Funding you earn now, next payment 03:00 UTC+0.3957%/8h= +433.3% APRnext payment +$19.78 per $10,000 · paid last 24h +1.056%
Price spread now: Bybit against KuCoin−0.231%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,764as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,902as in the Price arb table
costs, in and out, $10k−$1,88418.835% of the position
Funding, last 7 days+1.198%+$120 on $10k
+Price spread, last 4 days (all we have)+0.425%+$42 · spread now −0.231%, 7d avg −0.045%
=Funding pays, the price is against you. Bybit is 0.186% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.231% now, against its 7-day average of −0.045%). If the spread goes back, that is −$19 on $10k: about 4 hours of funding at the current rate (+$119 a day). At the pace of the last 7 days (+1.198% in total) that is about 26 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.198% in total (about 62.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$19.78 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 TRUSTUSDTM | 0.06056 | 0.0100 | pay 0.0050% / 4h | 1h 50m | $283K | $722K | 10x |
| Short | Bybit TRUSTUSDT | 0.06042 | 0.4057 | get 0.2028% / 4h | 2h 50m | $519K | $427K | 25x |
KuCoin TRUSTUSDTM
Bybit TRUSTUSDTFunding 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
- $830.93
- Price spread: −0.231% → −0.045%
- −$18.62
- Slippage, 4 orders
- −$1,860.52
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,071.21
- Costs to cover
- 18.835%
- Break-even
- 16.0 days
Slippage from KuCoin: live order book, 63 min ago; Bybit: live order book, 10 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, 63 min ago | 45.01 bp | 1075.2 bp −$1,075 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 10 min ago | 3.29 bp | 65.2 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
TRUST on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX TRUST-USDT-SWAP | +0.0100% | 4h | 0.06066 | +0.165% | $117K | $268K | 10x | as long as short |
| Gate TRUST_USDT | +0.0100% | 8h | 0.06046 | −0.165% | $495K | $28K | 10x | as long as short |
| KuCoin TRUSTUSDTMlong | +0.0100% | 4h | 0.06056 | long leg | $283K | $722K | 10x | |
| Bitget TRUSTUSDT | +0.0100% | 4h | 0.06031 | −0.413% | $647K | $69K | 10x | as long as short |
| MEXC TRUST_USDT | +0.0334% | 4h | 0.06055 | −0.017% | $217K | $101K | 50x | as long as short |
| Binance TRUSTUSDT | +0.0359% | 4h | 0.06054 | −0.035% | $1.7M | $1.7M | 10x | as long as short |
| Aster TRUSTUSDT | +0.0491% | 4h | 0.06040 | −0.264% | $10K | $7K | 5x | as long as short |
| BingX TRUST-USDT | +0.3624% | 4h | 0.06055 | −0.017% | — | $6.5M | — | as long as short |
| Variational Omni TRUST | +0.3716% | 4h | 0.06029 | −0.453% | $55K | $409 | — | as long as short |
| Bybit TRUSTUSDTshort | +0.4057% | 4h | 0.06042 | −0.231% | $519K | $427K | 25x |
OKX TRUST-USDT-SWAP
Gate TRUST_USDT
Bitget TRUSTUSDT
MEXC TRUST_USDT
Binance TRUSTUSDT
Aster TRUSTUSDT
BingX TRUST-USDT
Variational Omni TRUST