Funding you earn now, next payment 08:00 UTC+0.1741%/8h= +190.7% APRnext payment +$17.41 per $10,000 · paid last 24h +0.106%
Price spread now: Bybit against KuCoin0.000%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,114as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,119as in the Price arb table
costs, in and out, $10k−$1,11311.131% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)+0.369%+$37 · spread now 0.000%, 7d avg +0.054%
=Funding pays, the price is against you. Bybit is 0.054% cheaper against KuCoin than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.054%). If the spread goes back, that is −$5 on $10k: about 2 hours of funding at the current rate (+$52 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.009% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$17.41 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 | KuCoin POETUSDTM | 8.3900 | 0.0100 | pay 0.0100% / 8h | 2h 11m | $58K | $107K | 20x |
| Short | Bybit POETUSDT | 8.3900 | 0.1841 | get 0.1841% / 8h | 2h 11m | $223K | $309K | 25x |
KuCoin POETUSDTM
Bybit POETUSDTFunding 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
- $365.64
- Price spread: 0.000% → +0.054%
- −$5.44
- Slippage, 4 orders
- −$1,090.07
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$752.88
- Costs to cover
- 11.131%
- Break-even
- 21.4 days
Slippage from KuCoin: live order book, 44 min ago; Bybit: live order book, 28 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 KuCoin live order book, 44 min ago | 29.67 bp | 451.7 bp −$452 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 28 min ago | 5.95 bp | 143.5 bp −$143 | 232.2 bp −$2,322 | 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 | 8.4020 | +0.143% | $268K | $84K | 20x | as long as short |
| KuCoin POETUSDTMlong | +0.0100% | 8h | 8.3900 | long leg | $58K | $107K | 20x | |
| OKX POET-USDT-SWAP | +0.0275% | 8h | 8.4080 | +0.215% | $165K | $213K | 10x | as long as short |
| Bybit POETUSDTshort | +0.1841% | 8h | 8.3900 | 0.000% | $223K | $309K | 25x |
Bitget POETUSDT
OKX POET-USDT-SWAP