Funding you earn now, next payment 00:00 UTC+0.0351%/8h= +38.5% APRpaid last 24h +0.061%
Price spread now: KuCoin against Bybit+0.076%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1791.789% of the position
Funding, last 7 days+0.244%+$24 on $10k
+Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.076%, 7d avg −0.020%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and KuCoin is 0.096% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.020%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.244% in total (about 12.7% 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 MINIMAXUSDT | 39.670 | 0.0777 | pay 0.0777% / 8h | 14m 54s | $939K | $1.4M | 25x |
| Short | KuCoin MINIMAXUSDTM | 39.700 | 0.1128 | get 0.0564% / 4h | 14m 54s | $100K | $44K | 20x |
Bybit MINIMAXUSDT
KuCoin MINIMAXUSDTMFunding 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
- $73.76
- Price spread: +0.076% → −0.020%
- $9.57
- Slippage, 4 orders
- −$155.92
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$95.59
- Costs to cover
- 1.789%
- Break-even
- 16.1 days
Slippage from Bybit: live order book, 1 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, 1 min ago | 6.30 bp | 28.7 bp −$29 | 189.1 bp −$1,891 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 17.58 bp | 36.3 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
MINIMAX on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MINIMAX_USDT | 0.0000% | 8h | 39.660 | −0.025% | $1.2M | $6.2M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 39.670 | 0.000% | $16 | $3.9M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 39.687 | +0.043% | $38K | $71K | 20x | as long as short |
| Lighter MINIMAX | +0.0048% | 1h | 39.747 | +0.194% | $46K | $27K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 39.644 | −0.066% | $99K | $4K | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0286% | 8h | 39.718 | +0.120% | $34K | $152K | 20x | as long as short |
| Aevo MINIMAX-PERP | +0.0760% | 1h | 39.714 | +0.111% | — | — | 10x | as long as short |
| Bybit MINIMAXUSDTlong | +0.0777% | 8h | 39.670 | long leg | $939K | $1.4M | 25x | |
| tradeXYZ xyz:MINIMAX | +0.0788% | 1h | 39.699 | +0.073% | $4.6M | $2.9M | 10x | as long as short |
| edgeX MINIMAXUSDC | +0.1123% | 4h | 39.740 | +0.177% | $30K | $188K | 10x | as long as short |
Gate MINIMAX_USDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
Aster MINIMAXUSDT
Aevo MINIMAX-PERP
tradeXYZ xyz:MINIMAX
edgeX MINIMAXUSDCShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MINIMAXUSDTMshort | +0.1128% | 4h | 39.700 | +0.076% | $100K | $44K | 20x | |
| Ondo Perps MINIMAX-USD.P | +0.1324% | 1h | 39.680 | +0.025% | $30K | $48K | 5x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1478% | 8h | 39.660 | −0.025% | $1.7M | $9.6M | 20x | as long as short |
| Bitget MINIMAXUSDT | +0.1479% | 8h | 39.637 | −0.083% | $1.3M | $2.9M | 20x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.1548% | 4h | 39.720 | +0.126% | $278 | $139K | 10x | as long as short |
| Binance MINIMAXUSDT | +0.1694% | 4h | 39.651 | −0.048% | $6.5M | $35.6M | 25x | as long as short |
| Extended MINIMAX-USD | +0.1696% | 1h | 39.646 | −0.061% | $3K | — | 10x | as long as short |
Ondo Perps MINIMAX-USD.P
OKX MINIMAX-USDT-SWAP
Bitget MINIMAXUSDT
GRVT MINIMAX_USDT_Perp
Binance MINIMAXUSDT
Extended MINIMAX-USD