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: Bybit against KuCoin+0.082%7-day average +0.132% · you sell dearer than you buy
Net, funding: paid 7d − costs−$675as in the Funding arb table
Net, price: spread back to 7d avg − costs−$654as in the Price arb table
costs, in and out, $10k−$6496.487% of the position
Funding, last 7 days−0.268%−$27 on $10k
+Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.082%, 7d avg +0.132%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.050% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.132%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin LRCXUSDTM | 305.53 | 0.0100 | pay 0.0100% / 8h | 5h 54m | $178K | $714K | 20x |
| Short | Bybit LRCXUSDT | 305.78 | 0 | get 0.0000% / 8h | 5h 54m | $353K | $528K | 25x |
KuCoin LRCXUSDTM
Bybit LRCXUSDTFunding 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: +0.082% → +0.132%
- −$5.03
- Slippage, 4 orders
- −$625.7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$674.72
- Costs to cover
- 6.487%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 44 min ago; Bybit: live order book, 65 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, 44 min ago | 9.68 bp | 322.9 bp −$323 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 65 min ago | 8.29 bp | 57.1 bp −$57 | 212.1 bp −$2,121 | doesn't fit | doesn't fit |
LRCX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX LRCX-USD | −0.0005% | 1h | 305.85 | +0.105% | $1.1M | $2.7M | 10x | as long as short |
| Bybit LRCXUSDTshort | 0.0000% | 8h | 305.78 | +0.082% | $353K | $528K | 25x | |
| OKX LRCX-USDT-SWAP | 0.0000% | 8h | 306.30 | +0.252% | $387K | $312K | 20x | as long as short |
| Gate LRCX_USDT | 0.0000% | 8h | 305.60 | +0.023% | $263K | $429K | 20x | as long as short |
| Bitget LRCXUSDT | 0.0000% | 8h | 306.03 | +0.164% | $322K | $187K | 20x | as long as short |
| Extended LRCX_24_5-USD | +0.0040% | 1h | 305.26 | −0.087% | — | — | 10x | as long as short |
| Vest LRCX-USD-PERP | +0.0046% | 1h | 305.69 | +0.052% | — | $4K | 10x | as long as short |
| KuCoin LRCXUSDTMlong | +0.0100% | 8h | 305.53 | long leg | $178K | $714K | 20x | |
| HTX LRCX-USDT | +0.0100% | 8h | 306.08 | +0.180% | $9K | $353K | 10x | as long as short |
| Binance LRCXUSDT | +0.0231% | 8h | 305.93 | +0.130% | $840K | $2.7M | 20x | as long as short |
QFEX LRCX-USD
OKX LRCX-USDT-SWAP
Gate LRCX_USDT
Bitget LRCXUSDT
Extended LRCX_24_5-USD
Vest LRCX-USD-PERP
HTX LRCX-USDT
Binance LRCXUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:LRCX | +0.2726% | 1h | 305.47 | −0.020% | $435K | $60K | 10x | as long as short |
Paragon para:LRCX