Funding you earn now, next payment 08:00 UTC+0.2481%/8h= +271.7% APRpaid last 24h +0.038%
Price spread now: KuCoin against Bybit−0.425%7-day average −0.166% · you buy dearer than you sell
Net, funding: paid 7d − costs−$251as in the Funding arb table
Net, price: spread back to 7d avg − costs−$312as in the Price arb table
costs, in and out, $10k−$2862.857% of the position
Funding, last 7 days+0.344%+$34 on $10k
+Price spread, last 4 days (all we have)+0.544%+$54 · spread now −0.425%, 7d avg −0.166%
=Funding pays, the price is against you. KuCoin is 0.260% cheaper against Bybit than usual: you would sell low and buy high (spread −0.425% now, against its 7-day average of −0.166%). If the spread goes back, that is −$26 on $10k: about 8 hours of funding at the current rate (+$74 a day). At the pace of the last 7 days (+0.344% in total) that is about 5.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.344% in total (about 17.9% a year). A funding rate is set anew for every payment. 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 | Bybit MINAUSDT | 0.1340 | −0.2671 | get 0.1336% / 4h | 1h 07m | $4.6M | $4.9M | 25x |
| Short | KuCoin MINAUSDTM | 0.1334 | −0.0190 | pay 0.0190% / 8h | 1h 07m | $814K | $454K | 30x |
Bybit MINAUSDT
KuCoin MINAUSDTMFunding 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
- $521.06
- Price spread: −0.425% → −0.166%
- −$25.96
- Slippage, 4 orders
- −$262.68
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $209.42
- Costs to cover
- 2.857%
- Break-even
- 4.2 days
Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 57 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, 1 min ago | 4.86 bp | 38.6 bp −$39 | 151.5 bp −$1,515 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 57 min ago | 14.73 bp | 115.3 bp −$115 | doesn't fit | doesn't fit | doesn't fit |
MINA 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 MINAUSDTlong | −0.2671% | 4h | 0.1340 | long leg | $4.6M | $4.9M | 25x | |
| Kraken Futures PF_MINAUSD | −0.1960% | 1h | 0.1340 | +0.032% | $21K | $62K | 10x | as long as short |
| OKX MINA-USDT-SWAP | −0.0756% | 4h | 0.1335 | −0.351% | $1.8M | $12.3M | 20x | as long as short |
| Hyperliquid MINA | −0.0748% | 1h | 0.1335 | −0.321% | $3.3M | $1.5M | 3x | as long as short |
| BloFin MINA-USDT | −0.0304% | 8h | 0.1333 | −0.463% | $251K | $191K | 50x | as long as short |
| Binance MINAUSDT | −0.0285% | 8h | 0.1336 | −0.299% | $4.5M | $24.2M | 50x | as long as short |
| MEXC MINA_USDT | −0.0279% | 8h | 0.1336 | −0.314% | $1.2M | $1.2M | 50x | as long as short |
| Bitget MINAUSDT | −0.0249% | 8h | 0.1334 | −0.403% | $1.9M | $3.2M | 50x | as long as short |
| Gate MINA_USDT | −0.0210% | 8h | 0.1336 | −0.284% | $438K | $659K | 50x | as long as short |
| BingX MINA-USDT | −0.0196% | 8h | 0.1337 | −0.231% | — | $2.6M | — | as long as short |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
Hyperliquid MINA
BloFin MINA-USDT
Binance MINAUSDT
MEXC MINA_USDT
Bitget MINAUSDT
Gate MINA_USDT
BingX MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MINAUSDTMshort | −0.0190% | 8h | 0.1334 | −0.425% | $814K | $454K | 30x | |
| Variational Omni MINA | +0.0100% | 4h | 0.1341 | +0.123% | $433K | $67K | — | as long as short |
Variational Omni MINA