Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.004%
Price spread now: KuCoin against Bybit+0.025%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$170as in the Price arb table
costs, in and out, $10k−$1751.748% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 7 days−0.005%$0 · spread now +0.025%, 7d avg −0.027%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.051% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.027%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COINUSDT | 201.91 | 0 | get 0.0000% / 8h | 1h 45m | $5.0M | $5.9M | 50x |
| Short | KuCoin COINUSDTM | 201.96 | 0.0100 | get 0.0100% / 8h | 1h 45m | $1.0M | $144K | 20x |
Bybit COINUSDT
KuCoin COINUSDTMFunding 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: +0.025% → −0.027%
- $5.14
- Slippage, 4 orders
- −$151.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$148.7
- Costs to cover
- 1.748%
- Break-even
- 56.6 days
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 5 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, 3 min ago | 2.47 bp | 12.1 bp −$12 | 27.3 bp −$273 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 11.63 bp | 74.2 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 201.41 | −0.248% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.96 | +0.023% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.94 | +0.016% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.98 | +0.035% | $15.6M | $76.7M | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 201.91 | long leg | $5.0M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.99 | +0.040% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 201.92 | +0.005% | $1.3M | $6.9M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.94 | +0.014% | $759K | $983K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.95 | +0.021% | $16K | $2.0M | 10x | as long as short |
| Bitget COINUSDT | +0.0012% | 8h | 202.01 | +0.050% | $6.9M | $9.9M | 20x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Bitget COINUSDTShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0016% | 1h | 201.96 | +0.025% | $1.4M | $3.8M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.95 | +0.020% | $435K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 202.10 | +0.094% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.81 | −0.050% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.83 | −0.040% | $147K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.96 | +0.025% | $80 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.66 | −0.124% | $352K | $3.2M | 10x | as long as short |
| Lighter COIN | +0.0072% | 1h | 201.98 | +0.036% | $368K | $2.0M | 10x | as long as short |
| KuCoin COINUSDTMshort | +0.0100% | 8h | 201.96 | +0.025% | $1.0M | $144K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.91 | 0.000% | $91K | $429K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.92 | +0.005% | $584 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.94 | +0.017% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 202.05 | +0.069% | $200K | $336K | 20x | as long as short |
| tradeXYZ xyz:COIN | +0.0169% | 1h | 201.81 | −0.050% | $16.4M | $13.1M | 10x | as long as short |
| Phoenix COIN | +0.0198% | 1h | 201.99 | +0.040% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0605% | 4h | 201.95 | +0.019% | $52K | $294K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Lighter COIN
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
tradeXYZ xyz:COIN
Phoenix COIN
edgeX COINUSDC