Funding you earn now, next payment 00:00 UTC+0.0482%/8h= +52.8% APRnext payment +$2.41 per $10,000 · paid last 24h +0.040%
Price spread now: KuCoin against Bybit−0.081%7-day average −0.250% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,901as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,881as in the Price arb table
costs, in and out, $10k−$2,89828.978% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.081%, 7d avg −0.250%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and KuCoin is 0.169% dearer against Bybit than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.250%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.41 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 INXUSDT | 0.006142 | 0.0696 | pay 0.0348% / 4h | 27m 32s | $781K | $383K | 13x |
| Short | KuCoin INXUSDTM | 0.006137 | 0.1178 | get 0.0589% / 4h | 27m 32s | $291K | $81K | 20x |
Bybit INXUSDT
KuCoin INXUSDTMFunding 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
- $101.17
- Price spread: −0.081% → −0.250%
- $16.86
- Slippage, 4 orders
- −$2,874.79
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$2,779.76
- Costs to cover
- 28.978%
- Break-even
- 199.3 days
Slippage from Bybit: live order book, 47 min ago; KuCoin: live order book, 33 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, 47 min ago | 8.15 bp | 64.5 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 33 min ago | 21.19 bp | 549.9 bp −$550 | doesn't fit | doesn't fit | doesn't fit |
INX 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International INX-PERP-INTX | −0.1592% | 1h | 0.006083 | −0.961% | $5K | $6K | 50x | as long as short |
| Aster INXUSDT | +0.0100% | 4h | 0.006135 | −0.116% | $18K | $10K | 5x | as long as short |
| Binance INXUSDT | +0.0100% | 4h | 0.006138 | −0.063% | $2.0M | $1.5M | 25x | as long as short |
| Gate INX_USDT | +0.0100% | 4h | 0.006130 | −0.195% | $1.6M | $73K | 25x | as long as short |
| MEXC INX_USDT | +0.0100% | 4h | 0.006139 | −0.049% | $796K | $190K | 50x | as long as short |
| Bitget INXUSDT | +0.0100% | 4h | 0.006137 | −0.081% | $389K | $87K | 25x | as long as short |
| Extended INX-USD | +0.0104% | 1h | 0.006133 | −0.143% | $2K | $145K | 5x | as long as short |
| BingX INX-USDT | +0.0646% | 4h | 0.006143 | +0.016% | — | $6.5M | — | as long as short |
| Bybit INXUSDTlong | +0.0696% | 4h | 0.006142 | long leg | $781K | $383K | 13x | |
| KuCoin INXUSDTMshort | +0.1178% | 4h | 0.006137 | −0.081% | $291K | $81K | 20x |
Coinbase International INX-PERP-INTX
Aster INXUSDT
Binance INXUSDT
Gate INX_USDT
MEXC INX_USDT
Bitget INXUSDT
Extended INX-USD
BingX INX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit INX_USDC-PERPETUAL | +0.1218% | 1h | 0.006139 | −0.049% | $55K | $22K | 10x | as long as short |
Deribit INX_USDC-PERPETUAL