Funding you earn now, next payment 12:00 UTC−0.0212%/8h= −23.2% APRnext payment −$1.06 per $10,000 · paid last 24h −0.123%
Price spread now: Bybit against KuCoin+0.097%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,138as in the Price arb table
costs, in and out, $10k−$1,14711.472% of the position
Funding, last 7 days−0.097%−$10 on $10k
+Price spread, last 4 days (all we have)+0.035%+$4 · spread now +0.097%, 7d avg +0.002%
=The price spread pays, funding is against you. Bybit is 0.095% dearer against KuCoin than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of +0.002%): +$9 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 7 days (−0.097% in total) that is about 6.8 days.
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 -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.06 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin STOUSDTM | 0.04128 | 0.0312 | pay 0.0156% / 4h | 1h 30m | $984K | $14K | 25x |
| Short | Bybit STOUSDT | 0.04132 | 0.0100 | get 0.0050% / 4h | 1h 30m | $707K | $258K | 13x |
KuCoin STOUSDTM
Bybit STOUSDTFunding 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
- −$44.52
- Price spread: +0.097% → +0.002%
- $9.47
- Slippage, 4 orders
- −$1,124.21
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,182.26
- Costs to cover
- 11.472%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; Bybit: live order book, 12 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, 7 min ago | 18.02 bp | 308.6 bp −$309 | 5741.6 bp −$57.4K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 12 min ago | 4.82 bp | 39.4 bp −$39 | 178.7 bp −$1,787 | doesn't fit | doesn't fit |
STO on 9 exchanges
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 | −0.0120% | 4h | 0.04125 | −0.073% | $241K | $112K | 25x | as long as short |
| Aster STOUSDT | +0.0100% | 4h | 0.04129 | +0.021% | $26K | $1K | 5x | as long as short |
| Binance STOUSDT | +0.0100% | 4h | 0.04125 | −0.077% | $3.4M | $1.4M | 20x | as long as short |
| Bybit STOUSDTshort | +0.0100% | 4h | 0.04132 | +0.097% | $707K | $258K | 13x | |
| MEXC STO_USDT | +0.0100% | 4h | 0.04126 | −0.048% | $754K | $101K | 50x | as long as short |
| Bitget STOUSDT | +0.0156% | 4h | 0.04131 | +0.073% | $320K | $21K | 10x | as long as short |
| BingX STO-USDT | +0.0162% | 4h | 0.04128 | 0.000% | — | $6.5M | — | as long as short |
| Variational Omni STO | +0.0162% | 4h | 0.04142 | +0.350% | $4K | $12 | — | as long as short |
| KuCoin STOUSDTMlong | +0.0312% | 4h | 0.04128 | long leg | $984K | $14K | 25x |
Gate STO_USDT
Aster STOUSDT
Binance STOUSDT
MEXC STO_USDT
Bitget STOUSDT
BingX STO-USDT
Variational Omni STO