Funding you earn now, next payment 04:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.005%
Price spread now: Bybit against KuCoin−0.042%7-day average +0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$971as in the Funding arb table
Net, price: spread back to 7d avg − costs−$958as in the Price arb table
costs, in and out, $10k−$9459.455% of the position
Funding, last 7 days−0.251%−$25 on $10k
+Price spread, last 4 days (all we have)+0.389%+$39 · spread now −0.042%, 7d avg +0.088%
=Funding pays, the price is against you. Bybit is 0.129% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.088%). If the spread goes back, that is −$13 on $10k: about 31 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.251%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ZRXUSDTM | 0.1200 | 0.0086 | pay 0.0043% / 4h | 47m 11s | $323K | $45K | 30x |
| Short | Bybit ZRXUSDT | 0.1200 | 0.0100 | get 0.0100% / 8h | 4h 47m | $1.4M | $345K | 25x |
KuCoin ZRXUSDTM
Bybit ZRXUSDTFunding 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
- $2.94
- Price spread: −0.042% → +0.088%
- −$12.93
- Slippage, 4 orders
- −$922.46
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$955.45
- Costs to cover
- 9.455%
- Break-even
- 2281.9 days
Slippage from KuCoin: live order book, 35 min ago; Bybit: live order book, 4 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, 35 min ago | 24.75 bp | 382.3 bp −$382 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.98 bp | 69.3 bp −$69 | 197.7 bp −$1,977 | doesn't fit | doesn't fit |
ZRX 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ZRXUSDTMlong | +0.0086% | 4h | 0.1200 | long leg | $323K | $45K | 30x | |
| BloFin ZRX-USDT | +0.0098% | 4h | 0.1200 | 0.000% | $95K | $23K | 50x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1200 | +0.032% | $1.8M | $1.3M | 50x | as long as short |
| Bybit ZRXUSDTshort | +0.0100% | 8h | 0.1200 | −0.042% | $1.4M | $345K | 25x | |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1201 | +0.075% | $528K | $344K | 20x | as long as short |
| Gate ZRX_USDT | +0.0100% | 8h | 0.1200 | +0.033% | $145K | $42K | 75x | as long as short |
| MEXC ZRX_USDT | +0.0100% | 4h | 0.1200 | 0.000% | $907K | $168K | 50x | as long as short |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1200 | 0.000% | $577K | $122K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1201 | +0.083% | — | $2.3M | — | as long as short |
| Variational Omni ZRX | +0.0100% | 8h | 0.1204 | +0.316% | $23K | $18K | — | as long as short |
BloFin ZRX-USDT
Binance ZRXUSDT
OKX ZRX-USDT-SWAP
Gate ZRX_USDT
MEXC ZRX_USDT
Bitget ZRXUSDT
BingX ZRX-USDT
Variational Omni ZRXShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ZRXUSD | +0.0972% | 1h | 0.1204 | +0.355% | $39K | $4K | 10x | as long as short |
Kraken Futures PF_ZRXUSD