Funding you earn now, next payment 00:00 UTC−0.3599%/8h= −394.0% APRnext payment −$17.99 per $10,000 · paid last 24h −0.504%
Price spread now: KuCoin against Bybit+0.332%7-day average −0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$499as in the Funding arb table
Net, price: spread back to 7d avg − costs−$467as in the Price arb table
costs, in and out, $10k−$5095.089% of the position
Funding, last 7 days+0.097%+$10 on $10k
+Price spread, last 4 days (all we have)−0.304%−$30 · spread now +0.332%, 7d avg −0.084%
=The price spread pays, funding is against you. KuCoin is 0.416% dearer against Bybit than usual: you sell high and buy low (spread +0.332% now, against its 7-day average of −0.084%): +$42 on $10k if it goes back. Holding the pair costs −$108 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.097%, 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 0.097% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$17.99 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 STEEMUSDT | 0.05715 | 0.3699 | pay 0.1849% / 4h | 2h 26m | $1.3M | $965K | 13x |
| Short | KuCoin STEEMUSDTM | 0.05734 | 0.0100 | get 0.0050% / 4h | 2h 26m | $420K | $90K | 30x |
Bybit STEEMUSDT
KuCoin STEEMUSDTMFunding 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
- −$755.69
- Price spread: +0.332% → −0.084%
- $41.61
- Slippage, 4 orders
- −$485.9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,222.98
- Costs to cover
- 5.089%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 55 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, 4 min ago | 3.52 bp | 110.6 bp −$111 | 261.7 bp −$2,617 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 55 min ago | 14.83 bp | 145.1 bp −$145 | doesn't fit | doesn't fit | doesn't fit |
STEEM 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_STEEMUSD | −0.0634% | 1h | 0.05749 | +0.588% | $8K | $3K | 10x | as long as short |
| HTX STEEM-USDT | −0.0149% | 4h | 0.05730 | +0.262% | $40K | $32K | 20x | as long as short |
| BingX STEEM-USDT | +0.0070% | 4h | 0.05732 | +0.297% | — | $1.6M | — | as long as short |
| Aster STEEMUSDT | +0.0100% | 4h | 0.05741 | +0.452% | $16K | $10K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05737 | +0.385% | $2.1M | $3.4M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05735 | +0.350% | $426K | $112K | 20x | as long as short |
| KuCoin STEEMUSDTMshort | +0.0100% | 4h | 0.05734 | +0.332% | $420K | $90K | 30x | |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05735 | +0.350% | $449K | $228K | 25x | as long as short |
| Gate STEEM_USDT | +0.1344% | 4h | 0.05748 | +0.577% | $288K | $118K | 20x | as long as short |
| Variational Omni STEEM | +0.3010% | 4h | 0.05682 | −0.573% | $12K | $147 | — | as long as short |
Kraken Futures PF_STEEMUSD
HTX STEEM-USDT
BingX STEEM-USDT
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
Bitget STEEMUSDT
Gate STEEM_USDT
Variational Omni STEEMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STEEMUSDTlong | +0.3699% | 4h | 0.05715 | long leg | $1.3M | $965K | 13x |