Funding you earn now, next payment 04:00 UTC−0.1160%/8h= −127.0% APRnext payment −$5.80 per $10,000 · paid last 24h −0.161%
Price spread now: Bybit against KuCoin+0.109%7-day average +0.318% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,475as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,466as in the Price arb table
costs, in and out, $10k−$2,44524.452% of the position
Funding, last 7 days−0.301%−$30 on $10k
+Price spread, last 4 days (all we have)+0.306%+$31 · spread now +0.109%, 7d avg +0.318%
=Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Bybit is 0.210% cheaper against KuCoin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.318%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.301% in total (about -15.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.80 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 | KuCoin JCTUSDTM | 0.001655 | 0.1260 | pay 0.0630% / 4h | 2h 49m | $399K | $49K | 20x |
| Short | Bybit JCTUSDT | 0.001657 | 0.0100 | get 0.0050% / 4h | 2h 49m | $1.2M | $270K | 20x |
KuCoin JCTUSDTM
Bybit JCTUSDTFunding 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
- −$243.6
- Price spread: +0.109% → +0.318%
- −$20.96
- Slippage, 4 orders
- −$2,422.16
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$2,709.72
- Costs to cover
- 24.452%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 63 min ago; Bybit: live order book, 2 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, 63 min ago | 27.84 bp | 947.5 bp −$948 | 25852.7 bp −$258.5K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 9.04 bp | 385.1 bp −$385 | doesn't fit | doesn't fit | doesn't fit |
JCT 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit JCTUSDTshort | +0.0100% | 4h | 0.001657 | +0.109% | $1.2M | $270K | 20x | |
| Gate JCT_USDT | +0.0100% | 4h | 0.001650 | −0.314% | $315K | $65K | 20x | as long as short |
| Bitget JCTUSDT | +0.0576% | 4h | 0.001653 | −0.133% | $2.2M | $139K | 10x | as long as short |
| MEXC JCT_USDT | +0.0590% | 4h | 0.001657 | +0.109% | $511K | $157K | 50x | as long as short |
| Binance JCTUSDT | +0.0590% | 4h | 0.001658 | +0.181% | $5.1M | $1.9M | 20x | as long as short |
| BingX JCT-USDT | +0.0592% | 4h | 0.001659 | +0.230% | — | $1.3M | — | as long as short |
| Aster JCTUSDT | +0.1232% | 4h | 0.001654 | −0.080% | $121K | $6K | 5x | as long as short |
| KuCoin JCTUSDTMlong | +0.1260% | 4h | 0.001655 | long leg | $399K | $49K | 20x |
Gate JCT_USDT
Bitget JCTUSDT
MEXC JCT_USDT
Binance JCTUSDT
BingX JCT-USDT
Aster JCTUSDT