Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.029%
Price spread now: Bybit against KuCoin−0.010%7-day average +0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$194as in the Price arb table
costs, in and out, $10k−$1901.898% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 7 days+0.097%+$10 · spread now −0.010%, 7d avg +0.027%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.037% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.027%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COINUSDTM | 197.55 | 0.0100 | pay 0.0100% / 8h | 5h 04m | $995K | $143K | 20x |
| Short | Bybit COINUSDT | 197.53 | 0 | get 0.0000% / 8h | 5h 04m | $4.9M | $5.9M | 50x |
KuCoin COINUSDTM
Bybit COINUSDTFunding 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 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: −0.010% → +0.027%
- −$3.72
- Slippage, 4 orders
- −$166.8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$214.51
- Costs to cover
- 1.898%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 30 min ago; Bybit: live order book, 3 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, 30 min ago | 18.24 bp | 88.7 bp −$89 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.02 bp | 10.9 bp −$11 | 36.6 bp −$366 | 157.2 bp −$15.7K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget COINUSDT | −0.0630% | 8h | 197.78 | +0.116% | $6.3M | $10.2M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.86 | +0.157% | $44K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0208% | 8h | 197.65 | +0.051% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0083% | 1h | 197.09 | −0.233% | — | $284K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.85 | +0.151% | $349K | $876K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.58 | +0.014% | $117K | $691K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.63 | +0.038% | $15.0M | $78.8M | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 197.53 | −0.010% | $4.9M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.55 | 0.000% | $3.1M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.65 | +0.049% | $685K | $1.0M | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.10 | +0.277% | $16K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0016% | 1h | 197.44 | −0.056% | $1.3M | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.50 | −0.026% | $357K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.49 | −0.030% | $455K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.94 | +0.197% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.59 | +0.020% | $15.5M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.43 | −0.061% | $127K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.53 | −0.010% | $78 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.65 | +0.051% | $351K | $2.9M | 10x | as long as short |
| KuCoin COINUSDTMlong | +0.0100% | 8h | 197.55 | long leg | $995K | $143K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.05 | +0.253% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.58 | +0.015% | $571 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.44 | −0.055% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.54 | −0.005% | $189K | $390K | 20x | as long as short |
| Phoenix COIN | +0.0162% | 1h | 198.22 | +0.339% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0916% | 4h | 197.82 | +0.134% | $51K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC