Funding you earn now, next payment 00:00 UTC+0.0659%/8h= +72.1% APRnext payment +$3.29 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against KuCoin+0.191%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$260as in the Funding arb table
Net, price: spread back to 7d avg − costs−$244as in the Price arb table
costs, in and out, $10k−$2572.572% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)−0.209%−$21 · spread now +0.191%, 7d avg +0.056%
=Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Bybit is 0.135% dearer against KuCoin than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.056%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.29 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 1000RATSUSDTM | 0.00004199 | 0.0268 | pay 0.0134% / 4h | 0m 26s | $627K | $81K | 30x |
| Short | Bybit 1000RATSUSDT | 0.00004207 | 0.0927 | get 0.0463% / 4h | 0m 26s | $4.3M | $923K | 20x |
KuCoin 1000RATSUSDTM
Bybit 1000RATSUSDTFunding 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
- $138.36
- Price spread: +0.191% → +0.056%
- $13.5
- Slippage, 4 orders
- −$234.25
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$105.39
- Costs to cover
- 2.572%
- Break-even
- 12.3 days
Slippage from KuCoin: live order book, 63 min ago; Bybit: live order book, 7 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 | 8.38 bp | 132.4 bp −$132 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 7 min ago | 7.15 bp | 46.8 bp −$47 | 368.0 bp −$3,680 | doesn't fit | doesn't fit |
RATS 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate RATS_USDT | +0.0100% | 4h | 0.00004190 | −0.214% | $2.4M | $427K | 25x | as long as short |
| Bitget 1000RATSUSDT | +0.0100% | 4h | 0.00004199 | 0.000% | $1.5M | $341K | 25x | as long as short |
| KuCoin 1000RATSUSDTMlong | +0.0268% | 4h | 0.00004199 | long leg | $627K | $81K | 30x | |
| edgeX 1000RATSUSDC | +0.0580% | 4h | 0.00004205 | +0.154% | $33K | $294K | 10x | as long as short |
| BloFin 1000RATS-USDT | +0.0605% | 4h | 0.00004211 | +0.286% | $1.0M | $11K | 40x | as long as short |
| MEXC 1000RATS_USDT | +0.0630% | 4h | 0.00004210 | +0.262% | $823K | $182K | 125x | as long as short |
| Binance 1000RATSUSDT | +0.0632% | 4h | 0.00004212 | +0.310% | $11.1M | $2.0M | 40x | as long as short |
| BingX RATS-USDT | +0.0816% | 4h | 0.00004206 | +0.167% | — | $1.2M | — | as long as short |
| Bybit 1000RATSUSDTshort | +0.0927% | 4h | 0.00004207 | +0.191% | $4.3M | $923K | 20x | |
| Aster 1000RATSUSDT | +0.1254% | 4h | 0.00004189 | −0.238% | $20K | $15K | 5x | as long as short |
Gate RATS_USDT
Bitget 1000RATSUSDT
edgeX 1000RATSUSDC
BloFin 1000RATS-USDT
MEXC 1000RATS_USDT
Binance 1000RATSUSDT
BingX RATS-USDT
Aster 1000RATSUSDT