Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%
Price spread now: Bybit against KuCoin+0.005%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$484as in the Funding arb table
Net, price: spread back to 7d avg − costs−$475as in the Price arb table
costs, in and out, $10k−$4694.692% of the position
Funding, last 7 days−0.150%−$15 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.005%, 7d avg +0.059%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.054% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.059%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PORTALUSDTM | 0.02028 | 0.0100 | pay 0.0050% / 4h | 2h 58m | $334K | $104K | 10x |
| Short | Bybit PORTALUSDT | 0.02028 | 0.0100 | get 0.0050% / 4h | 2h 58m | $1.3M | $862K | 20x |
KuCoin PORTALUSDTM
Bybit PORTALUSDTFunding 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
- $0
- Price spread: +0.005% → +0.059%
- −$5.42
- Slippage, 4 orders
- −$446.17
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$474.59
- Costs to cover
- 4.692%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 24 min ago; Bybit: live order book, 2 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, 24 min ago | 4.95 bp | 117.8 bp −$118 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.46 bp | 115.0 bp −$115 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin PORTAL-USDT | +0.0086% | 4h | 0.02031 | +0.148% | $211K | $21K | 10x | as long as short |
| Aster PORTALUSDT | +0.0100% | 4h | 0.02026 | −0.104% | $9K | $32K | 5x | as long as short |
| Binance PORTALUSDT | +0.0100% | 4h | 0.02025 | −0.156% | $3.3M | $5.2M | 10x | as long as short |
| Bybit PORTALUSDTshort | +0.0100% | 4h | 0.02028 | +0.005% | $1.3M | $862K | 20x | |
| MEXC PORTAL_USDT | +0.0100% | 4h | 0.02023 | −0.247% | $1.0M | $402K | 50x | as long as short |
| KuCoin PORTALUSDTMlong | +0.0100% | 4h | 0.02028 | long leg | $334K | $104K | 10x | |
| BingX PORTAL-USDT | +0.0100% | 4h | 0.02028 | 0.000% | — | $1.3M | — | as long as short |
| Variational Omni PORTAL | +0.0100% | 4h | 0.02034 | +0.280% | $1K | $7K | — | as long as short |
| Kraken Futures PF_PORTALUSD | +0.0919% | 1h | 0.02029 | +0.073% | $35K | $199K | 10x | as long as short |
BloFin PORTAL-USDT
Aster PORTALUSDT
Binance PORTALUSDT
MEXC PORTAL_USDT
BingX PORTAL-USDT
Variational Omni PORTAL
Kraken Futures PF_PORTALUSD