Funding you earn now, next payment 12:00 UTC−0.1169%/8h= −128.0% APRnext payment −$5.84 per $10,000 · paid last 24h −0.346%
Price spread now: KuCoin against Bybit+0.298%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,143as in the Price arb table
costs, in and out, $10k−$1,16911.686% of the position
Funding, last 7 days+0.149%+$15 on $10k
+Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.298%, 7d avg +0.043%
=The price spread pays, funding is against you. KuCoin is 0.254% dearer against Bybit than usual: you sell high and buy low (spread +0.298% now, against its 7-day average of +0.043%): +$25 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 17 hours. Mind the row above: over the last 7 days funding on this pair paid +0.149%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.149% in total (about 7.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.84 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 POWRUSDT | 0.06384 | 0.1269 | pay 0.0634% / 4h | 2h 57m | $917K | $535K | 13x |
| Short | KuCoin POWRUSDTM | 0.06403 | 0.0100 | get 0.0050% / 4h | 2h 57m | $645K | $104K | 30x |
Bybit POWRUSDT
KuCoin POWRUSDTMFunding 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
- −$245.42
- Price spread: +0.298% → +0.043%
- $25.43
- Slippage, 4 orders
- −$1,145.61
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,388.6
- Costs to cover
- 11.686%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 58 min ago; KuCoin: live order book, 36 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, 58 min ago | 3.93 bp | 88.9 bp −$89 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 36 min ago | 22.74 bp | 598.1 bp −$598 | doesn't fit | doesn't fit | doesn't fit |
POWR on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX POWR-USDT | +0.0070% | 4h | 0.06390 | +0.094% | — | $1.3M | — | as long as short |
| Aster POWRUSDT | +0.0100% | 4h | 0.06392 | +0.131% | $13K | $44K | 5x | as long as short |
| Binance POWRUSDT | +0.0100% | 4h | 0.06391 | +0.110% | $1.4M | $2.2M | 50x | as long as short |
| Gate POWR_USDT | +0.0100% | 4h | 0.06371 | −0.204% | $106K | $26K | 10x | as long as short |
| MEXC POWR_USDT | +0.0100% | 4h | 0.06388 | +0.063% | $1.1M | $110K | 50x | as long as short |
| KuCoin POWRUSDTMshort | +0.0100% | 4h | 0.06403 | +0.298% | $645K | $104K | 30x | |
| Bitget POWRUSDT | +0.0100% | 4h | 0.06384 | 0.000% | $372K | $203K | 50x | as long as short |
| Variational Omni POWR | +0.0604% | 4h | 0.06390 | +0.099% | $511 | $2K | — | as long as short |
| Bybit POWRUSDTlong | +0.1269% | 4h | 0.06384 | long leg | $917K | $535K | 13x | |
| Kraken Futures PF_POWRUSD | +0.1706% | 1h | 0.06424 | +0.630% | $16K | $11K | 10x | as long as short |
BingX POWR-USDT
Aster POWRUSDT
Binance POWRUSDT
Gate POWR_USDT
MEXC POWR_USDT
Bitget POWRUSDT
Variational Omni POWR
Kraken Futures PF_POWRUSD