Funding you earn now, next payment 00:00 UTC+0.0906%/8h= +99.2% APRnext payment +$4.53 per $10,000 · paid last 24h +0.508%
Price spread now: KuCoin against Bybit−0.886%7-day average −0.154% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$388as in the Price arb table
costs, in and out, $10k−$3143.144% of the position
Funding, last 7 days+2.425%+$242 on $10k
+Price spread, last 7 days+1.595%+$159 · spread now −0.886%, 7d avg −0.154%
=Funding pays, the price is against you. KuCoin is 0.732% cheaper against Bybit than usual: you would sell low and buy high (spread −0.886% now, against its 7-day average of −0.154%). If the spread goes back, that is −$73 on $10k: about 2.7 days of funding at the current rate (+$27 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MUSDT | 1.4463 | 0.0100 | pay 0.0050% / 4h | 1h 08m | $4.6M | $2.3M | 20x |
| Short | KuCoin MUSDTM | 1.4335 | 0.1006 | get 0.0503% / 4h | 1h 08m | $1.4M | $4.4M | 10x |
Bybit MUSDT
KuCoin MUSDTMFunding 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
- $190.26
- Price spread: −0.886% → −0.154%
- −$73.18
- Slippage, 4 orders
- −$291.44
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$197.36
- Costs to cover
- 3.144%
- Break-even
- 14.3 days
Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 4 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, 4 min ago | 2.41 bp | 36.3 bp −$36 | 296.6 bp −$2,966 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 5.77 bp | 72.3 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
M 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 MUSDTlong | +0.0100% | 4h | 1.4463 | long leg | $4.6M | $2.3M | 20x | |
| Gate M_USDT | +0.0100% | 8h | 1.4451 | −0.083% | $1.9M | $918K | 10x | as long as short |
| Bitget MUSDT | +0.0100% | 4h | 1.4485 | +0.152% | $1.9M | $355K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4491 | +0.190% | $89K | $42K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4482 | +0.131% | $2K | $596 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4496 | +0.228% | $2K | $577K | 20x | as long as short |
| Aster MUSDT | +0.0721% | 4h | 1.4476 | +0.087% | $14K | $114K | 5x | as long as short |
| BingX M-USDT | +0.0982% | 4h | 1.4484 | +0.145% | — | $2.4M | — | as long as short |
| KuCoin MUSDTMshort | +0.1006% | 4h | 1.4335 | −0.886% | $1.4M | $4.4M | 10x | |
| BloFin M-USDT | +0.1035% | 4h | 1.4501 | +0.263% | $350K | $413K | 10x | as long as short |
Gate M_USDT
Bitget MUSDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BingX M-USDT
BloFin M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC M_USDT | +0.1082% | 4h | 1.4488 | +0.173% | $247K | $113K | 50x | as long as short |
| Binance MUSDT | +0.1083% | 4h | 1.4487 | +0.166% | $5.4M | $4.6M | 10x | as long as short |
MEXC M_USDT
Binance MUSDT