Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRnext payment −$0.25 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against KuCoin+0.104%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$245as in the Funding arb table
Net, price: spread back to 7d avg − costs−$241as in the Price arb table
costs, in and out, $10k−$2452.452% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.104%, 7d avg +0.058%
=The price spread pays, funding is against you. Bybit is 0.046% dearer against KuCoin than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.058%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NILUSDTM | 0.07709 | 0.0150 | pay 0.0075% / 4h | 45m 18s | $590K | $554K | 30x |
| Short | Bybit NILUSDT | 0.07717 | 0.0100 | get 0.0050% / 4h | 45m 18s | $4.3M | $10.8M | 20x |
KuCoin NILUSDTM
Bybit NILUSDTFunding 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
- −$10.5
- Price spread: +0.104% → +0.058%
- $4.59
- Slippage, 4 orders
- −$222.19
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$251.1
- Costs to cover
- 2.452%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 9 min ago; Bybit: live order book, 3 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, 9 min ago | 16.37 bp | 81.1 bp −$81 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.57 bp | 34.2 bp −$34 | 177.8 bp −$1,778 | 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 | +0.0097% | 4h | 0.07688 | −0.272% | $382K | $100K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.07712 | +0.038% | $33K | $292K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07709 | +0.005% | $6.0M | $54.2M | 50x | as long as short |
| Bybit NILUSDTshort | +0.0100% | 4h | 0.07717 | +0.104% | $4.3M | $10.8M | 20x | |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07705 | −0.052% | $2.5M | $3.2M | 100x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07707 | −0.026% | $2.1M | $6.6M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.07703 | −0.078% | — | $8.1M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.07687 | −0.285% | $190K | $249K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07701 | −0.100% | $23K | $189K | 5x | as long as short |
| KuCoin NILUSDTMlong | +0.0150% | 4h | 0.07709 | long leg | $590K | $554K | 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 | +0.0166% | 4h | 0.07699 | −0.130% | $493K | $1.4M | 50x | as long as short |
| Hyperliquid NIL | +0.1672% | 1h | 0.07719 | +0.132% | $5.0M | $4.6M | 3x | as long as short |
Gate NIL_USDT
Hyperliquid NIL