Funding you earn now, next payment 04:00 UTC−0.0522%/8h= −57.2% APRnext payment −$2.61 per $10,000 · paid last 24h −0.058%
Price spread now: Bybit against KuCoin+0.299%7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,430as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,379as in the Price arb table
costs, in and out, $10k−$1,41314.133% of the position
Funding, last 7 days−0.163%−$16 on $10k
+Price spread, last 4 days (all we have)−0.209%−$21 · spread now +0.299%, 7d avg −0.043%
=The price spread pays, funding is against you. Bybit is 0.342% dearer against KuCoin than usual: you sell high and buy low (spread +0.299% now, against its 7-day average of −0.043%): +$34 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 2.2 days. At the pace of the last 7 days (−0.163% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.163% in total (about -8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.61 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 SONICUSDTM | 0.02676 | 0.0622 | pay 0.0311% / 4h | 1h 14m | $496K | $24K | 10x |
| Short | Bybit SONICUSDT | 0.02684 | 0.0100 | get 0.0050% / 4h | 1h 14m | $1.0M | $968K | 25x |
KuCoin SONICUSDTM
Bybit SONICUSDTFunding 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
- −$109.62
- Price spread: +0.299% → −0.043%
- $34.17
- Slippage, 4 orders
- −$1,390.26
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,488.71
- Costs to cover
- 14.133%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 8 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, 8 min ago | 94.67 bp | 612.4 bp −$612 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 5.60 bp | 62.1 bp −$62 | 410.4 bp −$4,104 | doesn't fit | doesn't fit |
SONIC on 8 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 SONICUSDTshort | +0.0100% | 4h | 0.02684 | +0.299% | $1.0M | $968K | 25x | |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02681 | +0.187% | $132K | $96K | 25x | as long as short |
| Variational Omni SONIC | +0.0100% | 4h | 0.02683 | +0.261% | $3K | $2K | — | as long as short |
| Bitget SONICUSDT | +0.0200% | 4h | 0.02682 | +0.224% | $419K | $448K | 10x | as long as short |
| KuCoin SONICUSDTMlong | +0.0622% | 4h | 0.02676 | long leg | $496K | $24K | 10x | |
| Binance SONICUSDT | +0.1029% | 4h | 0.02682 | +0.217% | $1.4M | $2.2M | 10x | as long as short |
| MEXC SONIC_USDT | +0.1038% | 4h | 0.02682 | +0.224% | $873K | $132K | 50x | as long as short |
| BloFin SONIC-USDT | +0.1043% | 4h | 0.02683 | +0.262% | $132K | $4K | 10x | as long as short |
Gate SONIC_USDT
Variational Omni SONIC
Bitget SONICUSDT
Binance SONICUSDT
MEXC SONIC_USDT
BloFin SONIC-USDT