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Funding arb · Price arb /

TRUTH

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0944%/8h= +103.3% APRnext payment +$4.72 per $10,000 · paid last 24h +0.063%
Price spread now: Bybit against KuCoin+0.375%7-day average +0.332% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,017as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,045as in the Price arb table
costs, in and out, $10k−$2,04920.489% of the position
Long on KuCoinShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.321%+$32 on $10k
Price spread, last 7 days−0.107%−$11 · spread now +0.375%, 7d avg +0.332%
Together, before fees+0.214%+$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and Bybit is 0.044% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.332%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.321% in total (about 16.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.72 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TRUTHUSDTM0.013580.0100pay 0.0050% / 4h2h 34m$1.1M$51K10x
ShortBybit TRUTHUSDT0.013630.1044get 0.0522% / 4h2h 34m$1.3M$451K20x

Funding 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

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$198.16
Price spread: +0.375% → +0.332%
$4.36
Slippage, 4 orders
−$2,025.89
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$1,846.37
Costs to cover
20.489%
Break-even
72.2 days
Slippage from KuCoin: live order book, 5 min ago; Bybit: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 5 min ago15.84 bp1018.2 bp −$1,018doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 1 min ago3.31 bp166.5 bp −$167doesn't fitdoesn't fitdoesn't fit

TRUTH on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TRUTH_USDT+0.0100%4h0.01357−0.103%$424K$63K20xas long as short
KuCoin TRUTHUSDTMlong+0.0100%4h0.01358long leg$1.1M$51K10x
OKX TRUTH-USDT-SWAP+0.0502%4h0.01364+0.412%$185K$286K10xas long as short
Aster TRUTHUSDT+0.0794%4h0.01360+0.109%$36K$8K5xas long as short
Extended TRUTH-USD+0.0960%1h0.01362+0.245%$3K$180K5xas long as short
Binance TRUTHUSDT+0.0962%4h0.01362+0.257%$4.3M$1.6M20xas long as short
MEXC TRUTH_USDT+0.0966%4h0.01362+0.250%$11.9M$131K20xas long as short
BloFin TRUTH-USDT+0.1022%4h0.01360+0.155%$198K$14K50xas long as short
Bybit TRUTHUSDTshort+0.1044%4h0.01363+0.375%$1.3M$451K20x
BingX TRUTH-USDT+0.1096%4h0.01362+0.309%—$6.5M—as long as short