Funding you earn now, next payment 04:00 UTC−0.0186%/8h= −20.3% APRnext payment −$0.93 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit−0.073%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$351as in the Funding arb table
Net, price: spread back to 7d avg − costs−$353as in the Price arb table
costs, in and out, $10k−$3513.509% of the position
Funding, last 7 days−0.005%$0 on $10k
+Price spread, last 4 days (all we have)−0.083%−$8 · spread now −0.073%, 7d avg −0.053%
=The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: −$6 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 -0.005% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.93 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 PIXELUSDT | 0.005449 | 0.0286 | pay 0.0143% / 4h | 33m 33s | $525K | $181K | 25x |
| Short | KuCoin PIXELUSDTM | 0.005445 | 0.0100 | get 0.0050% / 4h | 33m 33s | $357K | $65K | 25x |
Bybit PIXELUSDT
KuCoin PIXELUSDTMFunding 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
- −$38.99
- Price spread: −0.073% → −0.053%
- −$2
- Slippage, 4 orders
- −$327.87
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$391.86
- Costs to cover
- 3.509%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 16 min ago; KuCoin: live order book, 48 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, 16 min ago | 6.45 bp | 86.2 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 48 min ago | 14.60 bp | 132.7 bp −$133 | doesn't fit | doesn't fit | doesn't fit |
PIXEL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PIXELUSDT | +0.0100% | 4h | 0.005446 | −0.049% | $4K | $4K | 5x | as long as short |
| Binance PIXELUSDT | +0.0100% | 4h | 0.005449 | 0.000% | $1.8M | $1.7M | 25x | as long as short |
| Gate PIXEL_USDT | +0.0100% | 4h | 0.005444 | −0.092% | $153K | $39K | 50x | as long as short |
| MEXC PIXEL_USDT | +0.0100% | 4h | 0.005449 | 0.000% | $904K | $209K | 20x | as long as short |
| KuCoin PIXELUSDTMshort | +0.0100% | 4h | 0.005445 | −0.073% | $357K | $65K | 25x | |
| Bitget PIXELUSDT | +0.0100% | 4h | 0.005449 | 0.000% | $582K | $382K | 25x | as long as short |
| Variational Omni PIXEL | +0.0100% | 4h | 0.005433 | −0.293% | $1K | $254 | — | as long as short |
| BloFin PIXEL-USDT | +0.0158% | 4h | 0.005429 | −0.367% | $115K | $9K | 50x | as long as short |
| Bybit PIXELUSDTlong | +0.0286% | 4h | 0.005449 | long leg | $525K | $181K | 25x | |
| BingX PIXEL-USDT | +0.0306% | 4h | 0.005448 | −0.018% | — | $1.3M | — | as long as short |
Aster PIXELUSDT
Binance PIXELUSDT
Gate PIXEL_USDT
MEXC PIXEL_USDT
Bitget PIXELUSDT
Variational Omni PIXEL
BloFin PIXEL-USDT
BingX PIXEL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PIXELUSD | +0.9164% | 1h | 0.005482 | +0.611% | $5K | $1K | 10x | as long as short |
Kraken Futures PF_PIXELUSD