Funding you earn now, next payment 08:00 UTC−0.1160%/8h= −127.0% APRnext payment −$5.80 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit−0.275%7-day average −0.127% · you buy dearer than you sell
Net, funding: paid 7d − costs−$616as in the Funding arb table
Net, price: spread back to 7d avg − costs−$650as in the Price arb table
costs, in and out, $10k−$6356.350% of the position
Funding, last 7 days+0.191%+$19 on $10k
+Price spread, last 4 days (all we have)+0.276%+$28 · spread now −0.275%, 7d avg −0.127%
=Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and KuCoin is 0.149% cheaper against Bybit than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.127%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.191%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.191% in total (about 9.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.80 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 | Bybit 10000NEXUSDT | 0.000001090 | 0.1260 | pay 0.0630% / 4h | 3h 02m | $354K | $40K | 10x |
| Short | KuCoin NEXUSDTM | 0.000001087 | 0.0100 | get 0.0050% / 4h | 3h 02m | $166K | $629K | 10x |
Bybit 10000NEXUSDT
KuCoin NEXUSDTMFunding 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
- −$243.59
- Price spread: −0.275% → −0.127%
- −$14.85
- Slippage, 4 orders
- −$612.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$893.46
- Costs to cover
- 6.350%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 42 min ago; KuCoin: live order book, 71 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, 42 min ago | 13.79 bp | 96.8 bp −$97 | 15221.3 bp −$152.2K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 71 min ago | 32.36 bp | 145.6 bp −$146 | doesn't fit | doesn't fit | doesn't fit |
NEX 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX 10000NEX-USDT | +0.0070% | 4h | 0.000001090 | 0.000% | — | $1.6M | — | as long as short |
| Aster 1000NEXUSDT | +0.0100% | 1h | 0.000001081 | −0.870% | $2K | $925 | 3x | as long as short |
| KuCoin NEXUSDTMshort | +0.0100% | 4h | 0.000001087 | −0.275% | $166K | $629K | 10x | |
| Bitget 10000NEXUSDT | +0.0100% | 4h | 0.000001087 | −0.275% | $120K | $40K | 20x | as long as short |
| MEXC NEX_USDT | +0.1092% | 4h | 0.000001089 | −0.092% | $120K | $99K | 20x | as long as short |
| Bybit 10000NEXUSDTlong | +0.1260% | 4h | 0.000001090 | long leg | $354K | $40K | 10x |
BingX 10000NEX-USDT
Aster 1000NEXUSDT
Bitget 10000NEXUSDT
MEXC NEX_USDT