Funding you earn now, next payment 12:00 UTC+0.1246%/8h= +136.4% APRnext payment +$6.23 per $10,000 · paid last 24h +0.189%
Price spread now: KuCoin against Bybit+0.164%7-day average −0.138% · you sell dearer than you buy
Net, funding: paid 7d − costs−$568as in the Funding arb table
Net, price: spread back to 7d avg − costs−$547as in the Price arb table
costs, in and out, $10k−$5785.776% of the position
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 4 days (all we have)−0.325%−$32 · spread now +0.164%, 7d avg −0.138%
=Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and KuCoin is 0.302% dearer against Bybit than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.138%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.101% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.23 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit 1000000MOGUSDT | 0.0000001218 | 0.0100 | pay 0.0050% / 4h | 2h 19m | $1.7M | $2.3M | 50x |
| Short | KuCoin 1000000MOGUSDTM | 0.0000001220 | 0.1346 | get 0.0673% / 4h | 2h 19m | $668K | $136K | 30x |
Funding 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
- $261.66
- Price spread: +0.164% → −0.138%
- $30.22
- Slippage, 4 orders
- −$554.64
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$285.76
- Costs to cover
- 5.776%
- Break-even
- 14.6 days
Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 27 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 | 8.21 bp | 49.3 bp −$49 | 144.4 bp −$1,444 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 27 min ago | 20.55 bp | 206.0 bp −$206 | doesn't fit | doesn't fit | doesn't fit |
MOG on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit 1000MOG_USDC-PERPETUAL | −0.5474% | 1h | 0.0000001216 | −0.164% | $32K | $20K | 10x | as long as short |
| Coinbase International 1000MOG-PERP-INTX | −0.1312% | 1h | 0.0000001199 | −1.560% | $66K | $10K | 25x | as long as short |
| BloFin 1000000MOG-USDT | +0.0058% | 4h | 0.0000001218 | 0.000% | $73K | $21K | 50x | as long as short |
| Binance 1000000MOGUSDT | +0.0100% | 4h | 0.0000001216 | −0.164% | $1.1M | $4.0M | 50x | as long as short |
| Bybit 1000000MOGUSDTlong | +0.0100% | 4h | 0.0000001218 | long leg | $1.7M | $2.3M | 50x | |
| Gate MOG_USDT | +0.0100% | 4h | 0.0000001216 | −0.164% | $451K | $344K | 25x | as long as short |
| MEXC 1000000MOG_USDT | +0.0100% | 4h | 0.0000001215 | −0.246% | $663K | $238K | 100x | as long as short |
| Bitget 1000000MOGUSDT | +0.0100% | 4h | 0.0000001215 | −0.246% | $345K | $176K | 50x | as long as short |
| BingX 1000000MOG-USDT | +0.0200% | 4h | 0.0000001216 | −0.164% | — | $1.4M | — | as long as short |
| Variational Omni 1000000MOG | +0.0345% | 4h | 0.0000001219 | +0.103% | $7K | $13K | — | as long as short |
Show all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MOGUSD | +0.0491% | 1h | 0.0000001216 | −0.181% | $49K | $41K | 10x | as long as short |
| KuCoin 1000000MOGUSDTMshort | +0.1346% | 4h | 0.0000001220 | +0.164% | $668K | $136K | 30x |
Bybit 1000000MOGUSDT
KuCoin 1000000MOGUSDTM
Deribit 1000MOG_USDC-PERPETUAL
Coinbase International 1000MOG-PERP-INTX
BloFin 1000000MOG-USDT
Binance 1000000MOGUSDT
Gate MOG_USDT
MEXC 1000000MOG_USDT
Bitget 1000000MOGUSDT
BingX 1000000MOG-USDT
Variational Omni 1000000MOG
Kraken Futures PF_MOGUSD