Funding you earn now, next payment 00:00 UTC−0.1359%/8h= −148.9% APRnext payment −$6.80 per $10,000 · paid last 24h −0.206%
Price spread now: KuCoin against Bybit0.000%7-day average −0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$157as in the Price arb table
costs, in and out, $10k−$1621.622% of the position
Funding, last 7 days−0.239%−$24 on $10k
+Price spread, last 7 days+0.151%+$15 · spread now 0.000%, 7d avg −0.049%
=The price spread pays, funding is against you. KuCoin is 0.049% dearer against Bybit than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.049%): +$5 on $10k if it goes back. Holding the pair costs −$41 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.239% in total) that is about 34 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.239% in total (about -12.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.80 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 RIVERUSDT | 1.2660 | 0.1459 | pay 0.0730% / 4h | 1h 09m | $3.8M | $1.7M | 25x |
| Short | KuCoin RIVERUSDTM | 1.2660 | 0.0100 | get 0.0050% / 4h | 1h 09m | $2.4M | $2.1M | 50x |
Bybit RIVERUSDT
KuCoin RIVERUSDTMFunding 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
- −$285.47
- Price spread: 0.000% → −0.049%
- $4.87
- Slippage, 4 orders
- −$139.17
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$442.77
- Costs to cover
- 1.622%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 2 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, 3 min ago | 3.95 bp | 41.3 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 7.91 bp | 24.8 bp −$25 | 502.5 bp −$5,025 | doesn't fit | doesn't fit |
RIVER on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RIVER | +0.0096% | 1h | 1.2670 | +0.079% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2670 | +0.079% | $2.0M | $3.8M | 20x | as long as short |
| KuCoin RIVERUSDTMshort | +0.0100% | 4h | 1.2660 | 0.000% | $2.4M | $2.1M | 50x | |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2660 | 0.000% | $39K | $415K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2640 | −0.158% | $1K | $962K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2690 | +0.237% | $48K | $95K | 20x | as long as short |
| Bitget RIVERUSDT | +0.0204% | 4h | 1.2670 | +0.079% | $3.0M | $1.9M | 20x | as long as short |
| Gate RIVER_USDT | +0.0380% | 4h | 1.2650 | −0.079% | $420K | $109K | 20x | as long as short |
| Kraken Futures PF_RIVERUSD | +0.0562% | 1h | 1.2670 | +0.082% | $58K | $62K | 10x | as long as short |
| Aster RIVERUSDT | +0.0563% | 4h | 1.2651 | −0.074% | $73K | $29K | 10x | as long as short |
Lighter RIVER
OKX RIVER-USDT-SWAP
GRVT RIVER_USDT_Perp
SunX RIVER-USDT
HTX RIVER-USDT
Bitget RIVERUSDT
Gate RIVER_USDT
Kraken Futures PF_RIVERUSD
Aster RIVERUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin RIVER-USDT | +0.0599% | 4h | 1.2660 | 0.000% | $418K | $33K | 50x | as long as short |
| MEXC RIVER_USDT | +0.0636% | 4h | 1.2670 | +0.079% | $3.7M | $1.5M | 50x | as long as short |
| Binance RIVERUSDT | +0.0637% | 4h | 1.2682 | +0.173% | $6.1M | $10.3M | 50x | as long as short |
| Variational Omni RIVER | +0.1124% | 4h | 1.2658 | −0.013% | $42K | $20K | — | as long as short |
| BingX RIVER-USDT | +0.1412% | 4h | 1.2680 | +0.158% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDTlong | +0.1459% | 4h | 1.2660 | long leg | $3.8M | $1.7M | 25x |
BloFin RIVER-USDT
MEXC RIVER_USDT
Binance RIVERUSDT
Variational Omni RIVER
BingX RIVER-USDT