Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.138%
Price spread now: KuCoin against Bybit−0.087%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$653as in the Funding arb table
Net, price: spread back to 7d avg − costs−$688as in the Price arb table
costs, in and out, $10k−$6836.827% of the position
Funding, last 7 days+0.302%+$30 on $10k
+Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.087%, 7d avg −0.035%
=Funding pays, the price is against you. KuCoin is 0.052% cheaper against Bybit than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.035%). If the spread goes back, that is −$5 on $10k: about 42 hours of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BXUSDT | 126.21 | 0 | get 0.0000% / 8h | 3h 23m | $483K | $802K | 25x |
| Short | KuCoin BXUSDTM | 126.10 | 0.0100 | get 0.0100% / 8h | 3h 23m | $115K | $892K | 20x |
Bybit BXUSDT
KuCoin BXUSDTMFunding 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
- $21
- Price spread: −0.087% → −0.035%
- −$5.24
- Slippage, 4 orders
- −$659.75
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$666.99
- Costs to cover
- 6.827%
- Break-even
- 229.3 days
Slippage from Bybit: live order book, 26 min ago; KuCoin: live order book, 56 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, 26 min ago | 2.77 bp | 103.1 bp −$103 | 226.9 bp −$2,269 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 56 min ago | 13.88 bp | 155.3 bp −$155 | doesn't fit | doesn't fit | doesn't fit |
BX on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BX | −0.0444% | 1h | 126.21 | 0.000% | $664K | $217K | 10x | as long as short |
| Aster BXUSDT | 0.0000% | 8h | 126.17 | −0.031% | $5K | $2K | 20x | as long as short |
| Bybit BXUSDTlong | 0.0000% | 8h | 126.21 | long leg | $483K | $802K | 25x | |
| OKX BX-USDT-SWAP | 0.0000% | 8h | 126.24 | +0.024% | $163K | $111K | 20x | as long as short |
| QFEX BX-USD | 0.0000% | 1h | 127.06 | +0.673% | $1.1M | $1.5M | 10x | as long as short |
| Gate BX_USDT | 0.0000% | 8h | 126.35 | +0.111% | $422K | $28K | 20x | as long as short |
| Bitget BXUSDT | 0.0000% | 8h | 126.42 | +0.166% | $900K | $37K | 20x | as long as short |
| GRVT BX_USDT_Perp | 0.0000% | 8h | 126.27 | +0.048% | $1K | $107K | 10x | as long as short |
| SunX BX-USDT | 0.0000% | 8h | 126.26 | +0.040% | $538 | $315K | 10x | as long as short |
| HTX BX-USDT | 0.0000% | 8h | 126.46 | +0.198% | $7K | $3K | 20x | as long as short |
tradeXYZ xyz:BX
Aster BXUSDT
OKX BX-USDT-SWAP
QFEX BX-USD
Gate BX_USDT
Bitget BXUSDT
GRVT BX_USDT_Perp
SunX BX-USDT
HTX BX-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BXUSDTMshort | +0.0100% | 8h | 126.10 | −0.087% | $115K | $892K | 20x | |
| Variational Omni BX | +0.0116% | 8h | 126.21 | +0.001% | $43K | $12K | — | as long as short |
| Injective BX/USDC PERP | +0.0220% | 1h | 138.75 | +9.936% | $4K | $32K | 12x | as long as short |
| Binance BXUSDT | +0.0238% | 8h | 126.21 | 0.000% | $776K | $489K | 20x | as long as short |
Variational Omni BX
Injective BX/USDC PERP
Binance BXUSDT