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Funding arb · Price arb /

BNC

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.1052%/8h= −115.1% APRnext payment −$10.52 per $10,000 · paid last 24h +0.145%
Price spread now: Bybit against KuCoin+0.095%7-day average −0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$463as in the Funding arb table
Net, price: spread back to 7d avg − costs−$448as in the Price arb table
costs, in and out, $10k−$4654.655% of the position
Long on KuCoinShort on Bybit
What this pair did over the last
the charts below follow
Funding, last 7 days+0.030%+$3 on $10k
Price spread, last 7 days−0.176%−$18 · spread now +0.095%, 7d avg −0.077%
Together, before fees−0.146%−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.172% dearer against KuCoin than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of −0.077%): +$17 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 13 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.030% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin BNCUSDTM6.32500.0100pay 0.0100% / 8h4h 17m$44K$3.0M20x
ShortBybit BNCUSDT6.3310−0.0952pay 0.0952% / 8h4h 17m$587K$2.2M25x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$220.82
Price spread: +0.095% → −0.077%
$17.23
Slippage, 4 orders
−$442.48
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$669.07
Costs to cover
4.655%
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 min ago; Bybit: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 4 min ago11.87 bp108.2 bp −$108doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago4.76 bp112.0 bp −$112234.4 bp −$2,344doesn't fitdoesn't fit

BNC on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BNCUSDT−0.3394%8h6.3487+0.375%$795K$4.4M5xas long as short
Bybit BNCUSDTshort−0.0952%8h6.3310+0.095%$587K$2.2M25x
QFEX BNC-USD−0.0400%1h6.3200−0.079%$51K$40K10xas long as short
Binance BNCUSDT−0.0261%8h6.3308+0.092%$13.5M$41.5M10xas long as short
Variational Omni BNC−0.0141%8h6.2958−0.461%$119K$142K—as long as short
Aster BNCUSD10.0000%8h6.3108−0.224%$181K$22K10xas long as short
Bullet BNC-USD0.0000%1h6.3520+0.427%$9K$69K10xas long as short
HTX BNC-USDT0.0000%8h6.3090−0.253%$14K$31K10xas long as short
KuCoin BNCUSDTMlong+0.0100%8h6.3250long leg$44K$3.0M20x