Funding you earn now, next payment 16:00 UTC+0.0694%/8h= +76.0% APRnext payment +$3.47 per $10,000 · paid last 24h +0.141%
Price spread now: KuCoin against Bybit−0.256%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$639as in the Funding arb table
Net, price: spread back to 7d avg − costs−$687as in the Price arb table
costs, in and out, $10k−$6636.633% of the position
Funding, last 7 days+0.246%+$25 on $10k
+Price spread, last 7 days+0.072%+$7 · spread now −0.256%, 7d avg −0.022%
=Funding pays, the price is against you. KuCoin is 0.234% cheaper against Bybit than usual: you would sell low and buy high (spread −0.256% now, against its 7-day average of −0.022%). If the spread goes back, that is −$23 on $10k: about 27 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.246% in total) that is about 6.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.246% in total (about 12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.47 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PTBUSDT | 0.0009772 | 0.0416 | pay 0.0208% / 4h | 3h 24m | $1.5M | $10.4M | 25x |
| Short | KuCoin PTBUSDTM | 0.0009747 | 0.1110 | get 0.0555% / 4h | 3h 24m | $1.4M | $5.0M | 20x |
Bybit PTBUSDT
KuCoin PTBUSDTMFunding 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
- $145.79
- Price spread: −0.256% → −0.022%
- −$23.39
- Slippage, 4 orders
- −$640.32
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$540.92
- Costs to cover
- 6.633%
- Break-even
- 33.0 days
Slippage from Bybit: live order book, 6 min ago; KuCoin: live order book, 6 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, 6 min ago | 2.58 bp | 182.4 bp −$182 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 8.78 bp | 157.2 bp −$157 | doesn't fit | doesn't fit | doesn't fit |
PTB on 10 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni PTB | +0.0205% | 4h | 0.0009734 | −0.390% | $24K | $58K | — | as long as short |
| Bybit PTBUSDTlong | +0.0416% | 4h | 0.0009772 | long leg | $1.5M | $10.4M | 25x | |
| BingX PTB-USDT | +0.0524% | 4h | 0.0009779 | +0.072% | — | $1.8M | — | as long as short |
| Gate PTB_USDT | +0.0566% | 4h | 0.0009750 | −0.225% | $1.6M | $2.8M | 25x | as long as short |
| Extended kPTB-USD | +0.0888% | 1h | 0.0009751 | −0.218% | $3K | $16K | 5x | as long as short |
| Binance PTBUSDT | +0.0891% | 4h | 0.0009770 | −0.020% | $6.8M | $65.1M | 20x | as long as short |
| MEXC PTB_USDT | +0.0894% | 4h | 0.0009770 | −0.020% | $301K | $390K | 20x | as long as short |
| Aster PTBUSDT | +0.0911% | 4h | 0.0009768 | −0.041% | $57K | $534K | 5x | as long as short |
| BloFin PTB-USDT | +0.0929% | 4h | 0.0009743 | −0.297% | $399K | $245K | 20x | as long as short |
| KuCoin PTBUSDTMshort | +0.1110% | 4h | 0.0009747 | −0.256% | $1.4M | $5.0M | 20x |
Variational Omni PTB
BingX PTB-USDT
Gate PTB_USDT
Extended kPTB-USD
Binance PTBUSDT
MEXC PTB_USDT
Aster PTBUSDT
BloFin PTB-USDT