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

COST

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment $1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Bybit against KuCoin+0.078%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,457as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,441as in the Price arb table
costs, in and out, $10k−$1,44214.419% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.150%−$15 on $10k
Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.078%, 7d avg +0.064%
Together, before fees−0.190%−$19 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
LongKuCoin COSTUSDTM898.500.0100pay 0.0100% / 8h19m 46s$41K$848K20x
ShortBybit COSTUSDT899.200get 0.0000% / 8h19m 46s$470K$192K25x

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

Funding earned
−$21
Price spread: +0.078% → +0.064%
$1.37
Slippage, 4 orders
−$1,418.92
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$1,461.55
Costs to cover
14.419%
Break-even
never at this rate
Slippage from KuCoin: live order book, 44 min ago; Bybit: live order book, 50 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 KuCoin live order book, 44 min ago16.14 bp1114.3 bp −$1,114doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 50 min ago9.35 bp20.9 bp −$21151.7 bp −$1,517doesn'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%8h898.22−0.031%$45K$17820xas long as short
Bybit COSTUSDTshort0.0000%8h899.20+0.078%$470K$192K25x
OKX COST-USDT-SWAP0.0000%8h899.58+0.120%$443K$140K10xas long as short
Gate COST_USDT0.0000%8h899.08+0.065%$523K$26K25xas long as short
Bitget COSTUSDT0.0000%8h898.60+0.011%$398K$124K25xas long as short
SunX COST-USDT0.0000%8h898.10−0.045%$2K$3.3M10xas long as short
HTX COST-USDT0.0000%8h900.18+0.187%$10K$41K10xas long as short
QFEX COST-USD+0.0029%1h898.28−0.024%$1.1M$3.1M10xas long as short
Injective COST/USDC PERP+0.0033%1h891.98−0.726%$2K$28K12xas long as short
Extended COST-USD+0.0040%1h898.25−0.028%10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest COST-USD-PERP+0.0046%1h897.98−0.058%25xas long as short
tradeXYZ xyz:COST+0.0050%1h898.18−0.036%$1.8M$526K20xas long as short
KuCoin COSTUSDTMlong+0.0100%8h898.50long leg$41K$848K20x
Variational Omni COST+0.0324%8h898.39−0.012%$42K$19Kas long as short
Binance COSTUSDT+0.0504%8h898.47−0.003%$1.1M$969K20xas long as short