Settings8H · net · $10k
Funding arb · Price arb /

COST

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Bybit−0.056%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$773as in the Funding arb table
Net, price: spread back to 7d avg − costs−$789as in the Price arb table
costs, in and out, $10k−$7907.896% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.165%+$16 on $10k
Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.056%, 7d avg −0.064%
Together, before fees+0.183%+$18 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.064%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit COSTUSDT898.400get 0.0000% / 8h7h 52m$491K$218K25x
ShortKuCoin COSTUSDTM897.900.0100get 0.0100% / 8h7h 52m$48K$854K20x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$21
Price spread: −0.056% → −0.064%
$0.86
Slippage, 4 orders
−$766.63
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$767.77
Costs to cover
7.896%
Break-even
262.9 days
Slippage from Bybit: live order book, 12 min ago; KuCoin: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 12 min ago1.72 bp9.9 bp −$1042.8 bp −$428doesn't fitdoesn't fit
Sell KuCoin live order book, 2 min ago25.07 bp255.0 bp −$255doesn't fitdoesn't fitdoesn't fit

COST on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster COSTUSDT0.0000%8h898.85+0.050%$45K$17820xas long as short
Bybit COSTUSDTlong0.0000%8h898.40long leg$491K$218K25x
Gate COST_USDT0.0000%8h898.76+0.040%$523K$7K25xas long as short
Bitget COSTUSDT0.0000%8h898.42+0.002%$403K$112K25xas long as short
SunX COST-USDT0.0000%8h898.10−0.033%$1K$3.2M10xas long as short
HTX COST-USDT0.0000%8h900.59+0.244%$10K$42K10xas long as short
QFEX COST-USD+0.0017%1h898.23−0.019%$1.1M$3.2M10xas long as short
OKX COST-USDT-SWAP+0.0018%8h898.51+0.012%$444K$135K10xas long as short
Injective COST/USDC PERP+0.0033%1h891.98−0.715%$2K$28K12xas long as short
Extended COST-USD+0.0040%1h898.25−0.017%10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest COST-USD-PERP+0.0046%1h896.76−0.183%25xas long as short
tradeXYZ xyz:COST+0.0050%1h897.01−0.155%$1.8M$526K20xas long as short
KuCoin COSTUSDTMshort+0.0100%8h897.90−0.056%$48K$854K20x
Variational Omni COST+0.0399%8h898.400.000%$42K$17Kas long as short
Binance COSTUSDT+0.0554%8h898.37−0.003%$1.1M$963K20xas long as short