Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: Bybit against KuCoin−0.096%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$840as in the Funding arb table
Net, price: spread back to 7d avg − costs−$841as in the Price arb table
costs, in and out, $10k−$8338.335% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.096%, 7d avg −0.018%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.078% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MEUSDTM | 0.07322 | 0.0100 | pay 0.0050% / 4h | 1h 35m | $204K | $25K | 30x |
| Short | Bybit MEUSDT | 0.07315 | 0.0100 | get 0.0050% / 4h | 1h 35m | $1.5M | $639K | 25x |
KuCoin MEUSDTM
Bybit MEUSDTFunding 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
- $0
- Price spread: −0.096% → −0.018%
- −$7.77
- Slippage, 4 orders
- −$810.48
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$841.25
- Costs to cover
- 8.335%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 34 min ago; Bybit: live order book, 1 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, 34 min ago | 17.67 bp | 255.8 bp −$256 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 4.78 bp | 43.5 bp −$43 | 228.6 bp −$2,286 | doesn't fit | doesn't fit |
ME on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ME-USDT | +0.0075% | 4h | 0.07326 | +0.055% | $106K | $7K | 50x | as long as short |
| Hyperliquid ME | +0.0100% | 1h | 0.07312 | −0.137% | $230K | $96K | 3x | as long as short |
| Aster MEUSDT | +0.0100% | 4h | 0.07316 | −0.076% | $17K | $11K | 5x | as long as short |
| Binance MEUSDT | +0.0100% | 4h | 0.07317 | −0.072% | $2.1M | $3.8M | 50x | as long as short |
| Bybit MEUSDTshort | +0.0100% | 4h | 0.07315 | −0.096% | $1.5M | $639K | 25x | |
| OKX ME-USDT-SWAP | +0.0100% | 4h | 0.07311 | −0.150% | $464K | $967K | 20x | as long as short |
| Gate ME_USDT | +0.0100% | 8h | 0.07310 | −0.164% | $189K | $74K | 50x | as long as short |
| MEXC ME_USDT | +0.0100% | 4h | 0.07314 | −0.109% | $492K | $129K | 20x | as long as short |
| KuCoin MEUSDTMlong | +0.0100% | 4h | 0.07322 | long leg | $204K | $25K | 30x | |
| Bitget MEUSDT | +0.0100% | 4h | 0.07317 | −0.068% | $633K | $416K | 25x | as long as short |
BloFin ME-USDT
Hyperliquid ME
Aster MEUSDT
Binance MEUSDT
OKX ME-USDT-SWAP
Gate ME_USDT
MEXC ME_USDT
Bitget MEUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ME-USDT | +0.0100% | 4h | 0.07317 | −0.068% | — | $1.3M | — | as long as short |
| Variational Omni ME | +0.0100% | 4h | 0.07319 | −0.039% | $11K | $2K | — | as long as short |
| Reya MERUSDPERP | +0.0228% | 1h | 0.07316 | −0.086% | $26K | — | 15x | as long as short |
BingX ME-USDT
Variational Omni ME
Reya MERUSDPERP