Funding you earn now, next payment 00:00 UTC+0.3495%/8h= +382.7% APRnext payment +$17.47 per $10,000 · paid last 24h +0.928%
Price spread now: Bybit against KuCoin−0.696%7-day average −0.291% · you buy dearer than you sell
Net, funding: paid 7d − costs−$622as in the Funding arb table
Net, price: spread back to 7d avg − costs−$816as in the Price arb table
costs, in and out, $10k−$7767.755% of the position
Funding, last 7 days+1.532%+$153 on $10k
+Price spread, last 7 days+0.431%+$43 · spread now −0.696%, 7d avg −0.291%
=Funding pays, the price is against you. Bybit is 0.405% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.696% now, against its 7-day average of −0.291%). If the spread goes back, that is −$40 on $10k: about 9 hours of funding at the current rate (+$105 a day). At the pace of the last 7 days (+1.532% in total) that is about 44 hours.
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 +$17.47 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 SOONUSDTM | 0.1954 | 0.0100 | pay 0.0050% / 4h | 54m 05s | $1.8M | $3.1M | 50x |
| Short | Bybit SOONUSDT | 0.1940 | 0.3595 | get 0.1797% / 4h | 54m 05s | $2.5M | $1.1M | 25x |
KuCoin SOONUSDTM
Bybit SOONUSDTFunding 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
- $733.85
- Price spread: −0.696% → −0.291%
- −$40.49
- Slippage, 4 orders
- −$752.54
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$82.18
- Costs to cover
- 7.755%
- Break-even
- 7.8 days
Slippage from KuCoin: live order book, 3 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, 3 min ago | 3.33 bp | 339.0 bp −$339 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 7.75 bp | 48.2 bp −$48 | doesn't fit | 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 | 0.1950 | −0.184% | — | $6.7M | — | as long as short |
| KuCoin SOONUSDTMlong | +0.0100% | 4h | 0.1954 | long leg | $1.8M | $3.1M | 50x | |
| Kraken Futures PF_SOONUSD | +0.0107% | 1h | 0.1945 | −0.426% | $11K | $1K | 10x | as long as short |
| OKX SOON-USDT-SWAP | +0.0112% | 4h | 0.1954 | +0.020% | $2.0M | $430K | 20x | as long as short |
| Gate SOON_USDT | +0.0112% | 4h | 0.1948 | −0.287% | $3.2M | $91K | 50x | as long as short |
| Extended SOON-USD | +0.0120% | 1h | 0.1955 | +0.070% | $7K | $207K | 5x | as long as short |
| Binance SOONUSDT | +0.0123% | 4h | 0.1956 | +0.108% | $8.0M | $1.9M | 50x | as long as short |
| Bitget SOONUSDT | +0.0830% | 4h | 0.1954 | +0.020% | $9.1M | $218K | 25x | as long as short |
| Aster SOONUSDT | +0.0831% | 4h | 0.1949 | −0.222% | $190K | $2K | 5x | as long as short |
| Variational Omni SOON | +0.3279% | 4h | 0.1935 | −0.941% | $222K | $4K | — | as long as short |
BingX SOON-USDT
Kraken Futures PF_SOONUSD
OKX SOON-USDT-SWAP
Gate SOON_USDT
Extended SOON-USD
Binance SOONUSDT
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 SOONUSDTshort | +0.3595% | 4h | 0.1940 | −0.696% | $2.5M | $1.1M | 25x |