Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%
Price spread now: KuCoin against Bybit+0.024%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$740.742% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 7 days−0.072%−$7 · spread now +0.024%, 7d avg +0.009%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPUSDT | 0.1271 | 0.0100 | pay 0.0100% / 8h | 4h 25m | $18.6M | $24.9M | 75x |
| Short | KuCoin OPUSDTM | 0.1271 | 0.0100 | get 0.0100% / 8h | 4h 25m | $2.9M | $6.5M | 75x |
Bybit OPUSDT
KuCoin OPUSDTMFunding 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
- Price spread: +0.024% → +0.009%
- $1.42
- Slippage, 4 orders
- −$51.16
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$72.74
- Costs to cover
- 0.742%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; KuCoin: 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 Bybit live order book, 3 min ago | 0.39 bp | 11.5 bp −$11 | 27.4 bp −$274 | 141.3 bp −$14.1K | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 3.94 bp | 28.6 bp −$29 | 77.5 bp −$775 | doesn't fit | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1607% | 1h | 0.1263 | −0.606% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1273 | +0.199% | $13K | — | 100x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1272 | +0.091% | $39K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1273 | +0.181% | $42K | $140K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1273 | +0.190% | — | — | 150x | as long as short |
| OKX OP-USDT-SWAP | +0.0045% | 8h | 0.1271 | +0.031% | $6.2M | $28.7M | 50x | as long as short |
| Orderly PERP_OP_USDC | +0.0054% | 8h | 0.1274 | +0.260% | $6K | $45K | 10x | as long as short |
| Variational Omni OP | +0.0060% | 8h | 0.1270 | −0.093% | $224K | $48K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1273 | +0.165% | $280K | $941K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1272 | +0.102% | $3.7M | $2.8M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
OKX OP-USDT-SWAP
Orderly PERP_OP_USDC
Variational Omni OP
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1273 | +0.189% | $213K | $219K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1272 | +0.123% | $20.6M | $60.2M | 75x | as long as short |
| Bybit OPUSDTlong | +0.0100% | 8h | 0.1271 | long leg | $18.6M | $24.9M | 75x | |
| Gate OP_USDT | +0.0100% | 8h | 0.1272 | +0.079% | $2.0M | $1.4M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1272 | +0.087% | $21.5M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTMshort | +0.0100% | 8h | 0.1271 | +0.024% | $2.9M | $6.5M | 75x | |
| Bitget OPUSDT | +0.0100% | 8h | 0.1271 | +0.024% | $5.9M | $6.4M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1272 | +0.102% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1271 | +0.016% | $125K | $199K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1269 | −0.144% | $4K | $385K | 10x | as long as short |
| GRVT OP_USDT_Perp | +0.0100% | 8h | 0.1271 | −0.015% | $318K | $5.1M | 10x | as long as short |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1269 | −0.134% | $44K | $711K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1273 | +0.173% | $204 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1273 | +0.181% | $175K | $226K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1272 | +0.129% | $104K | $394K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1273 | +0.172% | $3K | $1K | 3x | as long as short |
| Coinbase International OP-PERP-INTX | +0.0168% | 1h | 0.1262 | −0.685% | $24K | $63K | 50x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1271 | +0.047% | $999K | $280K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0346% | 1h | 0.1273 | +0.218% | $792K | $547K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0441% | 1h | 0.1273 | +0.218% | $708 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Gate OP_USDT
MEXC OP_USDT
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
GRVT OP_USDT_Perp
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
Coinbase International OP-PERP-INTX
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP