Funding you earn now, next payment 08:00 UTC−0.0609%/8h= −66.7% APRnext payment −$3.05 per $10,000 · paid last 24h −0.274%
Price spread now: KuCoin against Bybit−0.158%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,114as in the Price arb table
costs, in and out, $10k−$2,09720.970% of the position
Funding, last 7 days−0.310%−$31 on $10k
+Price spread, last 4 days (all we have)+0.222%+$22 · spread now −0.158%, 7d avg +0.010%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and KuCoin is 0.168% cheaper against Bybit than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.310% in total (about -16.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.05 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 THEUSDT | 0.08214 | 0.0709 | pay 0.0355% / 4h | 2h 36m | $549K | $462K | 20x |
| Short | KuCoin THEUSDTM | 0.08201 | 0.0100 | get 0.0050% / 4h | 2h 36m | $111K | $110K | 10x |
Bybit THEUSDT
KuCoin THEUSDTMFunding 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
- −$127.96
- Price spread: −0.158% → +0.010%
- −$16.81
- Slippage, 4 orders
- −$2,074.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$2,241.78
- Costs to cover
- 20.970%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 13 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 | 4.91 bp | 159.1 bp −$159 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 13 min ago | 12.15 bp | 920.2 bp −$920 | doesn't fit | doesn't fit | doesn't fit |
THE 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 THE_USDT | +0.0100% | 4h | 0.08190 | −0.292% | $66K | $75K | 10x | as long as short |
| KuCoin THEUSDTMshort | +0.0100% | 4h | 0.08201 | −0.158% | $111K | $110K | 10x | |
| Bitget THEUSDT | +0.0100% | 4h | 0.08232 | +0.219% | $407K | $379K | 10x | as long as short |
| Aster THEUSDT | +0.0162% | 4h | 0.08211 | −0.031% | $5K | $12K | 5x | as long as short |
| BloFin THE-USDT | +0.0187% | 4h | 0.08152 | −0.755% | $142K | $5K | 50x | as long as short |
| Binance THEUSDT | +0.0242% | 4h | 0.08229 | +0.183% | $2.2M | $4.8M | 10x | as long as short |
| MEXC THE_USDT | +0.0244% | 4h | 0.08228 | +0.170% | $201K | $149K | 50x | as long as short |
| Bybit THEUSDTlong | +0.0709% | 4h | 0.08214 | long leg | $549K | $462K | 20x | |
| BingX THE-USDT | +0.0730% | 4h | 0.08229 | +0.183% | — | $6.5M | — | as long as short |
Gate THE_USDT
Bitget THEUSDT
Aster THEUSDT
BloFin THE-USDT
Binance THEUSDT
MEXC THE_USDT
BingX THE-USDT