Funding you earn now, next payment 04:00 UTC−0.0324%/8h= −35.5% APRnext payment −$1.62 per $10,000 · paid last 24h +0.012%
Price spread now: KuCoin against Bybit−0.099%7-day average +0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$266as in the Funding arb table
Net, price: spread back to 7d avg − costs−$277as in the Price arb table
costs, in and out, $10k−$2602.605% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.099%, 7d avg +0.068%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and KuCoin is 0.167% cheaper against Bybit than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.068%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.62 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 NOTUSDT | 0.0005062 | 0.0100 | pay 0.0050% / 4h | 24m 59s | $2.1M | $857K | 25x |
| Short | KuCoin NOTUSDTM | 0.0005057 | −0.0224 | pay 0.0112% / 4h | 24m 59s | $471K | $128K | 50x |
Bybit NOTUSDT
KuCoin NOTUSDTMFunding 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
- −$68.04
- Price spread: −0.099% → +0.068%
- −$16.67
- Slippage, 4 orders
- −$237.45
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$345.16
- Costs to cover
- 2.605%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 58 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, 2 min ago | 2.96 bp | 31.3 bp −$31 | 232.2 bp −$2,322 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 58 min ago | 14.77 bp | 100.9 bp −$101 | 327.7 bp −$3,277 | doesn't fit | doesn't fit |
NOT on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NOT | −0.0348% | 4h | 0.0005058 | −0.078% | $72K | $39K | — | as long as short |
| KuCoin NOTUSDTMshort | −0.0224% | 4h | 0.0005057 | −0.099% | $471K | $128K | 50x | |
| Injective NOT/USDC PERP | +0.0033% | 1h | 0.0004874 | −3.714% | $1K | $13K | 5.5x | as long as short |
| Lighter 1000NOT | +0.0096% | 1h | 0.0005081 | +0.379% | $11K | $4K | 3x | as long as short |
| BloFin NOT-USDT | +0.0100% | 4h | 0.0005064 | +0.040% | $110K | $16K | 50x | as long as short |
| Hyperliquid NOT | +0.0100% | 1h | 0.0005070 | +0.158% | $360K | $57K | 3x | as long as short |
| Aster NOTUSDT | +0.0100% | 4h | 0.0005068 | +0.111% | $14K | $9K | 5x | as long as short |
| Binance NOTUSDT | +0.0100% | 4h | 0.0005073 | +0.209% | $2.1M | $3.1M | 50x | as long as short |
| Bybit NOTUSDTlong | +0.0100% | 4h | 0.0005062 | long leg | $2.1M | $857K | 25x | |
| OKX NOT-USDT-SWAP | +0.0100% | 4h | 0.0005069 | +0.138% | $643K | $672K | 20x | as long as short |
Variational Omni NOT
Injective NOT/USDC PERP
Lighter 1000NOT
BloFin NOT-USDT
Hyperliquid NOT
Aster NOTUSDT
Binance NOTUSDT
OKX NOT-USDT-SWAPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate NOT_USDT | +0.0100% | 4h | 0.0005060 | −0.040% | $140K | $70K | 50x | as long as short |
| MEXC NOT_USDT | +0.0100% | 4h | 0.0005073 | +0.217% | $1.3M | $433K | 200x | as long as short |
| Bitget NOTUSDT | +0.0100% | 4h | 0.0005073 | +0.217% | $672K | $416K | 50x | as long as short |
| BingX NOT-USDT | +0.0100% | 4h | 0.0005067 | +0.099% | — | $8.8M | — | as long as short |
| Extended kNOT-USD | +0.0104% | 1h | 0.0005067 | +0.089% | $4K | — | 5x | as long as short |
| Kraken Futures PF_NOTUSD | +0.1699% | 1h | 0.0005083 | +0.420% | $50K | $9K | 10x | as long as short |
Gate NOT_USDT
MEXC NOT_USDT
Bitget NOTUSDT
BingX NOT-USDT
Extended kNOT-USD
Kraken Futures PF_NOTUSD