Funding you earn now, next payment 08:00 UTC−0.0213%/8h= −23.3% APRnext payment −$2.13 per $10,000 · paid last 24h +0.048%
Price spread now: KuCoin against Bybit+0.572%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,031as in the Funding arb table
Net, price: spread back to 7d avg − costs−$978as in the Price arb table
costs, in and out, $10k−$1,03610.358% of the position
Funding, last 7 days+0.048%+$5 on $10k
+Price spread, last 4 days (all we have)−0.748%−$75 · spread now +0.572%, 7d avg −0.010%
=The price spread pays, funding is against you. KuCoin is 0.582% dearer against Bybit than usual: you sell high and buy low (spread +0.572% now, against its 7-day average of −0.010%): +$58 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 9.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.048% in total (about 2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.13 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 | Bybit WAVESUSDT | 0.2799 | 0.0313 | pay 0.0313% / 8h | 2h 38m | $1.6M | $1.5M | 20x |
| Short | KuCoin WAVESUSDTM | 0.2815 | 0.0100 | get 0.0100% / 8h | 2h 38m | $360K | $35K | 20x |
Bybit WAVESUSDT
KuCoin WAVESUSDTMFunding 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
- −$44.66
- Price spread: +0.572% → −0.010%
- $58.19
- Slippage, 4 orders
- −$1,012.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,022.27
- Costs to cover
- 10.358%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 19 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, 3 min ago | 7.13 bp | 58.6 bp −$59 | 221.5 bp −$2,215 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 19 min ago | 38.90 bp | 415.3 bp −$415 | doesn't fit | doesn't fit | doesn't fit |
WAVES on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin WAVESUSDTMshort | +0.0100% | 8h | 0.2815 | +0.572% | $360K | $35K | 20x | |
| Bybit WAVESUSDTlong | +0.0313% | 8h | 0.2799 | long leg | $1.6M | $1.5M | 20x | |
| MEXC WAVES_USDT | +0.0317% | 8h | 0.2802 | +0.107% | $468K | $128K | 20x | as long as short |
| BingX WAVES-USDT | +0.0318% | 8h | 0.2802 | +0.107% | — | $1.3M | — | as long as short |
| BloFin WAVES-USDT | +0.0329% | 8h | 0.2806 | +0.250% | $90K | $23K | 20x | as long as short |
| Variational Omni WAVES | +0.0377% | 8h | 0.2807 | +0.288% | $275 | $2K | — | as long as short |
MEXC WAVES_USDT
BingX WAVES-USDT
BloFin WAVES-USDT
Variational Omni WAVES