Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.024%
Price spread now: Bybit against KuCoin+0.024%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1151.155% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 7 days+0.006%+$1 · spread now +0.024%, 7d avg +0.053%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.029% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.053%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin AAPLUSDTM | 338.75 | 0.0100 | pay 0.0100% / 8h | 5h 12m | $1.4M | $27K | 20x |
| Short | Bybit AAPLUSDT | 338.83 | 0 | get 0.0000% / 8h | 5h 12m | $6.0M | $39.2M | 100x |
KuCoin AAPLUSDTM
Bybit AAPLUSDTFunding 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
- −$21
- Price spread: +0.024% → +0.053%
- −$2.91
- Slippage, 4 orders
- −$92.49
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$139.4
- Costs to cover
- 1.155%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 1 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, 3 min ago | 6.49 bp | 42.0 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.15 bp | 6.1 bp −$6 | 8.5 bp −$85 | 34.0 bp −$3,402 | doesn't fit |
AAPL on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX AAPLUSDC | −0.0937% | 4h | 338.83 | +0.023% | $81K | $327K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0075% | 1h | 338.53 | −0.065% | $28K | $67K | 10x | as long as short |
| Nado AAPL-PERP | −0.0042% | 1h | 338.70 | −0.015% | $554K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.85 | +0.030% | $122K | $291K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 338.74 | −0.002% | $285K | $2.0M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 338.83 | +0.024% | $22.2M | $66.9M | 25x | as long as short |
| Bybit AAPLUSDTshort | 0.0000% | 8h | 338.83 | +0.024% | $6.0M | $39.2M | 100x | |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.87 | +0.035% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.58 | −0.050% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 338.94 | +0.056% | $6.2M | $3.5M | 100x | as long as short |
edgeX AAPLUSDC
Deribit AAPL_USDC-PERPETUAL
Nado AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 338.92 | +0.049% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.84 | +0.027% | $17K | $424K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.83 | +0.024% | $600 | $4.6M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 338.95 | +0.059% | $53K | $224K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.85 | +0.030% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0013% | 1h | 338.82 | +0.021% | $3.2M | $4.8M | 10x | as long as short |
| BloFin AAPL-USDT | +0.0021% | 8h | 338.87 | +0.035% | $344K | $169K | 20x | as long as short |
| Hotstuff AAPL-PERP | +0.0024% | 1h | 338.75 | 0.000% | $36K | — | 20x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.68 | −0.022% | $771K | $2.5M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.72 | −0.009% | $947K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 338.76 | +0.003% | $269K | $69K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.60 | −0.044% | — | $45K | 25x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0048% | 1h | 338.78 | +0.009% | $659K | $672K | 10x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.56 | −0.056% | $261K | $370K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.74 | −0.003% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.64 | −0.032% | $1.3M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:AAPL | +0.0070% | 1h | 338.74 | −0.003% | $40.7M | $75.8M | 20x | as long as short |
| KuCoin AAPLUSDTMlong | +0.0100% | 8h | 338.75 | long leg | $1.4M | $27K | 20x | |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.65 | −0.030% | $946K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.75 | 0.000% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.71 | −0.012% | $10K | — | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.62 | −0.038% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0259% | 1h | 338.87 | +0.035% | $5K | $11K | 20x | as long as short |
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
BloFin AAPL-USDT
Hotstuff AAPL-PERP
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Coinbase International AAPL-PERP-INTX
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
tradeXYZ xyz:AAPL
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL