Funding you earn now, next payment 00:00 UTC−0.1794%/8h= −196.4% APRnext payment −$8.97 per $10,000 · paid last 24h −0.508%
Price spread now: Bybit against KuCoin+0.718%7-day average +0.163% · you sell dearer than you buy
Net, funding: paid 7d − costs−$610as in the Funding arb table
Net, price: spread back to 7d avg − costs−$312as in the Price arb table
costs, in and out, $10k−$3683.678% of the position
Funding, last 7 days−2.425%−$242 on $10k
+Price spread, last 7 days−1.484%−$148 · spread now +0.718%, 7d avg +0.163%
=The price spread pays, funding is against you. Bybit is 0.556% dearer against KuCoin than usual: you sell high and buy low (spread +0.718% now, against its 7-day average of +0.163%): +$56 on $10k if it goes back. Holding the pair costs −$54 a day in funding at the current rate, which eats that in about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MUSDTM | 1.4378 | 0.1894 | pay 0.0947% / 4h | 2m 56s | $1.4M | $4.3M | 10x |
| Short | Bybit MUSDT | 1.4481 | 0.0100 | get 0.0050% / 4h | 2m 56s | $4.6M | $2.4M | 20x |
KuCoin MUSDTM
Bybit MUSDTFunding 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
- −$376.74
- Price spread: +0.718% → +0.163%
- $55.55
- Slippage, 4 orders
- −$344.77
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$688.95
- Costs to cover
- 3.678%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago | 8.32 bp | 170.0 bp −$170 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.80 bp | 34.3 bp −$34 | 241.7 bp −$2,417 | 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 MUSDTshort | +0.0100% | 4h | 1.4481 | +0.718% | $4.6M | $2.4M | 20x | |
| Gate M_USDT | +0.0100% | 8h | 1.4458 | +0.559% | $1.9M | $957K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4458 | +0.555% | $90K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4512 | +0.934% | $2K | $596 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4525 | +1.025% | $2K | $637K | 20x | as long as short |
| Bitget MUSDT | +0.0110% | 4h | 1.4487 | +0.760% | $1.9M | $355K | 10x | as long as short |
| Aster MUSDT | +0.1088% | 4h | 1.4513 | +0.940% | $15K | $116K | 5x | as long as short |
| BingX M-USDT | +0.1407% | 4h | 1.4481 | +0.718% | — | $2.4M | — | as long as short |
| BloFin M-USDT | +0.1475% | 4h | 1.4488 | +0.767% | $350K | $432K | 10x | as long as short |
| MEXC M_USDT | +0.1492% | 4h | 1.4478 | +0.698% | $243K | $113K | 50x | as long as short |
Gate M_USDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Bitget MUSDT
Aster MUSDT
BingX M-USDT
BloFin M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDT | +0.1493% | 4h | 1.4475 | +0.680% | $5.5M | $4.8M | 10x | as long as short |
| KuCoin MUSDTMlong | +0.1894% | 4h | 1.4378 | long leg | $1.4M | $4.3M | 10x |
Binance MUSDT