Funding you earn now, next payment 04:00 UTC−0.0641%/8h= −70.2% APRpaid last 24h +0.053%
Price spread now: Bybit against KuCoin−0.087%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$361as in the Funding arb table
Net, price: spread back to 7d avg − costs−$407as in the Price arb table
costs, in and out, $10k−$3953.947% of the position
Funding, last 7 days+0.332%+$33 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.087%, 7d avg +0.035%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bybit is 0.121% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.035%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.332%, 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 0.332% in total (about 17.3% a year). A funding rate is set anew for every payment. 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 SKLUSDTM | 0.004606 | 0.0100 | pay 0.0050% / 4h | 3h 37m | $840K | $364K | 30x |
| Short | Bybit SKLUSDT | 0.004602 | −0.0541 | pay 0.0541% / 8h | 7h 37m | $887K | $1.0M | 25x |
KuCoin SKLUSDTM
Bybit SKLUSDTFunding 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
- −$134.62
- Price spread: −0.087% → +0.035%
- −$12.15
- Slippage, 4 orders
- −$371.67
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$541.43
- Costs to cover
- 3.947%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 16 min ago; Bybit: live order book, 3 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, 16 min ago | 8.70 bp | 129.4 bp −$129 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 4.34 bp | 56.8 bp −$57 | 267.2 bp −$2,672 | doesn't fit | doesn't fit |
SKL 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SKLUSDTshort | −0.0541% | 8h | 0.004602 | −0.087% | $887K | $1.0M | 25x | |
| Bitget SKLUSDT | +0.0082% | 4h | 0.004599 | −0.152% | $499K | $1.0M | 25x | as long as short |
| BloFin SKL-USDT | +0.0093% | 4h | 0.004607 | +0.022% | $184K | $44K | 50x | as long as short |
| Binance SKLUSDT | +0.0100% | 4h | 0.004600 | −0.130% | $2.8M | $9.5M | 50x | as long as short |
| Gate SKL_USDT | +0.0100% | 4h | 0.004610 | +0.087% | $205K | $237K | 50x | as long as short |
| MEXC SKL_USDT | +0.0100% | 4h | 0.004598 | −0.174% | $394K | $206K | 20x | as long as short |
| KuCoin SKLUSDTMlong | +0.0100% | 4h | 0.004606 | long leg | $840K | $364K | 30x | |
| BingX SKL-USDT | +0.0100% | 4h | 0.004602 | −0.087% | — | $2.3M | — | as long as short |
| Variational Omni SKL | +0.0100% | 8h | 0.004607 | +0.028% | $709 | $1K | — | as long as short |
| Kraken Futures PF_SKLUSD | +0.0400% | 1h | 0.004611 | +0.117% | $5K | $5K | 10x | as long as short |
Bitget SKLUSDT
BloFin SKL-USDT
Binance SKLUSDT
Gate SKL_USDT
MEXC SKL_USDT
BingX SKL-USDT
Variational Omni SKL
Kraken Futures PF_SKLUSD