Funding you earn now, next payment 04:00 UTC+0.0655%/8h= +71.7% APRnext payment +$3.28 per $10,000 · paid last 24h +0.028%
Price spread now: Bybit against KuCoin−0.014%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,188as in the Price arb table
costs, in and out, $10k−$1,18611.863% of the position
Funding, last 7 days+0.028%+$3 on $10k
+Price spread, last 7 days−0.058%−$6 · spread now −0.014%, 7d avg +0.003%
=The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.028% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.28 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 | KuCoin OPENUSDTM | 0.1445 | 0.0100 | pay 0.0050% / 4h | 1h 42m | $2.4M | $47K | 30x |
| Short | Bybit OPENUSDT | 0.1445 | 0.0755 | get 0.0378% / 4h | 1h 42m | $1.5M | $681K | 25x |
KuCoin OPENUSDTM
Bybit OPENUSDTFunding 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
- $137.57
- Price spread: −0.014% → +0.003%
- −$1.66
- Slippage, 4 orders
- −$1,163.33
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,050.42
- Costs to cover
- 11.863%
- Break-even
- 60.5 days
Slippage from KuCoin: live order book, 4 min ago; Bybit: live order book, 4 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, 4 min ago | 16.99 bp | 329.3 bp −$329 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.43 bp | 212.0 bp −$212 | doesn't fit | 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 | +0.0093% | 4h | 0.1444 | −0.076% | $677K | $12K | 75x | as long as short |
| Aster OPENUSDT | +0.0100% | 4h | 0.1443 | −0.146% | $252K | $4K | 5x | as long as short |
| Binance OPENUSDT | +0.0100% | 4h | 0.1443 | −0.145% | $7.2M | $2.5M | 75x | as long as short |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1444 | −0.076% | $828K | $207K | 75x | as long as short |
| KuCoin OPENUSDTMlong | +0.0100% | 4h | 0.1445 | long leg | $2.4M | $47K | 30x | |
| Bitget OPENUSDT | +0.0100% | 4h | 0.1442 | −0.215% | $2.2M | $187K | 20x | as long as short |
| Extended OPEN-USD | +0.0104% | 1h | 0.1443 | −0.173% | $8K | $105K | 5x | as long as short |
| Bybit OPENUSDTshort | +0.0755% | 4h | 0.1445 | −0.014% | $1.5M | $681K | 25x | |
| Kraken Futures PF_OPENUSD | +0.0954% | 1h | 0.1443 | −0.155% | $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