Funding you earn now, next payment 08:00 UTC+0.0141%/8h= +15.4% APRnext payment +$1.41 per $10,000 · paid last 24h +0.038%
Price spread now: Bybit against KuCoin+0.106%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$370.369% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 7 days−0.049%−$5 · spread now +0.106%, 7d avg +0.066%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.041% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.066%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USDCUSDTM | 0.9990 | −0.0141 | get 0.0141% / 8h | 4h 02m | $2.5M | $20K | 30x |
| Short | Bybit USDCUSDT | 1.0001 | 0 | get 0.0000% / 8h | 4h 02m | $9.5M | $347K | 50x |
KuCoin USDCUSDTM
Bybit USDCUSDTFunding 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
- $29.61
- Price spread: +0.106% → +0.066%
- $4.05
- Slippage, 4 orders
- −$13.86
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$3.2
- Costs to cover
- 0.369%
- Break-even
- 7.8 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 5 min ago | 4.50 bp | 10.5 bp −$11 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.50 bp | 6.0 bp −$6 | 9.0 bp −$90 | 147.9 bp −$14.8K | doesn't fit |
USDC 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC USDC_USDT | −0.0144% | 8h | 0.9996 | +0.054% | $20.8M | $744K | 200x | as long as short |
| Binance USDCUSDT | −0.0144% | 8h | 0.9996 | +0.053% | $4.7M | $4.5M | 50x | as long as short |
| KuCoin USDCUSDTMlong | −0.0141% | 8h | 0.9990 | long leg | $2.5M | $20K | 30x | |
| Bitget USDCUSDT | −0.0131% | 8h | 0.9995 | +0.046% | $4.3M | $16K | 50x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0097% | 1h | 0.9998 | +0.071% | $14K | $924 | 50x | as long as short |
| Bybit USDCUSDTshort | 0.0000% | 8h | 1.0001 | +0.106% | $9.5M | $347K | 50x | |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.095% | $1.1M | $42K | 50x | as long as short |
| Gate USDC_USDT | +0.0049% | 8h | 0.9992 | +0.016% | $253K | $40K | 50x | as long as short |
MEXC USDC_USDT
Binance USDCUSDT
Bitget USDCUSDT
Kraken Futures PF_USDCUSD
OKX USDC-USDT-SWAP
Gate USDC_USDT