Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Bybit−0.129%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$173as in the Funding arb table
Net, price: spread back to 7d avg − costs−$201as in the Price arb table
costs, in and out, $10k−$1901.900% of the position
Funding, last 7 days+0.172%+$17 on $10k
+Price spread, last 4 days (all we have)+0.772%+$77 · spread now −0.129%, 7d avg −0.023%
=Funding pays, the price is against you. KuCoin is 0.107% cheaper against Bybit than usual: you would sell low and buy high (spread −0.129% now, against its 7-day average of −0.023%). If the spread goes back, that is −$11 on $10k: about 3.6 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AXTIUSDT | 77.280 | 0 | get 0.0000% / 8h | 7h 19m | $1.8M | $1.5M | 25x |
| Short | KuCoin AXTIUSDTM | 77.180 | 0.0100 | get 0.0100% / 8h | 7h 19m | $584K | $575K | 20x |
Funding 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
- $21
- Price spread: −0.129% → −0.023%
- −$10.65
- Slippage, 4 orders
- −$166.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$179.65
- Costs to cover
- 1.900%
- Break-even
- 66.9 days
Slippage from Bybit: live order book, 2 min ago; KuCoin: 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 Bybit live order book, 2 min ago | 5.82 bp | 19.9 bp −$20 | 158.0 bp −$1,580 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 22.77 bp | 62.0 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
AXTI on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget AXTIUSDT | −0.1378% | 8h | 77.300 | +0.026% | $1.1M | $3.9M | 20x | as long as short |
| Aster AXTIUSDT | 0.0000% | 8h | 77.067 | −0.276% | $7K | $124K | 20x | as long as short |
| Extended AXTI-USD | 0.0000% | 1h | 77.291 | +0.015% | $11K | $292K | 10x | as long as short |
| Binance AXTIUSDT | 0.0000% | 8h | 77.300 | +0.026% | $8.0M | $37.4M | 20x | as long as short |
| Bybit AXTIUSDTlong | 0.0000% | 8h | 77.280 | long leg | $1.8M | $1.5M | 25x | |
| OKX AXTI-USDT-SWAP | 0.0000% | 8h | 77.230 | −0.065% | $2.6M | $11.7M | 20x | as long as short |
| Gate AXTI_USDT | 0.0000% | 8h | 77.250 | −0.039% | $1.6M | $6.5M | 50x | as long as short |
| GRVT AXTI_USDT_Perp | 0.0000% | 8h | 77.270 | −0.013% | $648 | $210K | 10x | as long as short |
| SunX AXTI-USDT | 0.0000% | 8h | 76.630 | −0.841% | $993 | $869K | 10x | as long as short |
| HTX AXTI-USDT | 0.0000% | 8h | 77.310 | +0.039% | $19K | $33K | 20x | as long as short |
Show all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX AXTI-USD | +0.0005% | 1h | 77.320 | +0.052% | $1.1M | $1.9M | 10x | as long as short |
| Lighter AXTI | +0.0032% | 1h | 77.220 | −0.078% | — | — | 10x | as long as short |
| KuCoin AXTIUSDTMshort | +0.0100% | 8h | 77.180 | −0.129% | $584K | $575K | 20x | |
| Aevo AXTI-PERP | +0.0104% | 1h | 77.277 | −0.004% | — | — | 10x | as long as short |
Bybit AXTIUSDT
KuCoin AXTIUSDTM
Bitget AXTIUSDT
Aster AXTIUSDT
Extended AXTI-USD
Binance AXTIUSDT
OKX AXTI-USDT-SWAP
Gate AXTI_USDT
GRVT AXTI_USDT_Perp
SunX AXTI-USDT
HTX AXTI-USDT
Lighter AXTI