BOT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.2011%/8h= +220.2% APRnext payment +$20.11 per $10,000 · paid last 24h +0.135%

Price spread now: Bybit against KuCoin+0.102%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$934as in the Funding arb table

Net, price: spread back to 7d avg − costs−$906as in the Price arb table

costs, in and out, $10k−$9189.178% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.160%−$16 on $10k

Price spread, last 4 days (all we have)−0.234%−$23 · spread now +0.102%, 7d avg −0.017%

Together, before fees−0.394%−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$60 a day on $10k at the current rate, and Bybit is 0.119% dearer against KuCoin than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.017%. Mind the row above: over the last 7 days funding on this pair cost −0.160%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.160% in total (about -8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$20.11 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 BOTUSDTM	29.490	−0.2011	get 0.2011% / 8h	7h 37m	$97K	$312K	20x
Short	Bybit BOTUSDT	29.520	0	get 0.0000% / 8h	7h 37m	$569K	$330K	25x

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

Position, each leg$Hold fordaysFee KuCoinbpFee BybitbpOrdersPrice spread, now +0.102%Rate

Funding earned: $422.31
Price spread: +0.102% → −0.017%: $11.88
Slippage, 4 orders: −$894.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$483.56
Costs to cover: 9.178%
Break-even: 15.0 days

Slippage from KuCoin: live order book, 14 min ago; Bybit: live order book, 27 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, 14 min ago	23.79 bp	338.2 bp −$338	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 27 min ago	8.52 bp	84.8 bp −$85	219.5 bp −$2,195	doesn't fit	doesn't fit

BOT on 12 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
Arcus BOT-USD	−0.9989%	1h	29.480	−0.034%	$3K	$8K	5x	as long as short
KuCoin BOTUSDTMlong	−0.2011%	8h	29.490	long leg	$97K	$312K	20x
Binance BOTUSDT	−0.1636%	8h	29.485	−0.017%	$452K	$1.2M	10x	as long as short
Variational Omni BOT	−0.1574%	8h	29.465	−0.083%	$32K	$20K	—	as long as short
OKX BOT-USDT-SWAP	−0.1307%	8h	29.540	+0.170%	$237K	$228K	20x	as long as short
QFEX BOT-USD	−0.0049%	1h	29.480	−0.034%	$1.2M	$522K	10x	as long as short
Bybit BOTUSDTshort	0.0000%	8h	29.520	+0.102%	$569K	$330K	25x
Gate BOT_USDT	0.0000%	8h	29.520	+0.102%	$251K	$227K	20x	as long as short
Bitget BOTUSDT	0.0000%	8h	29.510	+0.068%	$251K	$129K	5x	as long as short
Lighter BOT	+0.0032%	1h	29.667	+0.600%	$68K	$4K	3x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BOT-USDT	+0.0100%	8h	29.508	+0.061%	$3K	$34K	10x	as long as short
tradeXYZ xyz:BOT	+0.1019%	1h	29.495	+0.017%	$3.1M	$821K	10x	as long as short