Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.015%
Price spread now: KuCoin against Bybit−2.127%7-day average −2.878% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,209as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,144as in the Price arb table
costs, in and out, $10k−$1,22012.196% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 4 days (all we have)−0.545%−$55 · spread now −2.127%, 7d avg −2.878%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.751% dearer against Bybit than usual: you sell high and buy low: +$75 more if the spread goes back to its 7-day average of −2.878%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPENAIUSDT | 1,671.7 | 0 | get 0.0000% / 8h | 1h 47m | $760K | $225K | 25x |
| Short | KuCoin OPENAIUSDTM | 1,636.1 | 0.0050 | get 0.0050% / 8h | 1h 47m | $377K | $66K | 20x |
Bybit OPENAIUSDT
KuCoin OPENAIUSDTMFunding 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
- $10.5
- Price spread: −2.127% → −2.878%
- $75.14
- Slippage, 4 orders
- −$1,196.59
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,133.95
- Costs to cover
- 12.196%
- Break-even
- 763.0 days
Slippage from Bybit: live order book, 32 min ago; KuCoin: live order book, 24 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, 32 min ago | 18.03 bp | 71.3 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 24 min ago | 24.81 bp | 486.4 bp −$486 | doesn't fit | doesn't fit | doesn't fit |
OPENAI on 22 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 OPENAI-USD | −0.0005% | 1h | 1,625.9 | −2.741% | $1.2M | $371K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,695 | +1.395% | $1.4M | $289K | 5x | as long as short |
| Bybit OPENAIUSDTlong | 0.0000% | 8h | 1,671.7 | long leg | $760K | $225K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,657.9 | −0.824% | $5.1M | $1.4M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,622.7 | −2.929% | $52.8M | $40.6M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,627.4 | −2.647% | $5.5M | $5.1M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,627.1 | −2.666% | — | $2.6M | 10x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,626.5 | −2.702% | $79K | $213K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,625 | −2.791% | $1.6M | $582K | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | +0.0020% | 1h | 1,629.1 | −2.547% | — | $3 | 5x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
HTX OPENAI-USDT
Phemex OPENAIUSDT
Deribit OPENAI_USDC-PERPETUALShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH OPENAI | +0.0032% | 1h | 1,664.2 | −0.447% | $2.5M | $6.2M | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0044% | 8h | 1,624.8 | −2.803% | $473K | $295K | 20x | as long as short |
| Entropy io:OAI | +0.0045% | 1h | 1,661.5 | −0.608% | $7.3M | $2.2M | 6x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,626.1 | −2.723% | $132K | $670K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,634.6 | −2.220% | $213K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,626.4 | −2.709% | $23.1M | $21.0M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,625.5 | −2.760% | $12.9M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTMshort | +0.0050% | 8h | 1,636.1 | −2.127% | $377K | $66K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,625.7 | −2.747% | $2.6M | $757K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,626.9 | −2.678% | $2K | $153K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,625.9 | −2.739% | — | — | 10x | as long as short |
| Coinbase International OPENAI-PERP-INTX | +0.0456% | 1h | 1,628.6 | −2.575% | $237K | $106K | 5x | as long as short |
Lighter RH OPENAI
BloFin OPENAI-USDT
Entropy io:OAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Coinbase International OPENAI-PERP-INTX