Funding you earn now, next payment 12:00 UTC+0.0304%/8h= +33.3% APRnext payment +$1.52 per $10,000 · paid last 24h +0.346%
Price spread now: Bybit against KuCoin−0.172%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,181as 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)+0.078%+$8 · spread now −0.172%, 7d avg −0.043%
=Funding pays, the price is against you. Bybit is 0.129% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.172% now, against its 7-day average of −0.043%). If the spread goes back, that is −$13 on $10k: about 34 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.149%, so the current rate has only just turned in your favour.
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 +$1.52 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 POWRUSDTM | 0.06388 | 0.0100 | pay 0.0050% / 4h | 3h 22m | $643K | $104K | 30x |
| Short | Bybit POWRUSDT | 0.06377 | 0.0404 | get 0.0202% / 4h | 3h 22m | $918K | $540K | 13x |
KuCoin POWRUSDTM
Bybit POWRUSDTFunding 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
- $63.81
- Price spread: −0.172% → −0.043%
- −$12.89
- Slippage, 4 orders
- −$1,145.61
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,117.69
- Costs to cover
- 11.686%
- Break-even
- 129.6 days
Slippage from KuCoin: live order book, 12 min ago; Bybit: live order book, 33 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, 12 min ago | 22.74 bp | 377.5 bp −$377 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 33 min ago | 3.93 bp | 104.2 bp −$104 | 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 | 0.06380 | −0.125% | — | $1.3M | — | as long as short |
| Aster POWRUSDT | +0.0100% | 4h | 0.06377 | −0.175% | $13K | $44K | 5x | as long as short |
| Binance POWRUSDT | +0.0100% | 4h | 0.06384 | −0.063% | $1.4M | $2.2M | 50x | as long as short |
| Gate POWR_USDT | +0.0100% | 4h | 0.06352 | −0.564% | $106K | $28K | 10x | as long as short |
| MEXC POWR_USDT | +0.0100% | 4h | 0.06384 | −0.063% | $1.1M | $112K | 50x | as long as short |
| KuCoin POWRUSDTMlong | +0.0100% | 4h | 0.06388 | long leg | $643K | $104K | 30x | |
| Bitget POWRUSDT | +0.0100% | 4h | 0.06376 | −0.188% | $372K | $202K | 50x | as long as short |
| Bybit POWRUSDTshort | +0.0404% | 4h | 0.06377 | −0.172% | $918K | $540K | 13x | |
| Variational Omni POWR | +0.0450% | 4h | 0.06342 | −0.724% | $508 | $2K | — | as long as short |
| Kraken Futures PF_POWRUSD | +0.1178% | 1h | 0.06411 | +0.368% | $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