Funding you earn now, next payment 08:00 UTC+0.0402%/8h= +44.0% APRnext payment +$4.02 per $10,000 · paid last 24h +0.122%
Price spread now: Bybit against KuCoin−0.374%7-day average +0.138% · you buy dearer than you sell
Net, funding: paid 7d − costs−$736as in the Funding arb table
Net, price: spread back to 7d avg − costs−$801as in the Price arb table
costs, in and out, $10k−$7507.498% of the position
Funding, last 7 days+0.136%+$14 on $10k
+Price spread, last 4 days (all we have)+0.591%+$59 · spread now −0.374%, 7d avg +0.138%
=Funding pays, the price is against you. Bybit is 0.512% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.374% now, against its 7-day average of +0.138%). If the spread goes back, that is −$51 on $10k: about 4.2 days of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.136% in total) that is about 26 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.136% in total (about 7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.02 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 | KuCoin BBXUSDTM | 8.5600 | 0.0100 | pay 0.0100% / 8h | 39m 13s | $136K | $367K | 20x |
| Short | Bybit BBXUSDT | 8.5280 | 0.0502 | get 0.0502% / 8h | 39m 13s | $436K | $255K | 25x |
KuCoin BBXUSDTM
Bybit BBXUSDTFunding 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
- $84.38
- Price spread: −0.374% → +0.138%
- −$51.16
- Slippage, 4 orders
- −$726.75
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$716.53
- Costs to cover
- 7.498%
- Break-even
- 66.4 days
Slippage from KuCoin: live order book, 64 min ago; Bybit: live order book, 31 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, 64 min ago | 5.82 bp | 300.3 bp −$300 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 31 min ago | 3.52 bp | 102.4 bp −$102 | 210.1 bp −$2,101 | 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 | 8.5233 | −0.429% | $4K | $7K | 20x | as long as short |
| GRVT BBX_USDT_Perp | 0.0000% | 8h | 8.5318 | −0.329% | $436 | $128K | 10x | as long as short |
| SunX BBX-USDT | 0.0000% | 8h | 8.5200 | −0.467% | $700 | $598K | 10x | as long as short |
| HTX BBX-USDT | 0.0000% | 8h | 8.5400 | −0.234% | $7K | $2K | 10x | as long as short |
| KuCoin BBXUSDTMlong | +0.0100% | 8h | 8.5600 | long leg | $136K | $367K | 20x | |
| Variational Omni BBX | +0.0170% | 8h | 8.5313 | −0.335% | $145K | $9K | — | as long as short |
| Nado BBX-PERP | +0.0237% | 1h | 8.5223 | −0.440% | $59K | $13K | 3x | as long as short |
| Binance BBXUSDT | +0.0362% | 8h | 8.5260 | −0.397% | $1.2M | $2.0M | 20x | as long as short |
| Bybit BBXUSDTshort | +0.0502% | 8h | 8.5280 | −0.374% | $436K | $255K | 25x |
Aster BBXUSDT
GRVT BBX_USDT_Perp
SunX BBX-USDT
HTX BBX-USDT
Variational Omni BBX
Nado BBX-PERP
Binance BBXUSDT