Funding you earn now, next payment 08:00 UTC+0.0144%/8h= +15.7% APRnext payment +$1.44 per $10,000 · paid last 24h −0.048%
Price spread now: Bybit against KuCoin+0.461%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,139as in the Price arb table
costs, in and out, $10k−$1,18411.840% of the position
Funding, last 7 days−0.048%−$5 on $10k
+Price spread, last 4 days (all we have)−0.313%−$31 · spread now +0.461%, 7d avg +0.011%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.451% dearer against KuCoin than usual: you sell high and buy low: +$45 more if the spread goes back to its 7-day average of +0.011%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin WAVESUSDTM | 0.2817 | 0.0100 | pay 0.0100% / 8h | 1h 21m | $361K | $35K | 20x |
| Short | Bybit WAVESUSDT | 0.2830 | 0.0244 | get 0.0244% / 8h | 1h 21m | $1.6M | $1.4M | 20x |
KuCoin WAVESUSDTM
Bybit WAVESUSDTFunding 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
- $30.16
- Price spread: +0.461% → +0.011%
- $45.09
- Slippage, 4 orders
- −$1,160.99
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,108.74
- Costs to cover
- 11.840%
- Break-even
- 264.4 days
Slippage from KuCoin: live order book, 22 min ago; Bybit: live order book, 5 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, 22 min ago | 37.27 bp | 663.8 bp −$664 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.77 bp | 50.0 bp −$50 | 196.6 bp −$1,966 | 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 WAVESUSDTMlong | +0.0100% | 8h | 0.2817 | long leg | $361K | $35K | 20x | |
| BingX WAVES-USDT | +0.0170% | 8h | 0.2828 | +0.390% | — | $1.3M | — | as long as short |
| MEXC WAVES_USDT | +0.0241% | 8h | 0.2829 | +0.426% | $471K | $127K | 20x | as long as short |
| Bybit WAVESUSDTshort | +0.0244% | 8h | 0.2830 | +0.461% | $1.6M | $1.4M | 20x | |
| BloFin WAVES-USDT | +0.0254% | 8h | 0.2830 | +0.461% | $90K | $22K | 20x | as long as short |
| Variational Omni WAVES | +0.0327% | 8h | 0.2827 | +0.355% | $687 | $2K | — | as long as short |
BingX WAVES-USDT
MEXC WAVES_USDT
BloFin WAVES-USDT
Variational Omni WAVES