Funding you earn now, next payment 08:00 UTC−0.0549%/8h= −60.1% APRnext payment −$2.75 per $10,000 · paid last 24h −0.037%
Price spread now: Bybit against KuCoin+0.102%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,572as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,551as in the Price arb table
costs, in and out, $10k−$1,56315.626% of the position
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.102%, 7d avg −0.011%
=The price spread pays, funding is against you. Bybit is 0.113% dearer against KuCoin than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of −0.011%): +$11 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.097% in total) that is about 8.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.097% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.75 per $10,000. 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 | KuCoin NEWTUSDTM | 0.04894 | 0.0100 | pay 0.0050% / 4h | 2h 15m | $321K | $45K | 25x |
| Short | Bybit NEWTUSDT | 0.04899 | −0.0449 | pay 0.0225% / 4h | 2h 15m | $643K | $1.0M | 20x |
KuCoin NEWTUSDTM
Bybit NEWTUSDTFunding 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
- −$115.29
- Price spread: +0.102% → −0.011%
- $11.32
- Slippage, 4 orders
- −$1,539.63
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,666.6
- Costs to cover
- 15.626%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 42 min ago; Bybit: live order book, 25 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, 42 min ago | 42.00 bp | 708.5 bp −$708 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 25 min ago | 7.15 bp | 156.7 bp −$157 | 495.7 bp −$4,957 | doesn't fit | doesn't fit |
NEWT on 6 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 NEWTUSDTshort | −0.0449% | 4h | 0.04899 | +0.102% | $643K | $1.0M | 20x | |
| Binance NEWTUSDT | +0.0100% | 4h | 0.04898 | +0.075% | $1.4M | $3.4M | 25x | as long as short |
| Gate NEWT_USDT | +0.0100% | 8h | 0.04894 | 0.000% | $214K | $192K | 10x | as long as short |
| MEXC NEWT_USDT | +0.0100% | 4h | 0.04894 | 0.000% | $411K | $201K | 50x | as long as short |
| KuCoin NEWTUSDTMlong | +0.0100% | 4h | 0.04894 | long leg | $321K | $45K | 25x | |
| Bitget NEWTUSDT | +0.0100% | 4h | 0.04899 | +0.102% | $346K | $370K | 20x | as long as short |
Binance NEWTUSDT
Gate NEWT_USDT
MEXC NEWT_USDT
Bitget NEWTUSDT