Funding you earn now, next payment 08:00 UTC−0.0306%/8h= −33.5% APRpaid last 24h −0.046%
Price spread now: Bybit against KuCoin+0.082%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.209%−$21 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Bybit is 0.082% dearer against KuCoin than usual: you sell high and buy low (spread +0.082% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 7 days (−0.209% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.209% in total (about -10.9% 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 | KuCoin MINIMAXUSDTM | 36.460 | 0.0706 | pay 0.0353% / 4h | 50m 30s | $95K | $36K | 20x |
| Short | Bybit MINIMAXUSDT | 36.490 | 0.0400 | get 0.0400% / 8h | 50m 30s | $916K | $1.1M | 25x |
KuCoin MINIMAXUSDTM
Bybit MINIMAXUSDTFunding 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
- −$64.25
- Price spread: +0.082% → 0.000%
- $8.23
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$79.02
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: KuCoin: no order-book sample; Bybit: live order book, 5 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 no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 5 min ago | 2.71 bp | 60.0 bp −$60 | 184.7 bp −$1,847 | doesn't fit | doesn't fit |
KuCoin: 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.
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 | |
|---|---|---|---|---|---|---|---|---|
| SunX MINIMAX-USDT | 0.0000% | 4h | 36.540 | +0.219% | $15 | $1.7M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 36.434 | −0.071% | $49K | $232K | 20x | as long as short |
| Lighter MINIMAX | +0.0040% | 1h | 36.466 | +0.016% | $41K | $23K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 36.461 | +0.003% | $92K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 36.480 | +0.055% | $23K | $51K | 5x | as long as short |
| Aevo MINIMAX-PERP | +0.0104% | 1h | 36.457 | −0.009% | — | — | 10x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0121% | 1h | 36.446 | −0.038% | $4.7M | $3.2M | 10x | as long as short |
| Gate MINIMAX_USDT | +0.0329% | 8h | 36.540 | +0.219% | $1.3M | $2.8M | 50x | as long as short |
| Bybit MINIMAXUSDTshort | +0.0400% | 8h | 36.490 | +0.082% | $916K | $1.1M | 25x | |
| Aster MINIMAXUSDT | +0.0581% | 8h | 36.552 | +0.253% | $33K | $46K | 20x | as long as short |
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Aevo MINIMAX-PERP
tradeXYZ xyz:MINIMAX
Gate MINIMAX_USDT
Aster MINIMAXUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MINIMAXUSDTMlong | +0.0706% | 4h | 36.460 | long leg | $95K | $36K | 20x | |
| Bitget MINIMAXUSDT | +0.0712% | 8h | 36.498 | +0.104% | $1.2M | $2.8M | 20x | as long as short |
| edgeX MINIMAXUSDC | +0.0751% | 4h | 36.678 | +0.597% | $28K | $183K | 10x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.0820% | 4h | 36.829 | +1.012% | $271 | $126K | 10x | as long as short |
| Extended MINIMAX-USD | +0.0840% | 1h | 36.473 | +0.035% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.0843% | 4h | 36.497 | +0.102% | $6.3M | $31.8M | 25x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1399% | 8h | 36.550 | +0.247% | $2.8M | $8.4M | 20x | as long as short |
Bitget MINIMAXUSDT
edgeX MINIMAXUSDC
GRVT MINIMAX_USDT_Perp
Extended MINIMAX-USD
Binance MINIMAXUSDT
OKX MINIMAX-USDT-SWAP