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+0.050%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$133as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1301.298% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 7 days−0.086%−$9 · spread now +0.050%, 7d avg −0.009%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.059% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit HOODUSDT | 120.44 | 0 | get 0.0000% / 8h | 10m 23s | $3.7M | $8.7M | 25x |
| Short | KuCoin HOODUSDTM | 120.50 | 0.0100 | get 0.0100% / 8h | 10m 23s | $1.3M | $1.4M | 20x |
Bybit HOODUSDT
KuCoin HOODUSDTMFunding 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: +0.050% → −0.009%
- $5.9
- Slippage, 4 orders
- −$106.82
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$102.92
- Costs to cover
- 1.298%
- Break-even
- 41.3 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 | 0.83 bp | 14.9 bp −$15 | 43.7 bp −$437 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 2.49 bp | 38.4 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
HOOD on 30 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 HOOD/USDC PERP | −0.0440% | 1h | 120.22 | −0.183% | $57K | $57K | 30x | as long as short |
| Gate HOOD_USDT | −0.0164% | 8h | 120.50 | +0.050% | $598K | $7.6M | 50x | as long as short |
| Bitget HOODUSDT | −0.0155% | 8h | 120.56 | +0.100% | $5.5M | $9.9M | 20x | as long as short |
| Polymarket Perps HOOD-USD | −0.0021% | 1h | 120.36 | −0.066% | $251K | $345K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 120.50 | +0.051% | $105K | $281K | 20x | as long as short |
| Extended HOOD_24_5-USD | 0.0000% | 1h | 120.48 | +0.035% | $358K | $2.2M | 10x | as long as short |
| Binance HOODUSDT | 0.0000% | 8h | 120.50 | +0.051% | $20.8M | $91.9M | 20x | as long as short |
| Bybit HOODUSDTlong | 0.0000% | 8h | 120.44 | long leg | $3.7M | $8.7M | 25x | |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 120.53 | +0.075% | $2.7M | $6.2M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 120.42 | −0.017% | $2.2M | $1.0M | — | as long as short |
Injective HOOD/USDC PERP
Gate HOOD_USDT
Bitget HOODUSDT
Polymarket Perps HOOD-USD
Aster HOODUSDT
Extended HOOD_24_5-USD
Binance HOODUSDT
OKX HOOD-USDT-SWAP
Variational Omni HOODShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT HOOD_USDT_Perp | 0.0000% | 8h | 120.49 | +0.043% | $845K | $2.0M | 10x | as long as short |
| Phemex HOODUSDT | 0.0000% | 8h | 120.45 | +0.008% | $985K | $8K | 10x | as long as short |
| Vest HOOD-USD-PERP | +0.0017% | 1h | 120.32 | −0.100% | — | $63K | 25x | as long as short |
| Arcus HOOD-USD | +0.0040% | 1h | 120.37 | −0.058% | $1.1M | $1.7M | 10x | as long as short |
| QFEX HOOD-USD | +0.0046% | 1h | 120.47 | +0.025% | $1.3M | $2.9M | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0050% | 1h | 120.42 | −0.017% | $51.1M | $27.0M | 10x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 120.47 | +0.022% | $720 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 120.40 | −0.033% | $1.3M | $1.4M | 15x | as long as short |
| edgeX HOODUSDC | +0.0060% | 4h | 120.45 | +0.007% | $362K | $305K | 10x | as long as short |
| Lighter HOOD | +0.0072% | 1h | 120.46 | +0.014% | $2.8M | $3.2M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 120.42 | −0.019% | $74K | $111K | 10x | as long as short |
| KuCoin HOODUSDTMshort | +0.0100% | 8h | 120.50 | +0.050% | $1.3M | $1.4M | 20x | |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 120.44 | 0.000% | $5K | $40K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 120.48 | +0.033% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 120.45 | +0.009% | $16K | — | 10x | as long as short |
| BloFin HOOD-USDT | +0.0120% | 8h | 120.51 | +0.058% | $173K | $175K | 20x | as long as short |
| Deribit HOOD_USDC-PERPETUAL | +0.0165% | 1h | 120.48 | +0.033% | $6K | $52K | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0192% | 1h | 120.49 | +0.042% | $196K | $1.8M | 10x | as long as short |
| Phoenix HOOD | +0.0265% | 1h | 120.46 | +0.017% | $28K | $238K | 10x | as long as short |
| RISEx HOOD/USDC | +0.0479% | 1h | 120.54 | +0.084% | $403K | $1.4M | 10x | as long as short |
GRVT HOOD_USDT_Perp
Phemex HOODUSDT
Vest HOOD-USD-PERP
Arcus HOOD-USD
QFEX HOOD-USD
tradeXYZ xyz:HOOD
SoDEX HOOD-USD
Ondo Perps HOOD-USD.P
edgeX HOODUSDC
Lighter HOOD
Pacifica HOOD
ApeX Omni HOODUSDT
Orderly PERP_HOOD_USDC_mythos
Aevo HOOD-PERP
BloFin HOOD-USDT
Deribit HOOD_USDC-PERPETUAL
Coinbase International HOOD-PERP-INTX
Phoenix HOOD
RISEx HOOD/USDC