Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Bybit against KuCoin+0.043%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$219as in the Funding arb table
Net, price: spread back to 7d avg − costs−$201as in the Price arb table
costs, in and out, $10k−$1981.985% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.043%, 7d avg +0.069%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.026% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.069%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BABAUSDTM | 115.88 | 0.0100 | pay 0.0100% / 8h | 2h 09m | $601K | $674K | 20x |
| Short | Bybit BABAUSDT | 115.93 | 0 | get 0.0000% / 8h | 2h 09m | $2.2M | $614K | 25x |
KuCoin BABAUSDTM
Bybit BABAUSDTFunding 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: +0.043% → +0.069%
- −$2.56
- Slippage, 4 orders
- −$175.48
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$222.04
- Costs to cover
- 1.985%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 7 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 | 14.24 bp | 93.3 bp −$93 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 7 min ago | 3.02 bp | 17.4 bp −$17 | 113.9 bp −$1,139 | doesn't fit | doesn't fit |
BABA on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BABAUSDT | 0.0000% | 8h | 116.10 | +0.186% | $73K | $25K | 20x | as long as short |
| Bybit BABAUSDTshort | 0.0000% | 8h | 115.93 | +0.043% | $2.2M | $614K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 115.98 | +0.086% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 115.99 | +0.095% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABA | 0.0000% | 8h | 115.97 | +0.076% | $300K | $620K | — | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 115.97 | +0.078% | $734 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 115.99 | +0.095% | $37K | $2K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0025% | 8h | 116.02 | +0.125% | $3K | $271K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.13 | +0.216% | $384K | $51K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 115.94 | +0.052% | $445K | $595K | 10x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
Variational Omni BABA
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Lighter RH BABAShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.035% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0042% | 1h | 115.95 | +0.060% | $1.2M | $5.0M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 115.97 | +0.078% | — | $9K | 10x | as long as short |
| Binance BABAUSDT | +0.0048% | 8h | 115.96 | +0.068% | $15.4M | $21.1M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0048% | 1h | 115.95 | +0.057% | $42K | $383K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 115.93 | +0.043% | $12.1M | $3.0M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 115.89 | +0.009% | $10K | $263K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 115.91 | +0.026% | $249K | $336K | 10x | as long as short |
| KuCoin BABAUSDTMlong | +0.0100% | 8h | 115.88 | long leg | $601K | $674K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.00 | +0.104% | $2K | $1K | 10x | as long as short |
| Phoenix BABA | +0.0207% | 1h | 115.96 | +0.069% | $79K | $129K | 10x | as long as short |
| Arcus BABA-USD | +0.0643% | 1h | 115.96 | +0.069% | $79K | $93K | 10x | as long as short |
Injective BABA/USDC PERP
QFEX BABA-USD
Vest BABA-USD-PERP
Binance BABAUSDT
Extended BABA_24_5-USD
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Arcus BABA-USD