Funding you earn now, next payment 16:00 UTC−0.0492%/8h= −53.9% APRnext payment −$4.92 per $10,000 · paid last 24h −0.259%
Price spread now: KuCoin against Bybit−0.362%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,032as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,049as in the Price arb table
costs, in and out, $10k−$1,01810.177% of the position
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.362%, 7d avg −0.053%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and KuCoin is 0.309% cheaper against Bybit than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.053%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.144% in total (about -7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.92 per $10,000. 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 POETUSDT | 8.2800 | 0.0592 | pay 0.0592% / 8h | 7h 36m | $209K | $314K | 25x |
| Short | KuCoin POETUSDTM | 8.2500 | 0.0100 | get 0.0100% / 8h | 7h 36m | $57K | $113K | 20x |
Bybit POETUSDT
KuCoin POETUSDTMFunding 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
- −$103.4
- Price spread: −0.362% → −0.053%
- −$30.91
- Slippage, 4 orders
- −$994.71
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,152.03
- Costs to cover
- 10.177%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 52 min ago; KuCoin: live order book, 7 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, 52 min ago | 10.18 bp | 167.8 bp −$168 | 277.6 bp −$2,776 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 24.13 bp | 298.7 bp −$299 | doesn't fit | doesn't fit | doesn't fit |
POET 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget POETUSDT | −0.0541% | 8h | 8.2610 | −0.229% | $259K | $84K | 20x | as long as short |
| KuCoin POETUSDTMshort | +0.0100% | 8h | 8.2500 | −0.362% | $57K | $113K | 20x | |
| OKX POET-USDT-SWAP | +0.0455% | 8h | 8.2730 | −0.085% | $163K | $217K | 10x | as long as short |
| Bybit POETUSDTlong | +0.0592% | 8h | 8.2800 | long leg | $209K | $314K | 25x |
Bitget POETUSDT
OKX POET-USDT-SWAP