Funding you earn now, next payment 04:00 UTC−0.0559%/8h= −61.2% APRnext payment −$2.79 per $10,000 · paid last 24h −0.204%
Price spread now: Bybit against Binance−0.099%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$369as in the Funding arb table
Net, price: spread back to 7d avg − costs−$334as in the Price arb table
costs, in and out, $10k−$3273.274% of the position
Funding, last 7 days−0.412%−$41 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.099%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bybit is 0.070% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance KGENUSDT | 0.1618 | 0.0659 | pay 0.0329% / 4h | 3h 42m | $5.0M | $893K | 50x |
| Short | Bybit KGENUSDT | 0.1616 | 0.0100 | get 0.0050% / 4h | 3h 42m | $749K | $331K | 20x |
Binance KGENUSDT
Bybit KGENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- −$117.34
- Price spread: −0.099% → −0.029%
- −$6.99
- Slippage, 4 orders
- −$306.39
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$451.72
- Costs to cover
- 3.274%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Bybit: live order book, 27 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 Binance live order book, 10 min ago | 3.09 bp | 43.1 bp −$43 | 268.5 bp −$2,685 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 27 min ago | 6.22 bp | 124.3 bp −$124 | doesn't fit | doesn't fit | doesn't fit |
KGEN 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit KGENUSDTshort | +0.0100% | 4h | 0.1616 | −0.099% | $749K | $331K | 20x | |
| OKX KGEN-USDT-SWAP | +0.0100% | 4h | 0.1616 | −0.124% | $195K | $121K | 10x | as long as short |
| Gate KGEN_USDT | +0.0100% | 4h | 0.1613 | −0.328% | $1.5M | $92K | 50x | as long as short |
| KuCoin KGENUSDTM | +0.0100% | 4h | 0.1618 | −0.031% | $739K | $1.5M | 50x | as long as short |
| Variational Omni KGEN | +0.0100% | 4h | 0.1616 | −0.139% | $5K | $1K | — | as long as short |
| SunX KGEN-USDT | +0.0100% | 4h | 0.1614 | −0.235% | $2K | $870K | 20x | as long as short |
| Bitget KGENUSDT | +0.0264% | 4h | 0.1619 | +0.080% | $1.7M | $165K | 50x | as long as short |
| BingX KGEN-USDT | +0.0622% | 4h | 0.1617 | −0.062% | — | $6.5M | — | as long as short |
| BloFin KGEN-USDT | +0.0635% | 4h | 0.1618 | 0.000% | $223K | $19K | 50x | as long as short |
| Binance KGENUSDTlong | +0.0659% | 4h | 0.1618 | long leg | $5.0M | $893K | 50x |
OKX KGEN-USDT-SWAP
Gate KGEN_USDT
KuCoin KGENUSDTM
Variational Omni KGEN
SunX KGEN-USDT
Bitget KGENUSDT
BingX KGEN-USDT
BloFin KGEN-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC KGEN_USDT | +0.0664% | 4h | 0.1617 | −0.062% | $453K | $97K | 50x | as long as short |
| Aster KGENUSDT | +0.1177% | 4h | 0.1613 | −0.305% | $19K | $4K | 5x | as long as short |
MEXC KGEN_USDT
Aster KGENUSDT