Funding you earn now, next payment 08:00 UTC−0.0439%/8h= −48.0% APRnext payment −$2.19 per $10,000 · paid last 24h −0.028%
Price spread now: KuCoin against Bybit−0.156%7-day average −0.133% · you buy dearer than you sell
Net, funding: paid 7d − costs−$307as in the Funding arb table
Net, price: spread back to 7d avg − costs−$324as in the Price arb table
costs, in and out, $10k−$3213.214% of the position
Funding, last 7 days+0.147%+$15 on $10k
+Price spread, last 4 days (all we have)−0.155%−$15 · spread now −0.156%, 7d avg −0.133%
=Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and KuCoin is 0.023% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.133%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.147%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.147% in total (about 7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.19 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 | Bybit REZUSDT | 0.003847 | 0.0539 | pay 0.0269% / 4h | 1h 35m | $1.5M | $1.0M | 25x |
| Short | KuCoin REZUSDTM | 0.003841 | 0.0100 | get 0.0050% / 4h | 1h 35m | $449K | $76K | 30x |
Bybit REZUSDT
KuCoin REZUSDTMFunding 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
- −$92.1
- Price spread: −0.156% → −0.133%
- −$2.29
- Slippage, 4 orders
- −$298.38
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$415.76
- Costs to cover
- 3.214%
- Break-even
- never at this rate
Slippage from Bybit: live order book, just now; KuCoin: live order book, 8 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, just now | 2.60 bp | 52.5 bp −$52 | 140.5 bp −$1,405 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 7.81 bp | 104.7 bp −$105 | doesn't fit | doesn't fit | doesn't fit |
REZ on 12 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_REZUSD | +0.0056% | 1h | 0.003838 | −0.221% | $43K | $10K | 10x | as long as short |
| Aster REZUSDT | +0.0100% | 4h | 0.003840 | −0.182% | $18K | $38K | 5x | as long as short |
| Binance REZUSDT | +0.0100% | 4h | 0.003841 | −0.162% | $4.9M | $8.4M | 50x | as long as short |
| MEXC REZ_USDT | +0.0100% | 4h | 0.003840 | −0.182% | $1.4M | $401K | 50x | as long as short |
| KuCoin REZUSDTMshort | +0.0100% | 4h | 0.003841 | −0.156% | $449K | $76K | 30x | |
| Bitget REZUSDT | +0.0100% | 4h | 0.003844 | −0.078% | $619K | $1.2M | 50x | as long as short |
| Variational Omni REZ | +0.0100% | 4h | 0.003846 | −0.030% | $88K | $49K | — | as long as short |
| BloFin REZ-USDT | +0.0105% | 4h | 0.003837 | −0.260% | $317K | $42K | 50x | as long as short |
| Gate REZ_USDT | +0.0472% | 4h | 0.003846 | −0.026% | $394K | $118K | 10x | as long as short |
| BingX REZ-USDT | +0.0530% | 4h | 0.003844 | −0.078% | — | $6.6M | — | as long as short |
Kraken Futures PF_REZUSD
Aster REZUSDT
Binance REZUSDT
MEXC REZ_USDT
Bitget REZUSDT
Variational Omni REZ
BloFin REZ-USDT
Gate REZ_USDT
BingX REZ-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit REZUSDTlong | +0.0539% | 4h | 0.003847 | long leg | $1.5M | $1.0M | 25x | |
| Hyperliquid REZ | +0.1362% | 1h | 0.003851 | +0.104% | $1.6M | $503K | 3x | as long as short |
Hyperliquid REZ