Settings8H · net · $10k
Funding arb · Price arb /

USTC

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit−0.188%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$892as in the Funding arb table
Net, price: spread back to 7d avg − costs−$901as in the Price arb table
costs, in and out, $10k−$8928.922% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.188%, 7d avg −0.105%
Together, before fees+0.180%+$18 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.083% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.105%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit USTCUSDT0.0058570.0100pay 0.0050% / 4h1h 39m$366K$238K20x
ShortKuCoin USTCUSDTM0.0058460.0100get 0.0050% / 4h1h 39m$508K$68K30x

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

Profit calculator

Funding earned
$0
Price spread: −0.188% → −0.105%
−$8.32
Slippage, 4 orders
−$869.2
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$900.52
Costs to cover
8.922%
Break-even
never at this rate
Slippage from Bybit: live order book, 15 min ago; KuCoin: live order book, 58 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 Bybit live order book, 15 min ago5.99 bp344.7 bp −$345doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 58 min ago29.22 bp214.0 bp −$214660.6 bp −$6,606doesn't fitdoesn't fit

USTC on 7 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
Binance USTCUSDT+0.0100%4h0.005861+0.068%$1.2M$2.5M50xas long as short
Bybit USTCUSDTlong+0.0100%4h0.005857long leg$366K$238K20x
Gate USTC_USDT+0.0100%4h0.005840−0.290%$69K$67K25xas long as short
MEXC USTC_USDT+0.0100%4h0.005861+0.068%$566K$159K100xas long as short
KuCoin USTCUSDTMshort+0.0100%4h0.005846−0.188%$508K$68K30x
Bitget USTCUSDT+0.0100%4h0.005859+0.034%$222K$125K50xas long as short
Variational Omni USTC+0.0100%4h0.005859+0.040%$3K$2Kas long as short