Funding you earn now, next payment 04:00 UTC+0.0206%/8h= +22.5% APRnext payment +$1.03 per $10,000 · paid last 24h +0.090%
Price spread now: Bybit against KuCoin+0.077%7-day average +0.176% · you sell dearer than you buy
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$297as 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+1.471%+$147 · spread now +0.077%, 7d avg +0.176%
=Funding pays, the price is against you. Bybit is 0.098% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.077% now, against its 7-day average of +0.176%). If the spread goes back, that is −$10 on $10k: about 38 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.920% in total) that is about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TUSDTM | 0.005178 | −0.0458 | get 0.0229% / 4h | 2h 27m | $1.3M | $80K | 12x |
| Short | Bybit TUSDT | 0.005182 | −0.0252 | pay 0.0126% / 4h | 2h 27m | $1.6M | $1.6M | 25x |
KuCoin TUSDTM
Bybit TUSDTFunding 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
- $43.18
- Price spread: +0.077% → +0.176%
- −$9.83
- Slippage, 4 orders
- −$263.85
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$253.49
- Costs to cover
- 2.868%
- Break-even
- 48.1 days
Slippage from KuCoin: live order book, 3 min ago; Bybit: 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 KuCoin live order book, 3 min ago | 11.58 bp | 107.4 bp −$107 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.83 bp | 36.3 bp −$36 | 236.2 bp −$2,362 | 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 | −0.2907% | 1h | 0.005172 | −0.106% | $2K | $2K | 10x | as long as short |
| Gate T_USDT | −0.0532% | 4h | 0.005189 | +0.212% | $214K | $86K | 20x | as long as short |
| KuCoin TUSDTMlong | −0.0458% | 4h | 0.005178 | long leg | $1.3M | $80K | 12x | |
| Variational Omni T | −0.0428% | 4h | 0.005193 | +0.293% | $8K | $9K | — | as long as short |
| Binance TUSDT | −0.0391% | 4h | 0.005191 | +0.248% | $3.3M | $7.9M | 50x | as long as short |
| MEXC T_USDT | −0.0386% | 4h | 0.005187 | +0.174% | $3.1M | $229K | 20x | as long as short |
| Bitget TUSDT | −0.0304% | 4h | 0.005189 | +0.212% | $894K | $545K | 50x | as long as short |
| Bybit TUSDTshort | −0.0252% | 4h | 0.005182 | +0.077% | $1.6M | $1.6M | 25x |
Kraken Futures PF_TUSD
Gate T_USDT
Variational Omni T
Binance TUSDT
MEXC T_USDT
Bitget TUSDT