Funding you earn now, next payment 16:00 UTC−0.1529%/8h= −167.5% APRnext payment −$15.29 per $10,000 · paid last 24h −0.146%
Price spread now: KuCoin against Bybit+0.058%7-day average −0.138% · you sell dearer than you buy
Net, funding: paid 7d − costs−$881as in the Funding arb table
Net, price: spread back to 7d avg − costs−$845as in the Price arb table
costs, in and out, $10k−$8648.642% of the position
Funding, last 7 days−0.172%−$17 on $10k
+Price spread, last 4 days (all we have)−0.554%−$55 · spread now +0.058%, 7d avg −0.138%
=The price spread pays, funding is against you. KuCoin is 0.197% dearer against Bybit than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of −0.138%): +$20 on $10k if it goes back. Holding the pair costs −$46 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.172% in total) that is about 8.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.172% in total (about -9.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$15.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BBXUSDT | 8.5550 | 0.1629 | pay 0.1629% / 8h | 6h 58m | $439K | $244K | 25x |
| Short | KuCoin BBXUSDTM | 8.5600 | 0.0100 | get 0.0100% / 8h | 6h 58m | $135K | $343K | 20x |
Bybit BBXUSDT
KuCoin BBXUSDTMFunding 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
- −$321.18
- Price spread: +0.058% → −0.138%
- $19.67
- Slippage, 4 orders
- −$841.18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,165.69
- Costs to cover
- 8.642%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 24 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 | 5.26 bp | 139.5 bp −$140 | 223.9 bp −$2,239 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 24 min ago | 11.78 bp | 238.0 bp −$238 | doesn't fit | doesn't fit | doesn't fit |
BBX on 9 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 BBXUSDT | 0.0000% | 8h | 8.5122 | −0.500% | $5K | $7K | 20x | as long as short |
| SunX BBX-USDT | 0.0000% | 8h | 8.5400 | −0.175% | $979 | $572K | 10x | as long as short |
| HTX BBX-USDT | 0.0000% | 8h | 8.5500 | −0.058% | $7K | $2K | 10x | as long as short |
| GRVT BBX_USDT_Perp | +0.0009% | 8h | 8.5544 | −0.006% | $437 | $122K | 10x | as long as short |
| Variational Omni BBX | +0.0050% | 8h | 8.5484 | −0.077% | $143K | $9K | — | as long as short |
| KuCoin BBXUSDTMshort | +0.0100% | 8h | 8.5600 | +0.058% | $135K | $343K | 20x | |
| Binance BBXUSDT | +0.0223% | 8h | 8.5510 | −0.047% | $1.2M | $2.0M | 20x | as long as short |
| Bybit BBXUSDTlong | +0.1629% | 8h | 8.5550 | long leg | $439K | $244K | 25x | |
| Nado BBX-PERP | +0.1702% | 1h | 8.5224 | −0.381% | $59K | $13K | 3x | as long as short |
Aster BBXUSDT
SunX BBX-USDT
HTX BBX-USDT
GRVT BBX_USDT_Perp
Variational Omni BBX
Binance BBXUSDT
Nado BBX-PERP