Funding you earn now, next payment 08:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.68 per $10,000 · paid last 24h −0.030%
Price spread now: Bybit against KuCoin−0.044%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$307as in the Funding arb table
Net, price: spread back to 7d avg − costs−$295as in the Price arb table
costs, in and out, $10k−$2902.902% of the position
Funding, last 7 days−0.169%−$17 on $10k
+Price spread, last 4 days (all we have)−0.102%−$10 · spread now −0.044%, 7d avg +0.006%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.050% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.006%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BEUSDTM | 274.30 | 0.0100 | pay 0.0100% / 8h | 3h 28m | $370K | $20K | 20x |
| Short | Bybit BEUSDT | 274.18 | 0.0032 | get 0.0032% / 8h | 3h 28m | $2.0M | $1.1M | 25x |
KuCoin BEUSDTM
Bybit BEUSDTFunding 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
- −$14.21
- Price spread: −0.044% → +0.006%
- −$4.99
- Slippage, 4 orders
- −$267.15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$309.35
- Costs to cover
- 2.902%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 44 min ago; Bybit: live order book, 3 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, 44 min ago | 18.89 bp | 87.7 bp −$88 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.55 bp | 23.2 bp −$23 | 170.3 bp −$1,703 | doesn't fit | doesn't fit |
BE on 21 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 BEUSDT | 0.0000% | 8h | 274.30 | +0.002% | $345K | $119K | 20x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 274.30 | 0.000% | $1.4M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 274.57 | +0.098% | $1.7M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perp | 0.0000% | 8h | 274.26 | −0.013% | $7K | $163K | 10x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 274.50 | +0.073% | $1K | $2.4M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 274.54 | +0.087% | $13K | $35K | 20x | as long as short |
| Binance BEUSDT | +0.0023% | 8h | 274.42 | +0.042% | $8.5M | $36.6M | 25x | as long as short |
| Extended BE-USD | +0.0024% | 1h | 274.17 | −0.046% | $46K | $260K | 10x | as long as short |
| Lighter BE | +0.0032% | 1h | 273.90 | −0.146% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 274.14 | −0.058% | $250K | $290K | 10x | as long as short |
Aster BEUSDT
Gate BE_USDT
Bitget BEUSDT
GRVT BE_USDT_Perp
SunX BE-USDT
HTX BE-USDT
Binance BEUSDT
Extended BE-USD
Lighter BE
Lighter RH BEShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit BEUSDTshort | +0.0032% | 8h | 274.18 | −0.044% | $2.0M | $1.1M | 25x | |
| QFEX BE-USD | +0.0036% | 1h | 274.36 | +0.022% | $1.3M | $2.6M | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 274.15 | −0.055% | $114K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 274.33 | +0.011% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 274.24 | −0.022% | $5.9M | $2.7M | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0064% | 1h | 273.33 | −0.354% | $473K | $132K | 10x | as long as short |
| BloFin BE-USDT | +0.0093% | 8h | 274.50 | +0.073% | $45K | $142K | 20x | as long as short |
| KuCoin BEUSDTMlong | +0.0100% | 8h | 274.30 | long leg | $370K | $20K | 20x | |
| Aevo BE-PERP | +0.0104% | 1h | 274.50 | +0.073% | — | — | 10x | as long as short |
| OKX BE-USDT-SWAP | +0.0119% | 8h | 274.56 | +0.095% | $2.7M | $6.9M | 25x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0588% | 1h | 274.62 | +0.117% | $7K | $4K | 10x | as long as short |
QFEX BE-USD
Arcus BE-USD
Vest BE-USD-PERP
tradeXYZ xyz:BE
Coinbase International BE-PERP-INTX
BloFin BE-USDT
Aevo BE-PERP
OKX BE-USDT-SWAP
Deribit BE_USDC-PERPETUAL