Funding you earn now, next payment 00:00 UTC+0.0504%/8h= +55.2% APRnext payment +$5.04 per $10,000 · paid last 24h +0.199%
Price spread now: KuCoin against Bybit+0.062%7-day average +0.191% · you sell dearer than you buy
Net, funding: paid 7d − costs−$288as in the Funding arb table
Net, price: spread back to 7d avg − costs−$382as in the Price arb table
costs, in and out, $10k−$3693.690% of the position
Funding, last 7 days+0.807%+$81 on $10k
+Price spread, last 7 days+0.127%+$13 · spread now +0.062%, 7d avg +0.191%
=Funding pays, the price is against you. KuCoin is 0.128% cheaper against Bybit than usual: you would sell low and buy high (spread +0.062% now, against its 7-day average of +0.191%). If the spread goes back, that is −$13 on $10k: about 20 hours of funding at the current rate (+$15 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit IOTAUSDT | 0.04805 | 0.0100 | pay 0.0100% / 8h | 2h 08m | $2.2M | $1.3M | 75x |
| Short | KuCoin IOTAUSDTM | 0.04808 | 0.0604 | get 0.0604% / 8h | 2h 08m | $2.7M | $223K | 30x |
Bybit IOTAUSDT
KuCoin IOTAUSDTMFunding 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
- $105.84
- Price spread: +0.062% → +0.191%
- −$12.81
- Slippage, 4 orders
- −$346.04
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$276.02
- Costs to cover
- 3.690%
- Break-even
- 25.3 days
Slippage from Bybit: live order book, 9 min ago; KuCoin: live order book, 9 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, 9 min ago | 5.20 bp | 35.8 bp −$36 | 86.2 bp −$862 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 39.43 bp | 160.6 bp −$161 | doesn't fit | doesn't fit | doesn't fit |
IOTA on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IOTAUSD | −0.0667% | 1h | 0.04808 | +0.056% | $18K | $16K | 10x | as long as short |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04808 | +0.054% | $828K | $242K | 3x | as long as short |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04806 | +0.023% | $3.4M | $5.8M | 75x | as long as short |
| Bybit IOTAUSDTlong | +0.0100% | 8h | 0.04805 | long leg | $2.2M | $1.3M | 75x | |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04801 | −0.083% | $564K | $1.3M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04806 | +0.021% | $885K | $178K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04806 | +0.021% | $598K | $192K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04813 | +0.166% | $1.8M | $610K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04802 | −0.062% | — | $2.3M | — | as long as short |
| Variational Omni IOTA | +0.0100% | 8h | 0.04800 | −0.096% | $38K | $36K | — | as long as short |
Kraken Futures PF_IOTAUSD
Hyperliquid IOTA
Binance IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDT
Variational Omni IOTAShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin IOTA-USDT | +0.0120% | 8h | 0.04805 | 0.000% | $169K | $36K | 75x | as long as short |
| KuCoin IOTAUSDTMshort | +0.0604% | 8h | 0.04808 | +0.062% | $2.7M | $223K | 30x |
BloFin IOTA-USDT