Funding you earn now, next payment 08:00 UTC−0.1496%/8h= −163.8% APRpaid last 24h +0.016%
Price spread now: KuCoin against Bybit−0.125%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.304%−$30 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$45 a day on $10k at the current rate, and KuCoin is 0.125% cheaper against Bybit than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.304% in total (about -15.9% a year). A funding rate is set anew for every payment. 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 | Bybit HANMIUSDT | 175.83 | 0 | get 0.0000% / 8h | 2h 06m | $35K | $68K | 25x |
| Short | KuCoin HANMIUSDTM | 175.61 | −0.1496 | pay 0.0748% / 4h | 2h 06m | $11K | $475K | 20x |
Bybit HANMIUSDT
KuCoin HANMIUSDTMFunding 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
- −$314.16
- Price spread: −0.125% → 0.000%
- −$12.51
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$349.67
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: Bybit: no order-book sample; KuCoin: live order book, 52 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 52 min ago | 5.41 bp | 46.1 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
Bybit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
HANMI on 9 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 HANMIUSDT | −0.2761% | 8h | 175.99 | +0.091% | $36K | $2.0M | 20x | as long as short |
| GRVT HANMI_USDT_Perp | −0.2026% | 4h | 175.33 | −0.283% | $417 | $147K | 10x | as long as short |
| KuCoin HANMIUSDTMshort | −0.1496% | 4h | 175.61 | −0.125% | $11K | $475K | 20x | |
| Binance HANMIUSDT | −0.1424% | 4h | 175.54 | −0.165% | $103K | $1.4M | 20x | as long as short |
| OKX HANMI-USDT-SWAP | −0.0431% | 8h | 175.13 | −0.398% | $18K | $214K | 20x | as long as short |
| Bybit HANMIUSDTlong | 0.0000% | 8h | 175.83 | long leg | $35K | $68K | 25x | |
| Gate HANMI_USDT | 0.0000% | 4h | 175.71 | −0.068% | $52K | $28K | 20x | as long as short |
| HTX HANMI-USDT | 0.0000% | 4h | 175.66 | −0.097% | $7K | $357K | 10x | as long as short |
| edgeX HANMIUSDC | +0.0537% | 4h | 175.35 | −0.275% | $18K | $260K | 10x | as long as short |
Bitget HANMIUSDT
GRVT HANMI_USDT_Perp
Binance HANMIUSDT
OKX HANMI-USDT-SWAP
Gate HANMI_USDT
HTX HANMI-USDT
edgeX HANMIUSDC