Funding you earn now, next payment 04:00 UTC+0.0525%/8h= +57.5% APRnext payment +$2.62 per $10,000 · paid last 24h +0.173%
Price spread now: Bybit against KuCoin+0.075%7-day average −0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$938as in the Funding arb table
Net, price: spread back to 7d avg − costs−$946as in the Price arb table
costs, in and out, $10k−$9569.561% of the position
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 4 days (all we have)−0.188%−$19 · spread now +0.075%, 7d avg −0.022%
=Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Bybit is 0.097% dearer against KuCoin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.022%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.181% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.62 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 QUSDTM | 0.02537 | 0.0100 | pay 0.0050% / 4h | 2h 50m | $672K | $19K | 20x |
| Short | Bybit QUSDT | 0.02539 | 0.0625 | get 0.0312% / 4h | 2h 50m | $1.5M | $354K | 13x |
KuCoin QUSDTM
Bybit QUSDTFunding 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
- $110.21
- Price spread: +0.075% → −0.022%
- $9.66
- Slippage, 4 orders
- −$933.07
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$836.2
- Costs to cover
- 9.561%
- Break-even
- 60.1 days
Slippage from KuCoin: live order book, 63 min ago; Bybit: live order book, 1 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, 63 min ago | 12.28 bp | 445.1 bp −$445 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.93 bp | 66.6 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
Q on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate Q_USDT | +0.0100% | 4h | 0.02538 | +0.043% | $1.2M | $284K | 10x | as long as short |
| KuCoin QUSDTMlong | +0.0100% | 4h | 0.02537 | long leg | $672K | $19K | 20x | |
| Bitget QUSDT | +0.0100% | 4h | 0.02537 | −0.004% | $2.3M | $125K | 20x | as long as short |
| Variational Omni Q | +0.0486% | 4h | 0.02540 | +0.091% | $613 | $2K | — | as long as short |
| Bybit QUSDTshort | +0.0625% | 4h | 0.02539 | +0.075% | $1.5M | $354K | 13x | |
| BingX Q-USDT | +0.1074% | 4h | 0.02538 | +0.016% | — | $1.3M | — | as long as short |
| Aster QUSDT | +0.1090% | 4h | 0.02542 | +0.184% | $59K | $52K | 5x | as long as short |
| Extended Q-USD | +0.1120% | 1h | 0.02542 | +0.173% | $10K | $166K | 5x | as long as short |
| Binance QUSDT | +0.1121% | 4h | 0.02542 | +0.197% | $7.0M | $1.4M | 20x | as long as short |
| MEXC Q_USDT | +0.1124% | 4h | 0.02542 | +0.197% | $122K | $86K | 50x | as long as short |
Gate Q_USDT
Bitget QUSDT
Variational Omni Q
BingX Q-USDT
Aster QUSDT
Extended Q-USD
Binance QUSDT
MEXC Q_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin Q-USDT | +0.1148% | 4h | 0.02542 | +0.173% | $380K | $73K | 40x | as long as short |
BloFin Q-USDT