Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.028%
Price spread now: Bybit against KuCoin−0.017%7-day average +0.159% · you buy dearer than you sell
Net, funding: paid 7d − costs−$834as in the Funding arb table
Net, price: spread back to 7d avg − costs−$846as in the Price arb table
costs, in and out, $10k−$8288.282% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)+0.202%+$20 · spread now −0.017%, 7d avg +0.159%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.176% cheaper against KuCoin than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.159%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RDWUSDTM | 11.680 | 0.0100 | pay 0.0100% / 8h | 7h 54m | $291K | $740K | 20x |
| Short | Bybit RDWUSDT | 11.678 | 0 | get 0.0000% / 8h | 7h 54m | $458K | $911K | 25x |
KuCoin RDWUSDTM
Bybit RDWUSDTFunding 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
- −$21
- Price spread: −0.017% → +0.159%
- −$17.57
- Slippage, 4 orders
- −$805.16
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$866.72
- Costs to cover
- 8.282%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 70 min ago; Bybit: live order book, 16 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, 70 min ago | 4.30 bp | 290.6 bp −$291 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 16 min ago | 5.57 bp | 115.7 bp −$116 | 217.1 bp −$2,171 | doesn't fit | doesn't fit |
RDW on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit RDWUSDTshort | 0.0000% | 8h | 11.678 | −0.017% | $458K | $911K | 25x | |
| OKX RDW-USDT-SWAP | 0.0000% | 8h | 11.709 | +0.248% | $152K | $216K | 10x | as long as short |
| QFEX RDW-USD | 0.0000% | 1h | 11.660 | −0.171% | $1.1M | $153K | 10x | as long as short |
| Gate RDW_USDT | 0.0000% | 8h | 11.692 | +0.103% | $139K | $22K | 20x | as long as short |
| Bitget RDWUSDT | 0.0000% | 8h | 11.694 | +0.120% | $426K | $75K | 20x | as long as short |
| KuCoin RDWUSDTMlong | +0.0100% | 8h | 11.680 | long leg | $291K | $740K | 20x | |
| SunX RDW-USDT | +0.0100% | 8h | 11.707 | +0.231% | — | $2.6M | 10x | as long as short |
| HTX RDW-USDT | +0.0100% | 8h | 11.745 | +0.557% | $17K | $40K | 10x | as long as short |
OKX RDW-USDT-SWAP
QFEX RDW-USD
Gate RDW_USDT
Bitget RDWUSDT
SunX RDW-USDT
HTX RDW-USDT