Funding you earn now, next payment 00:00 UTC−0.1054%/8h= −115.4% APRnext payment −$5.27 per $10,000 · paid last 24h −0.046%
Price spread now: Bybit against KuCoin−0.143%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$625as in the Funding arb table
Net, price: spread back to 7d avg − costs−$624as in the Price arb table
costs, in and out, $10k−$6066.063% of the position
Funding, last 7 days−0.183%−$18 on $10k
+Price spread, last 4 days (all we have)−0.105%−$11 · spread now −0.143%, 7d avg +0.034%
=Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Bybit is 0.178% cheaper against KuCoin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.034%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.183% in total (about -9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.27 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 PTBUSDTM | 0.001257 | 0.1154 | pay 0.0577% / 4h | 1h 36m | $2.0M | $8.6M | 20x |
| Short | Bybit PTBUSDT | 0.001255 | 0.0100 | get 0.0050% / 4h | 1h 36m | $2.0M | $27.3M | 25x |
KuCoin PTBUSDTM
Bybit PTBUSDTFunding 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
- −$221.34
- Price spread: −0.143% → +0.034%
- −$17.76
- Slippage, 4 orders
- −$583.33
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$845.43
- Costs to cover
- 6.063%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 3 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, 2 min ago | 7.85 bp | 169.4 bp −$169 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 6.34 bp | 121.7 bp −$122 | 562.0 bp −$5,620 | doesn't fit | doesn't fit |
PTB 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PTBUSDTshort | +0.0100% | 4h | 0.001255 | −0.143% | $2.0M | $27.3M | 25x | |
| Variational Omni PTB | +0.0100% | 4h | 0.001237 | −1.610% | $26K | $55K | — | as long as short |
| BingX PTB-USDT | +0.0990% | 4h | 0.001255 | −0.143% | — | $2.5M | — | as long as short |
| BloFin PTB-USDT | +0.1026% | 4h | 0.001254 | −0.231% | $518K | $1.1M | 20x | as long as short |
| MEXC PTB_USDT | +0.1070% | 4h | 0.001257 | +0.016% | $464K | $1.2M | 20x | as long as short |
| Aster PTBUSDT | +0.1081% | 4h | 0.001256 | −0.047% | $76K | $1.0M | 5x | as long as short |
| Binance PTBUSDT | +0.1087% | 4h | 0.001256 | −0.070% | $9.3M | $183.4M | 20x | as long as short |
| Extended kPTB-USD | +0.1088% | 1h | 0.001256 | −0.034% | $4K | $45K | 5x | as long as short |
| KuCoin PTBUSDTMlong | +0.1154% | 4h | 0.001257 | long leg | $2.0M | $8.6M | 20x | |
| Gate PTB_USDT | +0.1522% | 4h | 0.001256 | −0.048% | $2.1M | $7.6M | 25x | as long as short |
Variational Omni PTB
BingX PTB-USDT
BloFin PTB-USDT
MEXC PTB_USDT
Aster PTBUSDT
Binance PTBUSDT
Extended kPTB-USD
Gate PTB_USDT