Funding you earn now, next payment 08:00 UTC+0.0632%/8h= +69.2% APRnext payment +$3.16 per $10,000 · paid last 24h +0.098%
Price spread now: KuCoin against Bybit−0.191%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$599as in the Funding arb table
Net, price: spread back to 7d avg − costs−$624as in the Price arb table
costs, in and out, $10k−$6066.063% of the position
Funding, last 7 days+0.073%+$7 on $10k
+Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.191%, 7d avg −0.014%
=Funding pays, the price is against you. KuCoin is 0.176% cheaper against Bybit than usual: you would sell low and buy high (spread −0.191% now, against its 7-day average of −0.014%). If the spread goes back, that is −$18 on $10k: about 22 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.073% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.073% in total (about 3.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.16 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 STOUSDT | 0.04193 | 0.0100 | pay 0.0050% / 4h | 2h 52m | $719K | $280K | 13x |
| Short | KuCoin STOUSDTM | 0.04185 | 0.0732 | get 0.0366% / 4h | 2h 52m | $998K | $18K | 25x |
Bybit STOUSDT
KuCoin STOUSDTMFunding 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
- $132.72
- Price spread: −0.191% → −0.014%
- −$17.64
- Slippage, 4 orders
- −$583.35
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$491.27
- Costs to cover
- 6.063%
- Break-even
- 32.9 days
Slippage from Bybit: live order book, 57 min ago; KuCoin: live order book, 22 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, 57 min ago | 3.57 bp | 45.4 bp −$45 | 242.5 bp −$2,425 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 22 min ago | 17.85 bp | 261.6 bp −$262 | doesn't fit | doesn't fit | doesn't fit |
STO on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate STO_USDT | −0.0146% | 4h | 0.04187 | −0.143% | $251K | $117K | 25x | as long as short |
| Aster STOUSDT | +0.0100% | 4h | 0.04184 | −0.217% | $26K | $1K | 5x | as long as short |
| Binance STOUSDT | +0.0100% | 4h | 0.04185 | −0.198% | $3.4M | $1.5M | 20x | as long as short |
| Bybit STOUSDTlong | +0.0100% | 4h | 0.04193 | long leg | $719K | $280K | 13x | |
| MEXC STO_USDT | +0.0100% | 4h | 0.04183 | −0.238% | $774K | $101K | 50x | as long as short |
| Bitget STOUSDT | +0.0100% | 4h | 0.04181 | −0.286% | $321K | $25K | 10x | as long as short |
| BingX STO-USDT | +0.0100% | 4h | 0.04188 | −0.119% | — | $6.5M | — | as long as short |
| Variational Omni STO | +0.0258% | 4h | 0.04193 | +0.006% | $4K | $213 | — | as long as short |
| KuCoin STOUSDTMshort | +0.0732% | 4h | 0.04185 | −0.191% | $998K | $18K | 25x |
Gate STO_USDT
Aster STOUSDT
Binance STOUSDT
MEXC STO_USDT
Bitget STOUSDT
BingX STO-USDT
Variational Omni STO