Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.50 per $10,000 · paid last 24h +0.016%
Price spread now: KuCoin against Bybit+0.126%7-day average +0.023% · you sell dearer than you buy
Net, funding: paid 7d − costs−$262as in the Funding arb table
Net, price: spread back to 7d avg − costs−$258as in the Price arb table
costs, in and out, $10k−$2682.678% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 7 days−0.057%−$6 · spread now +0.126%, 7d avg +0.023%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.103% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.023%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit PYTHUSDT | 0.06325 | 0 | get 0.0000% / 4h | 27m 26s | $7.5M | $4.8M | 50x |
| Short | KuCoin PYTHUSDTM | 0.06333 | 0.0100 | get 0.0050% / 4h | 27m 26s | $1.5M | $314K | 50x |
Bybit PYTHUSDT
KuCoin PYTHUSDTMFunding 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
- $21
- Price spread: +0.126% → +0.023%
- $10.32
- Slippage, 4 orders
- −$244.85
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$236.52
- Costs to cover
- 2.678%
- Break-even
- 85.8 days
Slippage from Bybit: live order book, 1 min ago; KuCoin: 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 Bybit live order book, 1 min ago | 3.16 bp | 23.4 bp −$23 | 86.4 bp −$864 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 7.11 bp | 105.5 bp −$106 | 704.4 bp −$7,044 | doesn't fit | doesn't fit |
PYTH on 23 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_PYTHUSD | −0.0398% | 1h | 0.06329 | +0.069% | $377K | $264K | 25x | as long as short |
| BloFin PYTH-USDT | −0.0160% | 4h | 0.06318 | −0.111% | $421K | $114K | 75x | as long as short |
| Binance PYTHUSDT | −0.0155% | 4h | 0.06322 | −0.046% | $9.0M | $17.1M | 75x | as long as short |
| MEXC PYTH_USDT | −0.0154% | 4h | 0.06323 | −0.032% | $9.5M | $2.4M | 125x | as long as short |
| dYdX PYTH-USD | 0.0000% | 1h | 0.06329 | +0.061% | $188K | $19 | 5x | as long as short |
| Bybit PYTHUSDTlong | 0.0000% | 4h | 0.06325 | long leg | $7.5M | $4.8M | 50x | |
| Deribit PYTH_USDC-PERPETUAL | 0.0000% | 1h | 0.06332 | +0.111% | $10K | $10K | 10x | as long as short |
| Aster PYTHUSDT | +0.0011% | 4h | 0.06334 | +0.140% | $22K | $44K | 10x | as long as short |
| Gate PYTH_USDT | +0.0032% | 4h | 0.06321 | −0.063% | $1.1M | $474K | 75x | as long as short |
| Injective PYTH/USDC PERP | +0.0033% | 1h | 0.06260 | −1.028% | $553 | $220K | 5.5x | as long as short |
Kraken Futures PF_PYTHUSD
BloFin PYTH-USDT
Binance PYTHUSDT
MEXC PYTH_USDT
dYdX PYTH-USD
Deribit PYTH_USDC-PERPETUAL
Aster PYTHUSDT
Gate PYTH_USDT
Injective PYTH/USDC PERPShow all 23 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo PYTH-PERP | +0.0040% | 1h | 0.06327 | +0.024% | $23K | — | 3x | as long as short |
| Lighter PYTH | +0.0096% | 1h | 0.06331 | +0.095% | $200K | $217K | 5x | as long as short |
| Paradex PYTH-USD-PERP | +0.0100% | 8h | 0.06320 | −0.072% | $3K | $56 | 10x | as long as short |
| Hyperliquid PYTH | +0.0100% | 1h | 0.06329 | +0.068% | $1.7M | $1.5M | 5x | as long as short |
| OKX PYTH-USDT-SWAP | +0.0100% | 4h | 0.06325 | 0.000% | $2.1M | $3.4M | 50x | as long as short |
| KuCoin PYTHUSDTMshort | +0.0100% | 4h | 0.06333 | +0.126% | $1.5M | $314K | 50x | |
| Bitget PYTHUSDT | +0.0100% | 4h | 0.06324 | −0.016% | $2.6M | $2.0M | 75x | as long as short |
| BingX PYTH-USDT | +0.0100% | 4h | 0.06323 | −0.032% | — | $2.8M | — | as long as short |
| Variational Omni PYTH | +0.0100% | 4h | 0.06331 | +0.099% | $44K | $23K | — | as long as short |
| Orderly PERP_PYTH_USDC_mythos | +0.0100% | 4h | 0.06324 | −0.022% | $3K | $1K | 10x | as long as short |
| Coinbase International PYTH-PERP-INTX | +0.0176% | 1h | 0.06328 | +0.047% | $39K | $6K | 25x | as long as short |
| Reya PYTHRUSDPERP | +0.0302% | 1h | 0.06322 | −0.043% | — | — | 20x | as long as short |
| Backpack PYTH_USDC_PERP | +0.0537% | 1h | 0.06332 | +0.112% | $36K | $89K | 10x | as long as short |
Aevo PYTH-PERP
Lighter PYTH
Paradex PYTH-USD-PERP
Hyperliquid PYTH
OKX PYTH-USDT-SWAP
Bitget PYTHUSDT
BingX PYTH-USDT
Variational Omni PYTH
Orderly PERP_PYTH_USDC_mythos
Coinbase International PYTH-PERP-INTX
Reya PYTHRUSDPERP
Backpack PYTH_USDC_PERP