Funding you earn now, next payment 08:00 UTC+0.2570%/8h= +281.4% APRnext payment +$12.85 per $10,000 · paid last 24h +0.806%
Price spread now: Bybit against KuCoin−0.254%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$500as in the Funding arb table
Net, price: spread back to 7d avg − costs−$621as in the Price arb table
costs, in and out, $10k−$6066.063% of the position
Funding, last 7 days+1.062%+$106 on $10k
+Price spread, last 4 days (all we have)+0.293%+$29 · spread now −0.254%, 7d avg −0.111%
=Funding pays, the price is against you. Bybit is 0.143% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.254% now, against its 7-day average of −0.111%). If the spread goes back, that is −$14 on $10k: about 4 hours of funding at the current rate (+$77 a day). At the pace of the last 7 days (+1.062% in total) that is about 23 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.062% in total (about 55.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$12.85 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 SLXUSDTM | 0.06701 | 0.0116 | pay 0.0058% / 4h | 3h 58m | $978K | $1.6M | 20x |
| Short | Bybit SLXUSDT | 0.06684 | 0.2686 | get 0.1343% / 4h | 3h 58m | $991K | $441K | 20x |
KuCoin SLXUSDTM
Bybit SLXUSDTFunding 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
- $539.66
- Price spread: −0.254% → −0.111%
- −$14.25
- Slippage, 4 orders
- −$583.32
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$80.92
- Costs to cover
- 6.063%
- Break-even
- 8.0 days
Slippage from KuCoin: live order book, 8 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, 8 min ago | 3.00 bp | 222.8 bp −$223 | 2351.1 bp −$23.5K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 7 min ago | 1.51 bp | 67.0 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
SLX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX SLX-USDT | +0.0100% | 4h | 0.06718 | +0.254% | $1K | $445K | 20x | as long as short |
| KuCoin SLXUSDTMlong | +0.0116% | 4h | 0.06701 | long leg | $978K | $1.6M | 20x | |
| OKX SLX-USDT-SWAP | +0.0359% | 4h | 0.06707 | +0.090% | $1.8M | $1.8M | 20x | as long as short |
| Bitget SLXUSDT | +0.0574% | 4h | 0.06699 | −0.030% | $1.0M | $294K | 20x | as long as short |
| BloFin SLX-USDT | +0.0762% | 4h | 0.06670 | −0.463% | $167K | $3K | 25x | as long as short |
| Binance SLXUSDT | +0.0789% | 4h | 0.06706 | +0.075% | $2.6M | $3.2M | 25x | as long as short |
| MEXC SLX_USDT | +0.0790% | 4h | 0.06700 | −0.015% | $1.8M | $221K | 20x | as long as short |
| Aster SLXUSDT | +0.0848% | 4h | 0.06703 | +0.030% | $15K | $30K | 10x | as long as short |
| BingX SLX-USDT | +0.1486% | 4h | 0.06697 | −0.060% | — | $1.7M | — | as long as short |
| Gate SLX_USDT | +0.2096% | 4h | 0.06701 | 0.000% | $305K | $698K | 25x | as long as short |
SunX SLX-USDT
OKX SLX-USDT-SWAP
Bitget SLXUSDT
BloFin SLX-USDT
Binance SLXUSDT
MEXC SLX_USDT
Aster SLXUSDT
BingX SLX-USDT
Gate SLX_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SLXUSDTshort | +0.2686% | 4h | 0.06684 | −0.254% | $991K | $441K | 20x |