Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit+0.202%7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs−$936as in the Funding arb table
Net, price: spread back to 7d avg − costs−$899as in the Price arb table
costs, in and out, $10k−$9259.245% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)−0.187%−$19 · spread now +0.202%, 7d avg −0.050%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.252% dearer against Bybit than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.050%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USUALUSDT | 0.01386 | 0.0100 | pay 0.0050% / 4h | 3h 55m | $1.0M | $738K | 25x |
| Short | KuCoin USUALUSDTM | 0.01389 | 0.0100 | get 0.0050% / 4h | 3h 55m | $266K | $48K | 20x |
Bybit USUALUSDT
KuCoin USUALUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.202% → −0.050%
- $25.22
- Slippage, 4 orders
- −$901.52
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$899.3
- Costs to cover
- 9.245%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 37 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 Bybit live order book, 5 min ago | 3.60 bp | 36.5 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 37 min ago | 18.00 bp | 507.5 bp −$508 | doesn't fit | doesn't fit | doesn't fit |
USUAL on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4152% | 1h | 0.01371 | −1.097% | $6K | $3K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0124% | 1h | 0.01385 | −0.100% | $111K | $21K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01384 | −0.159% | $393K | $180K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01384 | −0.129% | $2.2M | $3.0M | 50x | as long as short |
| Bybit USUALUSDTlong | +0.0100% | 4h | 0.01386 | long leg | $1.0M | $738K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01387 | +0.058% | $938K | $93K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01385 | −0.101% | $6.1M | $248K | 100x | as long as short |
| KuCoin USUALUSDTMshort | +0.0100% | 4h | 0.01389 | +0.202% | $266K | $48K | 20x | |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01386 | −0.014% | $798K | $383K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01386 | −0.014% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Binance USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01388 | +0.131% | $10K | $1K | — | as long as short |
Variational Omni USUAL