Funding you earn now, next payment 08:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h −0.074%
Price spread now: Bybit against KuCoin+0.491%7-day average +0.241% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,369as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,342as in the Price arb table
costs, in and out, $10k−$1,36713.675% of the position
Funding, last 7 days−0.019%−$2 on $10k
+Price spread, last 4 days (all we have)−0.461%−$46 · spread now +0.491%, 7d avg +0.241%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.251% dearer against KuCoin than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.241%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin INXUSDTM | 0.006308 | 0.0302 | pay 0.0151% / 4h | 2h 42m | $280K | $54K | 20x |
| Short | Bybit INXUSDT | 0.006339 | 0.0301 | get 0.0151% / 4h | 2h 42m | $824K | $383K | 13x |
KuCoin INXUSDTM
Bybit INXUSDTFunding 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
- −$0.19
- Price spread: +0.491% → +0.241%
- $25.08
- Slippage, 4 orders
- −$1,344.45
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,342.56
- Costs to cover
- 13.675%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 15 min ago; Bybit: live order book, 3 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, 15 min ago | 32.40 bp | 770.7 bp −$771 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 7.09 bp | 69.7 bp −$70 | 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 | −0.1504% | 1h | 0.006083 | −3.567% | $5K | $5K | 50x | as long as short |
| Bitget INXUSDT | +0.0100% | 4h | 0.006334 | +0.412% | $401K | $109K | 25x | as long as short |
| Bybit INXUSDTshort | +0.0301% | 4h | 0.006339 | +0.491% | $824K | $383K | 13x | |
| KuCoin INXUSDTMlong | +0.0302% | 4h | 0.006308 | long leg | $280K | $54K | 20x | |
| BingX INX-USDT | +0.0714% | 4h | 0.006339 | +0.491% | — | $6.5M | — | as long as short |
| Extended INX-USD | +0.0728% | 1h | 0.006332 | +0.382% | $5K | $182K | 5x | as long as short |
| Binance INXUSDT | +0.0728% | 4h | 0.006334 | +0.406% | $2.1M | $1.5M | 25x | as long as short |
| MEXC INX_USDT | +0.0738% | 4h | 0.006335 | +0.428% | $936K | $214K | 50x | as long as short |
| Deribit INX_USDC-PERPETUAL | +0.1016% | 1h | 0.006325 | +0.269% | $58K | $21K | 10x | as long as short |
| Aster INXUSDT | +0.1123% | 4h | 0.006324 | +0.259% | $19K | $10K | 5x | as long as short |
Coinbase International INX-PERP-INTX
Bitget INXUSDT
BingX INX-USDT
Extended INX-USD
Binance INXUSDT
MEXC INX_USDT
Deribit INX_USDC-PERPETUAL
Aster INXUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate INX_USDT | +0.1472% | 4h | 0.006310 | +0.032% | $1.6M | $66K | 25x | as long as short |
Gate INX_USDT