Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.149%
Price spread now: Bybit against KuCoin+0.117%7-day average +0.350% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.211%+$21 on $10k
+Price spread, last 4 days (all we have)+0.285%+$28 · spread now +0.117%, 7d avg +0.350%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.234% cheaper against KuCoin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.350%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.211%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MCDUSDTM | 248.61 | 0.0100 | pay 0.0100% / 8h | 3h 29m | $99K | $269K | 10x |
| Short | Bybit MCDUSDT | 248.90 | 0 | get 0.0000% / 8h | 3h 29m | $590K | $9.5M | 25x |
KuCoin MCDUSDTM
Bybit MCDUSDTFunding 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: +0.117% → +0.350%
- −$23.36
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$67.36
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 41 min ago; Bybit: live order book, 3 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 KuCoin live order book, 41 min ago | 31.79 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.82 bp | 100.1 bp −$100 | 211.2 bp −$2,112 | doesn't fit | doesn't fit |
MCD on 4 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MCDUSDTshort | 0.0000% | 8h | 248.90 | +0.117% | $590K | $9.5M | 25x | |
| Gate MCD_USDT | 0.0000% | 8h | 249.23 | +0.249% | $696K | $175K | 25x | as long as short |
| Bitget MCDUSDT | 0.0000% | 8h | 248.52 | −0.036% | $2.4M | $486K | 20x | as long as short |
| KuCoin MCDUSDTMlong | +0.0100% | 8h | 248.61 | long leg | $99K | $269K | 10x |
Gate MCD_USDT
Bitget MCDUSDT