Funding you earn now, next payment 00:00 UTC+0.1343%/8h= +147.1% APRnext payment +$6.71 per $10,000 · paid last 24h +0.206%
Price spread now: Bybit against KuCoin0.000%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1841.844% 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%
=Funding pays, the price is against you. Bybit is 0.049% cheaper against KuCoin than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.049%). If the spread goes back, that is −$5 on $10k: about 3 hours of funding at the current rate (+$40 a day). 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 +$6.71 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 RIVERUSDTM | 1.2650 | 0.0100 | pay 0.0050% / 4h | 1h 11m | $2.4M | $2.1M | 50x |
| Short | Bybit RIVERUSDT | 1.2650 | 0.1443 | get 0.0721% / 4h | 1h 11m | $3.8M | $1.7M | 25x |
KuCoin RIVERUSDTM
Bybit RIVERUSDTFunding 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
- $282.02
- Price spread: 0.000% → +0.049%
- −$4.87
- Slippage, 4 orders
- −$161.44
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $92.71
- Costs to cover
- 1.844%
- Break-even
- 4.7 days
Slippage from KuCoin: live order book, 6 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, 6 min ago | 7.92 bp | 65.1 bp −$65 | 854.3 bp −$8,543 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.95 bp | 42.6 bp −$43 | 476.3 bp −$4,763 | 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 | 1.2660 | +0.079% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2660 | +0.079% | $2.0M | $3.8M | 20x | as long as short |
| KuCoin RIVERUSDTMlong | +0.0100% | 4h | 1.2650 | long leg | $2.4M | $2.1M | 50x | |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2660 | +0.079% | $39K | $415K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2640 | −0.079% | $1K | $962K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2680 | +0.237% | $48K | $95K | 20x | as long as short |
| Bitget RIVERUSDT | +0.0196% | 4h | 1.2660 | +0.079% | $3.0M | $1.9M | 20x | as long as short |
| Gate RIVER_USDT | +0.0374% | 4h | 1.2650 | 0.000% | $420K | $109K | 20x | as long as short |
| Kraken Futures PF_RIVERUSD | +0.0562% | 1h | 1.2671 | +0.167% | $58K | $62K | 10x | as long as short |
| Aster RIVERUSDT | +0.0563% | 4h | 1.2649 | −0.011% | $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 | +0.079% | $418K | $33K | 50x | as long as short |
| Binance RIVERUSDT | +0.0636% | 4h | 1.2670 | +0.158% | $6.1M | $10.3M | 50x | as long as short |
| MEXC RIVER_USDT | +0.0638% | 4h | 1.2670 | +0.158% | $3.7M | $1.5M | 50x | as long as short |
| Variational Omni RIVER | +0.1144% | 4h | 1.2608 | −0.329% | $42K | $20K | — | as long as short |
| BingX RIVER-USDT | +0.1412% | 4h | 1.2670 | +0.158% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDTshort | +0.1443% | 4h | 1.2650 | 0.000% | $3.8M | $1.7M | 25x |
BloFin RIVER-USDT
Binance RIVERUSDT
MEXC RIVER_USDT
Variational Omni RIVER
BingX RIVER-USDT