Funding you earn now, next payment 12:00 UTC−0.0750%/8h= −82.1% APRnext payment −$3.75 per $10,000 · paid last 24h −0.189%
Price spread now: Bybit against KuCoin+0.041%7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs−$662as in the Funding arb table
Net, price: spread back to 7d avg − costs−$662as in the Price arb table
costs, in and out, $10k−$6526.521% of the position
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 4 days (all we have)+0.100%+$10 · spread now +0.041%, 7d avg +0.136%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bybit is 0.095% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.136%). Swap the legs.
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 −$3.75 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 | KuCoin 1000000MOGUSDTM | 0.0000001209 | 0.0850 | pay 0.0425% / 4h | 1h 30m | $661K | $136K | 30x |
| Short | Bybit 1000000MOGUSDT | 0.0000001210 | 0.0100 | get 0.0050% / 4h | 1h 30m | $1.6M | $2.2M | 50x |
KuCoin 1000000MOGUSDTM
Bybit 1000000MOGUSDTFunding 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
- −$157.5
- Price spread: +0.041% → +0.136%
- −$9.51
- Slippage, 4 orders
- −$629.1
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$819.11
- Costs to cover
- 6.521%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; Bybit: live order book, 9 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, 6 min ago | 8.22 bp | 335.6 bp −$336 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 4.12 bp | 38.7 bp −$39 | 127.5 bp −$1,275 | 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 | −0.7145% | 1h | 0.0000001208 | −0.083% | $32K | $20K | 10x | as long as short |
| Coinbase International 1000MOG-PERP-INTX | −0.2024% | 1h | 0.0000001207 | −0.165% | $66K | $10K | 25x | as long as short |
| BloFin 1000000MOG-USDT | +0.0095% | 4h | 0.0000001207 | −0.165% | $73K | $21K | 50x | as long as short |
| Binance 1000000MOGUSDT | +0.0100% | 4h | 0.0000001208 | −0.122% | $1.1M | $4.0M | 50x | as long as short |
| Bybit 1000000MOGUSDTshort | +0.0100% | 4h | 0.0000001210 | +0.041% | $1.6M | $2.2M | 50x | |
| Gate MOG_USDT | +0.0100% | 4h | 0.0000001205 | −0.331% | $447K | $337K | 25x | as long as short |
| MEXC 1000000MOG_USDT | +0.0100% | 4h | 0.0000001207 | −0.165% | $670K | $239K | 100x | as long as short |
| Bitget 1000000MOGUSDT | +0.0100% | 4h | 0.0000001207 | −0.165% | $339K | $174K | 50x | as long as short |
| BingX 1000000MOG-USDT | +0.0200% | 4h | 0.0000001208 | −0.083% | — | $1.3M | — | as long as short |
| Variational Omni 1000000MOG | +0.0210% | 4h | 0.0000001209 | +0.018% | $7K | $13K | — | as long as short |
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 1000000MOGShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MOGUSD | +0.0459% | 1h | 0.0000001205 | −0.306% | $48K | $41K | 10x | as long as short |
| KuCoin 1000000MOGUSDTMlong | +0.0850% | 4h | 0.0000001209 | long leg | $661K | $136K | 30x |
Kraken Futures PF_MOGUSD