Settings8H · net · $10k
Funding arb · Price arb /

RARE

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= −0.1% APRnext payment $0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit−0.166%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$644as in the Funding arb table
Net, price: spread back to 7d avg − costs−$655as in the Price arb table
costs, in and out, $10k−$6466.458% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.017%+$2 on $10k
Price spread, last 4 days (all we have)+0.241%+$24 · spread now −0.166%, 7d avg −0.071%
Together, before fees+0.258%+$26 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.095% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.071%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit RAREUSDT0.013220.0100pay 0.0050% / 4h18m 51s$309K$91K25x
ShortKuCoin RAREUSDTM0.013200.0100get 0.0050% / 4h18m 51s$202K$69K30x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$0.1
Price spread: −0.166% → −0.071%
−$9.5
Slippage, 4 orders
−$622.83
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$655.43
Costs to cover
6.458%
Break-even
never at this rate
Slippage from Bybit: live order book, 10 min ago; KuCoin: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 10 min ago5.67 bp138.8 bp −$139doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 12 min ago26.49 bp141.1 bp −$141doesn't fitdoesn't fitdoesn't fit

RARE on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX RARE-USDT+0.0070%4h0.01321−0.091%$1.3Mas long as short
BloFin RARE-USDT+0.0089%4h0.01321−0.091%$106K$12K25xas long as short
Aster RAREUSDT+0.0100%4h0.01320−0.169%$8K$3K5xas long as short
Binance RAREUSDT+0.0100%4h0.01321−0.091%$1.6M$1.1M25xas long as short
Gate RARE_USDT+0.0100%4h0.01320−0.166%$49K$27K20xas long as short
MEXC RARE_USDT+0.0100%4h0.01321−0.091%$584K$171K100xas long as short
KuCoin RAREUSDTMshort+0.0100%4h0.01320−0.166%$202K$69K30x
Bitget RAREUSDT+0.0100%4h0.01319−0.242%$233K$71K20xas long as short
Variational Omni RARE+0.0100%4h0.01322−0.052%$1K$2Kas long as short
Bybit RAREUSDTlong+0.0100%4h0.01322long leg$309K$91K25x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_RAREUSD+1.1836%1h0.01335+0.931%$3K$2K10xas long as short