Funding you earn now, next payment 16:00 UTC+0.1161%/8h= +127.1% APRnext payment +$11.61 per $10,000 · paid last 24h +0.164%
Price spread now: Bybit against KuCoin+0.213%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$869as in the Funding arb table
Net, price: spread back to 7d avg − costs−$821as in the Price arb table
costs, in and out, $10k−$8418.412% of the position
Funding, last 7 days−0.278%−$28 on $10k
+Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.213%, 7d avg +0.013%
=Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Bybit is 0.201% dearer against KuCoin than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.013%. Mind the row above: over the last 7 days funding on this pair cost −0.278%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.278% in total (about -14.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.61 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RAMUSDTM | 14.070 | −0.1161 | get 0.1161% / 8h | 6h 18m | $14K | $135K | 20x |
| Short | Bybit RAMUSDT | 14.100 | 0 | get 0.0000% / 8h | 6h 18m | $171K | $152K | 25x |
KuCoin RAMUSDTM
Bybit RAMUSDTFunding 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
- $243.81
- Price spread: +0.213% → +0.013%
- $20.07
- Slippage, 4 orders
- −$818.21
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$577.32
- Costs to cover
- 8.412%
- Break-even
- 23.6 days
Slippage from KuCoin: live order book, 23 min ago; Bybit: live order book, 27 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, 23 min ago | 24.88 bp | 313.4 bp −$313 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 27 min ago | 10.69 bp | 75.8 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
RAM on 10 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin RAM-USDT | −0.2076% | 8h | 14.060 | −0.071% | $28K | $2K | 20x | as long as short |
| MEXC RAM_USDT | −0.2048% | 8h | 14.070 | 0.000% | $391K | $92K | 20x | as long as short |
| Binance RAMUSDT | −0.2039% | 8h | 14.075 | +0.034% | $793K | $2.3M | 20x | as long as short |
| KuCoin RAMUSDTMlong | −0.1161% | 8h | 14.070 | long leg | $14K | $135K | 20x | |
| OKX RAM-USDT-SWAP | −0.1133% | 8h | 14.070 | 0.000% | $298K | $536K | 10x | as long as short |
| Bitget RAMUSDT | −0.1042% | 8h | 14.085 | +0.107% | $196K | $210K | 20x | as long as short |
| Bybit RAMUSDTshort | 0.0000% | 8h | 14.100 | +0.213% | $171K | $152K | 25x | |
| Gate RAM_USDT | 0.0000% | 8h | 14.060 | −0.071% | $24K | $4K | 20x | as long as short |
| HTX RAM-USDT | 0.0000% | 8h | 14.065 | −0.036% | $6K | $5K | 10x | as long as short |
| Phemex RAMUSDT | 0.0000% | 8h | 14.070 | 0.000% | $763K | $217K | 20x | as long as short |
BloFin RAM-USDT
MEXC RAM_USDT
Binance RAMUSDT
OKX RAM-USDT-SWAP
Bitget RAMUSDT
Gate RAM_USDT
HTX RAM-USDT
Phemex RAMUSDT