HEI_USDT | +0.0100% | 4h | 0.1554 | +0.019% | $1.8M | $402K | 20x | as long as short |
| KuCoin HEIUSDTMshort | +0.0100% | 4h | 0.1551 | −0.174% | $911K | $351K | 10x | |
| Variational Omni HEI | +0.0100% | 4h | 0.1553 | −0.066% | $14K | $1 | — | as long as short |
| edgeX HEIUSDC | +0.0106% | 4h | 0.1549 | −0.274% | $14K | $257K | 10x | as long as short |
| Aster HEIUSDT | +0.0294% | 4h | 0.1551 | −0.178% | $20K | $56K | 5x | as long as short |
| BingX HEI-USDT | +0.0786% | 4h | 0.1552 | −0.103% | — | $1.3M | — | as long as short |
| Bybit HEIUSDTlong | +0.1218% | 4h | 0.1554 | long leg | $1.4M | $608K | 5x |
Binance HEIUSDT
Gate HEI_USDT
MEXC HEI_USDT
Variational Omni HEI
edgeX HEIUSDC
Aster HEIUSDT
BingX HEI-USDT