Funding you earn now, next payment 08:00 UTC+1.5160%/8h= +1660.0% APRnext payment +$75.80 per $10,000 · paid last 24h +0.942%
Price spread now: KuCoin against Bybit−0.679%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$346as in the Funding arb table
Net, price: spread back to 7d avg − costs−$491as in the Price arb table
costs, in and out, $10k−$4314.315% of the position
Funding, last 7 days+0.858%+$86 on $10k
+Price spread, last 4 days (all we have)+0.649%+$65 · spread now −0.679%, 7d avg −0.084%
=Funding pays, the price is against you. KuCoin is 0.595% cheaper against Bybit than usual: you would sell low and buy high (spread −0.679% now, against its 7-day average of −0.084%). If the spread goes back, that is −$59 on $10k: about 3 hours of funding at the current rate (+$455 a day). At the pace of the last 7 days (+0.858% in total) that is about 4.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.858% in total (about 44.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$75.80 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 | Bybit KERNELUSDT | 0.06482 | −3.5720 | get 1.7860% / 4h | 2h 00m | $2.7M | $17.2M | 20x |
| Short | KuCoin KERNELUSDTM | 0.06438 | −2.0560 | pay 1.0280% / 4h | 2h 00m | $580K | $708K | 30x |
Bybit KERNELUSDT
KuCoin KERNELUSDTMFunding 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
- $3,183.56
- Price spread: −0.679% → −0.084%
- −$59.47
- Slippage, 4 orders
- −$408.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $2,692.62
- Costs to cover
- 4.315%
- Break-even
- 1.1 days
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 59 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, 3 min ago | 6.14 bp | 38.3 bp −$38 | 248.9 bp −$2,489 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 59 min ago | 28.13 bp | 78.7 bp −$79 | doesn't fit | doesn't fit | doesn't fit |
KERNEL 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 KERNELUSDTlong | −3.5720% | 4h | 0.06482 | long leg | $2.7M | $17.2M | 20x | |
| BingX KERNEL-USDT | −3.2400% | 4h | 0.06418 | −0.987% | — | $7.5M | — | as long as short |
| Variational Omni KERNEL | −3.1180% | 4h | 0.06486 | +0.059% | $14K | $74K | — | as long as short |
| Bitget KERNELUSDT | −2.5280% | 4h | 0.06416 | −1.018% | $1.2M | $9.6M | 25x | as long as short |
| Gate KERNEL_USDT | −2.4588% | 4h | 0.06411 | −1.095% | $335K | $2.5M | 50x | as long as short |
| Binance KERNELUSDT | −2.4513% | 4h | 0.06411 | −1.095% | $4.3M | $87.1M | 25x | as long as short |
| MEXC KERNEL_USDT | −2.4512% | 4h | 0.06418 | −0.987% | $1.2M | $3.3M | 20x | as long as short |
| KuCoin KERNELUSDTMshort | −2.0560% | 4h | 0.06438 | −0.679% | $580K | $708K | 30x |
BingX KERNEL-USDT
Variational Omni KERNEL
Bitget KERNELUSDT
Gate KERNEL_USDT
Binance KERNELUSDT
MEXC KERNEL_USDT