NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0164%/8h= +18.0% APRnext payment +$0.82 per $10,000 · paid last 24h +0.014%

Price spread now: Bybit against KuCoin+0.160%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$285as in the Funding arb table

Net, price: spread back to 7d avg − costs−$268as in the Price arb table

costs, in and out, $10k−$2902.903% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.198%−$20 · spread now +0.160%, 7d avg −0.063%

Together, before fees−0.140%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Bybit is 0.223% dearer against KuCoin than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOTUSDTM	0.0004992	−0.0064	get 0.0032% / 4h	2h 21m	$476K	$136K	50x
Short	Bybit NOTUSDT	0.0005000	0.0100	get 0.0050% / 4h	2h 21m	$2.1M	$897K	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BybitbpOrdersPrice spread, now +0.160%Rate

Funding earned: $34.44
Price spread: +0.160% → −0.063%: $22.33
Slippage, 4 orders: −$267.33
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$233.57
Costs to cover: 2.903%
Break-even: 54.5 days

Slippage from KuCoin: live order book, 36 min ago; Bybit: live order book, 5 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, 36 min ago	9.00 bp	109.0 bp −$109	699.5 bp −$6,995	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.02 bp	38.8 bp −$39	180.9 bp −$1,809	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	−0.0152%	4h	0.0004969	−0.457%	$71K	$38K	—	as long as short
KuCoin NOTUSDTMlong	−0.0064%	4h	0.0004992	long leg	$476K	$136K	50x
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.364%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005010	+0.365%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005000	+0.160%	$336K	$68K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005003	+0.222%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005005	+0.270%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDTshort	+0.0100%	4h	0.0005000	+0.160%	$2.1M	$897K	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005001	+0.180%	$636K	$699K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005000	+0.160%	$138K	$73K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005004	+0.240%	$1.3M	$450K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005007	+0.300%	$653K	$487K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005005	+0.260%	—	$730K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005003	+0.214%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0137%	4h	0.0004989	−0.060%	$109K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1687%	1h	0.0005020	+0.551%	$49K	$9K	10x	as long as short