Funding you earn now, next payment 08:00 UTC−0.0408%/8h= −44.7% APRnext payment −$2.04 per $10,000 · paid last 24h −0.044%
Price spread now: KuCoin against Bybit+0.097%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$883as in the Funding arb table
Net, price: spread back to 7d avg − costs−$869as in the Price arb table
costs, in and out, $10k−$8798.789% of the position
Funding, last 7 days−0.044%−$4 on $10k
+Price spread, last 7 days+0.007%+$1 · spread now +0.097%, 7d avg −0.003%
=The price spread pays, funding is against you. KuCoin is 0.100% dearer against Bybit than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of −0.003%): +$10 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.044% in total) that is about 16 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.044% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.04 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 OPENUSDT | 0.1446 | 0.0508 | pay 0.0254% / 4h | 2h 20m | $1.5M | $738K | 25x |
| Short | KuCoin OPENUSDTM | 0.1447 | 0.0100 | get 0.0050% / 4h | 2h 20m | $2.4M | $55K | 30x |
Bybit OPENUSDT
KuCoin OPENUSDTMFunding 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
- −$85.78
- Price spread: +0.097% → −0.003%
- $10
- Slippage, 4 orders
- −$855.89
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$954.68
- Costs to cover
- 8.789%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 6 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, 5 min ago | 4.51 bp | 205.8 bp −$206 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 20.79 bp | 256.3 bp −$256 | 669.9 bp −$6,699 | doesn't fit | doesn't fit |
OPEN on 9 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 OPEN-USDT | +0.0066% | 4h | 0.1443 | −0.180% | $672K | $12K | 75x | as long as short |
| Aster OPENUSDT | +0.0100% | 4h | 0.1443 | −0.166% | $252K | $4K | 5x | as long as short |
| Binance OPENUSDT | +0.0100% | 4h | 0.1444 | −0.111% | $7.2M | $2.5M | 75x | as long as short |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1445 | −0.042% | $825K | $202K | 75x | as long as short |
| KuCoin OPENUSDTMshort | +0.0100% | 4h | 0.1447 | +0.097% | $2.4M | $55K | 30x | |
| Bitget OPENUSDT | +0.0100% | 4h | 0.1445 | −0.042% | $2.2M | $161K | 20x | as long as short |
| Extended OPEN-USD | +0.0104% | 1h | 0.1442 | −0.222% | $2K | $190K | 5x | as long as short |
| Bybit OPENUSDTlong | +0.0508% | 4h | 0.1446 | long leg | $1.5M | $738K | 25x | |
| Kraken Futures PF_OPENUSD | +0.0961% | 1h | 0.1442 | −0.272% | $14K | $55K | 10x | as long as short |
BloFin OPEN-USDT
Aster OPENUSDT
Binance OPENUSDT
Gate OPEN_USDT
Bitget OPENUSDT
Extended OPEN-USD
Kraken Futures PF_OPENUSD