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+0.027%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$629as in the Funding arb table
Net, price: spread back to 7d avg − costs−$646as in the Price arb table
costs, in and out, $10k−$6506.501% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.027%, 7d avg −0.014%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.041% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.014%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ONDSUSDT | 7.3480 | 0 | get 0.0000% / 8h | 37m 24s | $506K | $158K | 25x |
| Short | KuCoin ONDSUSDTM | 7.3500 | 0.0100 | get 0.0100% / 8h | 37m 24s | $78K | $495K | 20x |
Bybit ONDSUSDT
KuCoin ONDSUSDTMFunding 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: +0.027% → −0.014%
- $4.09
- Slippage, 4 orders
- −$627.14
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$625.05
- Costs to cover
- 6.501%
- Break-even
- 215.4 days
Slippage from Bybit: live order book, 57 min ago; KuCoin: live order book, 67 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, 57 min ago | 2.72 bp | 81.5 bp −$82 | 132.9 bp −$1,329 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 67 min ago | 6.79 bp | 237.6 bp −$238 | doesn't fit | doesn't fit | doesn't fit |
ONDS 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ONDSUSDT | 0.0000% | 8h | 7.3473 | −0.009% | $2K | $5K | 20x | as long as short |
| Binance ONDSUSDT | 0.0000% | 8h | 7.3524 | +0.061% | $1.5M | $1.4M | 20x | as long as short |
| Bybit ONDSUSDTlong | 0.0000% | 8h | 7.3480 | long leg | $506K | $158K | 25x | |
| OKX ONDS-USDT-SWAP | 0.0000% | 8h | 7.3680 | +0.272% | $186K | $127K | 10x | as long as short |
| Gate ONDS_USDT | 0.0000% | 8h | 7.3520 | +0.054% | $366K | $198K | 20x | as long as short |
| Bitget ONDSUSDT | 0.0000% | 8h | 7.3580 | +0.136% | $885K | $447K | 20x | as long as short |
| GRVT ONDS_USDT_Perp | 0.0000% | 8h | 7.3575 | +0.129% | $3K | $154K | 10x | as long as short |
| SunX ONDS-USDT | 0.0000% | 8h | 7.3500 | +0.027% | $926 | $474K | 10x | as long as short |
| HTX ONDS-USDT | 0.0000% | 8h | 7.3300 | −0.245% | $5K | $1K | 10x | as long as short |
| Vest ONDS-USD-PERP | +0.0046% | 1h | 7.3400 | −0.109% | — | — | 5x | as long as short |
Aster ONDSUSDT
Binance ONDSUSDT
OKX ONDS-USDT-SWAP
Gate ONDS_USDT
Bitget ONDSUSDT
GRVT ONDS_USDT_Perp
SunX ONDS-USDT
HTX ONDS-USDT
Vest ONDS-USD-PERPShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ONDSUSDTMshort | +0.0100% | 8h | 7.3500 | +0.027% | $78K | $495K | 20x |