STBL

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0377%/8h= −41.2% APRnext payment −$1.88 per $10,000 · paid last 24h −0.046%

Price spread now: KuCoin against Bybit+0.076%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$691as in the Funding arb table

Net, price: spread back to 7d avg − costs−$696as in the Price arb table

costs, in and out, $10k−$7017.013% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.103%+$10 on $10k

Price spread, last 7 days−0.162%−$16 · spread now +0.076%, 7d avg +0.020%

Together, before fees−0.059%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.056% dearer against Bybit than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of +0.020%): +$6 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 12 hours. Mind the row above: over the last 7 days funding on this pair paid +0.103%, 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 0.103% in total (about 5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.88 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 STBLUSDT	0.02639	0.0477	pay 0.0238% / 4h	2h 26m	$1.5M	$685K	20x
Short	KuCoin STBLUSDTM	0.02641	0.0100	get 0.0050% / 4h	2h 26m	$1.1M	$229K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$79.07
Price spread: +0.076% → +0.020%: $5.63
Slippage, 4 orders: −$678.33
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$774.77
Costs to cover: 7.013%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 4 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	3.79 bp	125.0 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	34.08 bp	218.5 bp −$219	doesn't fit	doesn't fit	doesn't fit

STBL on 12 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
BloFin STBL-USDT	+0.0086%	4h	0.02642	+0.114%	$128K	$22K	50x	as long as short
Lighter STBL	+0.0096%	1h	0.02632	−0.265%	$79K	$2K	3x	as long as short
Binance STBLUSDT	+0.0100%	4h	0.02641	+0.076%	$1.9M	$2.2M	50x	as long as short
MEXC STBL_USDT	+0.0100%	4h	0.02640	+0.038%	$366K	$149K	100x	as long as short
KuCoin STBLUSDTMshort	+0.0100%	4h	0.02641	+0.076%	$1.1M	$229K	20x
Variational Omni STBL	+0.0100%	4h	0.02642	+0.109%	$965	$282	—	as long as short
SunX STBL-USDT	+0.0100%	4h	0.02636	−0.114%	$2K	$1.1M	20x	as long as short
Hyperliquid STBL	+0.0312%	1h	0.02636	−0.117%	$1.9M	$284K	3x	as long as short
Bybit STBLUSDTlong	+0.0477%	4h	0.02639	long leg	$1.5M	$685K	20x
BingX STBL-USDT	+0.0548%	4h	0.02639	0.000%	—	$6.6M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster STBLUSDT	+0.1067%	4h	0.02641	+0.079%	$88K	$5K	5x	as long as short
Gate STBL_USDT	+0.1124%	4h	0.02647	+0.303%	$1.2M	$117K	50x	as long as short