Funding you earn now, next payment 08:00 UTC+0.0082%/8h= +9.0% APRnext payment +$0.41 per $10,000 · paid last 24h +0.020%
Price spread now: KuCoin against Bybit+0.020%7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$404as in the Funding arb table
Net, price: spread back to 7d avg − costs−$412as in the Price arb table
costs, in and out, $10k−$4194.195% of the position
Funding, last 7 days+0.150%+$15 on $10k
+Price spread, last 4 days (all we have)−0.051%−$5 · spread now +0.020%, 7d avg −0.054%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.074% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PORTALUSDT | 0.01987 | 0.0100 | pay 0.0050% / 4h | 3h 47m | $1.3M | $894K | 20x |
| Short | KuCoin PORTALUSDTM | 0.01987 | 0.0182 | get 0.0091% / 4h | 3h 47m | $338K | $115K | 10x |
Bybit PORTALUSDT
KuCoin PORTALUSDTMFunding 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
- $17.22
- Price spread: +0.020% → −0.054%
- $7.4
- Slippage, 4 orders
- −$396.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$394.88
- Costs to cover
- 4.195%
- Break-even
- 167.5 days
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 25 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 | 3.27 bp | 80.2 bp −$80 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 25 min ago | 10.05 bp | 148.8 bp −$149 | doesn't fit | doesn't fit | doesn't fit |
PORTAL 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PORTALUSDT | +0.0100% | 4h | 0.01985 | −0.079% | $13K | $41K | 5x | as long as short |
| Binance PORTALUSDT | +0.0100% | 4h | 0.01985 | −0.081% | $3.2M | $5.2M | 10x | as long as short |
| Bybit PORTALUSDTlong | +0.0100% | 4h | 0.01987 | long leg | $1.3M | $894K | 20x | |
| MEXC PORTAL_USDT | +0.0100% | 4h | 0.01985 | −0.081% | $892K | $379K | 50x | as long as short |
| BingX PORTAL-USDT | +0.0100% | 4h | 0.01986 | −0.030% | — | $1.3M | — | as long as short |
| Variational Omni PORTAL | +0.0100% | 4h | 0.01988 | +0.061% | $1K | $6K | — | as long as short |
| BloFin PORTAL-USDT | +0.0137% | 4h | 0.01985 | −0.081% | $205K | $18K | 10x | as long as short |
| KuCoin PORTALUSDTMshort | +0.0182% | 4h | 0.01987 | +0.020% | $338K | $115K | 10x | |
| Kraken Futures PF_PORTALUSD | +0.1413% | 1h | 0.01986 | −0.014% | $36K | $193K | 10x | as long as short |
Aster PORTALUSDT
Binance PORTALUSDT
MEXC PORTAL_USDT
BingX PORTAL-USDT
Variational Omni PORTAL
BloFin PORTAL-USDT
Kraken Futures PF_PORTALUSD