BX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0761%/8h= −83.3% APRnext payment −$7.61 per $10,000 · paid last 24h −0.030%

Price spread now: Bybit against KuCoin+0.103%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$742as in the Funding arb table

Net, price: spread back to 7d avg − costs−$718as in the Price arb table

costs, in and out, $10k−$7257.247% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.169%−$17 on $10k

Price spread, last 4 days (all we have)−0.146%−$15 · spread now +0.103%, 7d avg +0.031%

Together, before fees−0.315%−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.072% dearer against KuCoin than usual: you sell high and buy low (spread +0.103% now, against its 7-day average of +0.031%): +$7 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.169% in total) that is about 3.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.169% in total (about -8.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.61 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 BXUSDTM	126.37	0.0761	pay 0.0761% / 8h	1h 20m	$112K	$1.1M	20x
Short	Bybit BXUSDT	126.50	0	get 0.0000% / 8h	1h 20m	$499K	$856K	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 +0.103%Rate

Funding earned: −$159.81
Price spread: +0.103% → +0.031%: $7.16
Slippage, 4 orders: −$701.73
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$877.38
Costs to cover: 7.247%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bybit: live order book, 60 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, 5 min ago	9.49 bp	263.8 bp −$264	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 60 min ago	2.37 bp	96.2 bp −$96	244.7 bp −$2,447	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
QFEX BX-USD	−0.0080%	1h	131.43	+4.004%	$1.1M	$1.3M	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.24	−0.107%	$5K	$2K	20x	as long as short
Bybit BXUSDTshort	0.0000%	8h	126.50	+0.103%	$499K	$856K	25x
Gate BX_USDT	0.0000%	8h	126.65	+0.222%	$425K	$20K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.45	+0.063%	$902K	$46K	20x	as long as short
SunX BX-USDT	0.0000%	8h	126.48	+0.087%	$601	$302K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.59	+0.174%	$7K	$3K	20x	as long as short
OKX BX-USDT-SWAP	+0.0115%	8h	126.37	0.000%	$159K	$101K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	126.28	−0.071%	$963	$27K	12x	as long as short
tradeXYZ xyz:BX	+0.0506%	1h	126.44	+0.055%	$663K	$180K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTMlong	+0.0761%	8h	126.37	long leg	$112K	$1.1M	20x
Variational Omni BX	+0.0795%	8h	126.48	+0.086%	$31K	$127	—	as long as short
Binance BXUSDT	+0.1086%	8h	126.49	+0.095%	$804K	$454K	20x	as long as short
GRVT BX_USDT_Perp	+0.1918%	8h	126.55	+0.142%	$432	$127K	10x	as long as short