Funding you earn now, next payment 04:00 UTC−0.0207%/8h= −22.7% APRnext payment −$1.04 per $10,000 · paid last 24h −0.090%
Price spread now: KuCoin against Bybit−0.058%7-day average −0.176% · you buy dearer than you sell
Net, funding: paid 7d − costs−$379as in the Funding arb table
Net, price: spread back to 7d avg − costs−$275as in the Price arb table
costs, in and out, $10k−$2872.868% of the position
Funding, last 7 days−0.920%−$92 on $10k
+Price spread, last 7 days−1.490%−$149 · spread now −0.058%, 7d avg −0.176%
=The price spread pays, funding is against you. KuCoin is 0.118% dearer against Bybit than usual: you sell high and buy low (spread −0.058% now, against its 7-day average of −0.176%): +$12 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 45 hours. At the pace of the last 7 days (−0.920% in total) that is about 22 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TUSDT | 0.005193 | −0.0245 | get 0.0122% / 4h | 2h 25m | $1.6M | $1.6M | 25x |
| Short | KuCoin TUSDTM | 0.005190 | −0.0452 | pay 0.0226% / 4h | 2h 25m | $1.4M | $80K | 12x |
Bybit TUSDT
KuCoin TUSDTMFunding 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
- −$43.53
- Price spread: −0.058% → −0.176%
- $11.77
- Slippage, 4 orders
- −$263.85
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$318.6
- Costs to cover
- 2.868%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 5 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 | 4.83 bp | 43.3 bp −$43 | 298.8 bp −$2,988 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 11.58 bp | 99.8 bp −$100 | doesn't fit | doesn't fit | doesn't fit |
T on 8 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_TUSD | −0.2900% | 1h | 0.005186 | −0.143% | $2K | $2K | 10x | as long as short |
| Gate T_USDT | −0.0526% | 4h | 0.005189 | −0.077% | $214K | $86K | 20x | as long as short |
| Variational Omni T | −0.0487% | 4h | 0.005186 | −0.132% | $8K | $9K | — | as long as short |
| KuCoin TUSDTMshort | −0.0452% | 4h | 0.005190 | −0.058% | $1.4M | $80K | 12x | |
| MEXC T_USDT | −0.0390% | 4h | 0.005193 | 0.000% | $3.2M | $229K | 20x | as long as short |
| Binance TUSDT | −0.0380% | 4h | 0.005193 | +0.005% | $3.3M | $7.9M | 50x | as long as short |
| Bitget TUSDT | −0.0298% | 4h | 0.005185 | −0.154% | $893K | $545K | 50x | as long as short |
| Bybit TUSDTlong | −0.0245% | 4h | 0.005193 | long leg | $1.6M | $1.6M | 25x |
Kraken Futures PF_TUSD
Gate T_USDT
Variational Omni T
MEXC T_USDT
Binance TUSDT
Bitget TUSDT