Funding you earn now, next payment 00:00 UTC−0.3334%/8h= −365.1% APRnext payment −$16.67 per $10,000 · paid last 24h −0.928%
Price spread now: KuCoin against Bybit+0.780%7-day average +0.291% · you sell dearer than you buy
Net, funding: paid 7d − costs−$879as in the Funding arb table
Net, price: spread back to 7d avg − costs−$677as in the Price arb table
costs, in and out, $10k−$7267.258% of the position
Funding, last 7 days−1.532%−$153 on $10k
+Price spread, last 7 days−0.515%−$51 · spread now +0.780%, 7d avg +0.291%
=The price spread pays, funding is against you. KuCoin is 0.489% dearer against Bybit than usual: you sell high and buy low (spread +0.780% now, against its 7-day average of +0.291%): +$49 on $10k if it goes back. Holding the pair costs −$100 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−1.532% in total) that is about 2.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.532% in total (about -79.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$16.67 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 SOONUSDT | 0.1923 | 0.3434 | pay 0.1717% / 4h | 1h 31m | $2.5M | $1.1M | 25x |
| Short | KuCoin SOONUSDTM | 0.1938 | 0.0100 | get 0.0050% / 4h | 1h 31m | $1.8M | $3.0M | 50x |
Bybit SOONUSDT
KuCoin SOONUSDTMFunding 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
- −$700.21
- Price spread: +0.780% → +0.291%
- $48.88
- Slippage, 4 orders
- −$702.82
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,377.15
- Costs to cover
- 7.258%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 6 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, 5 min ago | 5.19 bp | 34.2 bp −$34 | 940.6 bp −$9,406 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 5.15 bp | 377.0 bp −$377 | 743.0 bp −$7,430 | doesn't fit | doesn't fit |
SOON 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX SOON-USDT | +0.0070% | 4h | 0.1934 | +0.572% | — | $6.7M | — | as long as short |
| Binance SOONUSDT | +0.0100% | 4h | 0.1938 | +0.796% | $7.9M | $1.9M | 50x | as long as short |
| OKX SOON-USDT-SWAP | +0.0100% | 4h | 0.1938 | +0.780% | $1.9M | $421K | 20x | as long as short |
| Gate SOON_USDT | +0.0100% | 4h | 0.1933 | +0.520% | $3.1M | $92K | 50x | as long as short |
| KuCoin SOONUSDTMshort | +0.0100% | 4h | 0.1938 | +0.780% | $1.8M | $3.0M | 50x | |
| Extended SOON-USD | +0.0104% | 1h | 0.1938 | +0.780% | $7K | $207K | 5x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0338% | 1h | 0.1936 | +0.675% | $11K | $1K | 10x | as long as short |
| Bitget SOONUSDT | +0.0518% | 4h | 0.1938 | +0.780% | $9.1M | $217K | 25x | as long as short |
| Aster SOONUSDT | +0.0654% | 4h | 0.1939 | +0.828% | $189K | $2K | 5x | as long as short |
| Variational Omni SOON | +0.3379% | 4h | 0.1925 | +0.118% | $221K | $4K | — | as long as short |
BingX SOON-USDT
Binance SOONUSDT
OKX SOON-USDT-SWAP
Gate SOON_USDT
Extended SOON-USD
Kraken Futures PF_SOONUSD
Bitget SOONUSDT
Aster SOONUSDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDTlong | +0.3434% | 4h | 0.1923 | long leg | $2.5M | $1.1M | 25x |