Funding you earn now, next payment 04:00 UTC+0.1188%/8h= +130.1% APRnext payment +$5.94 per $10,000 · paid last 24h +0.242%
Price spread now: Bybit against KuCoin−0.038%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,053as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,084as in the Price arb table
costs, in and out, $10k−$2,08120.809% of the position
Funding, last 7 days+0.279%+$28 on $10k
+Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.038%, 7d avg −0.008%
=Funding pays, the price is against you. Bybit is 0.030% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of −0.008%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$36 a day). At the pace of the last 7 days (+0.279% in total) that is about 18 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.279% in total (about 14.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.94 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 | KuCoin THEUSDTM | 0.07966 | 0.0382 | pay 0.0191% / 4h | 2h 48m | $118K | $82K | 10x |
| Short | Bybit THEUSDT | 0.07963 | 0.1570 | get 0.0785% / 4h | 2h 48m | $545K | $346K | 20x |
KuCoin THEUSDTM
Bybit THEUSDTFunding 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
- $249.48
- Price spread: −0.038% → −0.008%
- −$2.96
- Slippage, 4 orders
- −$2,057.86
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,834.34
- Costs to cover
- 20.809%
- Break-even
- 58.5 days
Slippage from KuCoin: live order book, 55 min ago; Bybit: live order book, 11 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, 55 min ago | 14.16 bp | 914.1 bp −$914 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 11 min ago | 5.65 bp | 172.7 bp −$173 | 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX THE-USDT | +0.0070% | 4h | 0.07953 | −0.163% | — | $6.5M | — | as long as short |
| Bitget THEUSDT | +0.0102% | 4h | 0.07955 | −0.138% | $391K | $331K | 10x | as long as short |
| Gate THE_USDT | +0.0162% | 4h | 0.07960 | −0.075% | $65K | $68K | 10x | as long as short |
| Aster THEUSDT | +0.0353% | 4h | 0.07942 | −0.306% | $5K | $7K | 5x | as long as short |
| KuCoin THEUSDTMlong | +0.0382% | 4h | 0.07966 | long leg | $118K | $82K | 10x | |
| BloFin THE-USDT | +0.0475% | 4h | 0.07950 | −0.201% | $129K | $4K | 50x | as long as short |
| MEXC THE_USDT | +0.0488% | 4h | 0.07957 | −0.113% | $178K | $135K | 50x | as long as short |
| Binance THEUSDT | +0.0502% | 4h | 0.07957 | −0.113% | $2.0M | $3.8M | 10x | as long as short |
| Bybit THEUSDTshort | +0.1570% | 4h | 0.07963 | −0.038% | $545K | $346K | 20x |
BingX THE-USDT
Bitget THEUSDT
Gate THE_USDT
Aster THEUSDT
BloFin THE-USDT
MEXC THE_USDT
Binance THEUSDT