Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.02 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit−0.175%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$262as in the Funding arb table
Net, price: spread back to 7d avg − costs−$274as in the Price arb table
costs, in and out, $10k−$2622.619% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.096%+$10 · spread now −0.175%, 7d avg −0.058%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.117% cheaper against Bybit than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.058%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NILUSDT | 0.07414 | 0.0100 | pay 0.0050% / 4h | 3h 59m | $4.1M | $10.3M | 20x |
| Short | KuCoin NILUSDTM | 0.07401 | 0.0104 | get 0.0052% / 4h | 3h 59m | $619K | $581K | 30x |
Bybit NILUSDT
KuCoin NILUSDTMFunding 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
- $0.84
- Price spread: −0.175% → −0.058%
- −$11.75
- Slippage, 4 orders
- −$238.89
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$272.79
- Costs to cover
- 2.619%
- Break-even
- 2280.3 days
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 54 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, 3 min ago | 4.02 bp | 50.7 bp −$51 | 280.0 bp −$2,800 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 54 min ago | 16.37 bp | 81.5 bp −$82 | 598.5 bp −$5,985 | doesn't fit | doesn't fit |
NIL on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | +0.0054% | 4h | 0.07420 | +0.081% | $374K | $82K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.07395 | −0.259% | $30K | $257K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07401 | −0.182% | $5.7M | $50.2M | 50x | as long as short |
| Bybit NILUSDTlong | +0.0100% | 4h | 0.07414 | long leg | $4.1M | $10.3M | 20x | |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07392 | −0.297% | $2.3M | $3.4M | 100x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07412 | −0.027% | $2.0M | $6.1M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.07402 | −0.162% | — | $8.1M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.07432 | +0.249% | $181K | $248K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07396 | −0.244% | $18K | $195K | 5x | as long as short |
| KuCoin NILUSDTMshort | +0.0104% | 4h | 0.07401 | −0.175% | $619K | $581K | 30x |
BloFin NIL-USDT
Aster NILUSDT
Binance NILUSDT
MEXC NIL_USDT
Bitget NILUSDT
BingX NIL-USDT
Variational Omni NIL
Extended NIL-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NIL_USDT | +0.0130% | 4h | 0.07393 | −0.283% | $459K | $1.5M | 50x | as long as short |
| Hyperliquid NIL | +0.2313% | 1h | 0.07421 | +0.100% | $4.8M | $4.5M | 3x | as long as short |
Gate NIL_USDT
Hyperliquid NIL