Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.1124 | +0.0100 | pay 0.0050% / 4h | 2h 19m | $782K | $2.3M | 20x | Long KuCoin | |
| SHORT | 0.1121 | −0.3612 | pay 0.1806% / 4h | 2h 19m | $561K | $390K | 20x | Short Bybit |
Price gap−0.249%
Funding gap−0.3712% /8h
Both sides work against this direction now: funding costs $111 a day on $10k and the gap is 0.217% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$65−0.3712% /8h now · paid −0.653% over the last 7D
Price−$22spread −0.249% now, avg −0.033% → −0.217% if it goes back
Costs−$3,01630.163% of $10k · taker + slippage, in and out
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.653% in total, about −0.0311%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.249%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hNES on 7 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Watch: Thin at this size1022.4 / 407.9 bpAt $10k entering KuCoin costs 1022.4 bp, fee and slippage, 2.5× Bybit’s.
- Note: Margin at max leverage$500 + $500KuCoin 20x, Bybit 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval4h / 4hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$111.36Long KuCoin: 6 payments, −$3.00; short Bybit: 6 payments, −$108.36.
- Watch: Gap narrower than usual−0.249% vs −0.033%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Short leg is thinner$561K vs $782K OIBybit sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKuCoin Yes · Bybit YesStandard KYC (ID and face check) for any product since Aug 2023.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0311%/8h × 21 periods−$65.32
Price spread−0.249% → −0.033% (7d avg)−$21.66
Slippage, 4 orderslive order books−$2,993.30
Fee KuCoin bp × 2 orders−$12.00
Fee Bybit bp × 2 orders−$11.00
Net · 7 days · $10k−$3,103.27
Costs to cover30.163%Break-evennever at this rate
Slippage: KuCoin: live order book, 6 min ago; Bybit: live order book, 35 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKuCoin0.441022.4 bp−$1,022doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBybit31.18407.9 bp−$408doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
Aster