Funding you earn now, next payment 08:00 UTC−0.1290%/8h= −141.3% APRnext payment −$12.90 per $10,000 · paid last 24h −0.191%
Price spread now: Bybit against KuCoin−0.027%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1581.578% of the position
Funding, last 7 days−0.196%−$20 on $10k
+Price spread, last 7 days−0.057%−$6 · spread now −0.027%, 7d avg −0.062%
=The price spread pays, funding is against you. Bybit is 0.035% dearer against KuCoin than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.062%): +$3 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.196% in total) that is about 30 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.196% in total (about -10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$12.90 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 LUNCUSDTM | 0.00005554 | 0.1390 | pay 0.1390% / 8h | 7h 11m | $1.8M | $622K | 50x |
| Short | Bybit 1000LUNCUSDT | 0.00005553 | 0.0100 | get 0.0100% / 8h | 7h 11m | $2.0M | $721K | 25x |
KuCoin LUNCUSDTM
Bybit 1000LUNCUSDTFunding 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
- −$270.9
- Price spread: −0.027% → −0.062%
- $3.49
- Slippage, 4 orders
- −$134.8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$425.21
- Costs to cover
- 1.578%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Bybit: live order book, just now.
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, 5 min ago | 8.10 bp | 38.7 bp −$39 | 122.0 bp −$1,220 | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 2.70 bp | 48.1 bp −$48 | 154.2 bp −$1,542 | doesn't fit | doesn't fit |
LUNC 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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid kLUNC | +0.0100% | 1h | 0.00005555 | +0.009% | $289K | $108K | 3x | as long as short |
| Aster 1000LUNCUSDT | +0.0100% | 8h | 0.00005546 | −0.158% | $48K | $16K | 10x | as long as short |
| Binance 1000LUNCUSDT | +0.0100% | 8h | 0.00005544 | −0.184% | $4.2M | $7.7M | 75x | as long as short |
| Bybit 1000LUNCUSDTshort | +0.0100% | 8h | 0.00005553 | −0.027% | $2.0M | $721K | 25x | |
| Gate LUNC_USDT | +0.0100% | 8h | 0.00005556 | +0.027% | $395K | $256K | 75x | as long as short |
| MEXC LUNC_USDT | +0.0100% | 8h | 0.00005547 | −0.135% | $17.1M | $1.3M | 200x | as long as short |
| Bitget LUNCUSDT | +0.0100% | 8h | 0.00005541 | −0.243% | $1.2M | $561K | 25x | as long as short |
| Extended kLUNC-USD | +0.0104% | 1h | 0.00005544 | −0.181% | $2K | — | 10x | as long as short |
| BingX LUNC-USDT | +0.0163% | 8h | 0.00005553 | −0.027% | — | $2.0M | — | as long as short |
| BloFin 1000LUNC-USDT | +0.0220% | 8h | 0.00005544 | −0.189% | $396K | $37K | 75x | as long as short |
Hyperliquid kLUNC
Aster 1000LUNCUSDT
Binance 1000LUNCUSDT
Gate LUNC_USDT
MEXC LUNC_USDT
Bitget LUNCUSDT
Extended kLUNC-USD
BingX LUNC-USDT
BloFin 1000LUNC-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin LUNCUSDTMlong | +0.1390% | 8h | 0.00005554 | long leg | $1.8M | $622K | 50x |