Funding you earn now, next payment 08:00 UTC+0.0455%/8h= +49.8% APRnext payment +$4.55 per $10,000 · paid last 24h +0.046%
Price spread now: KuCoin against Bybit+0.042%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and KuCoin is 0.042% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.106% in total (about 5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.55 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 SONYUSDT | 23.710 | 0 | get 0.0000% / 8h | 2h 01m | $98K | $33K | 25x |
| Short | KuCoin SONYUSDTM | 23.720 | 0.0455 | get 0.0455% / 8h | 2h 01m | $55K | $364K | 20x |
Bybit SONYUSDT
KuCoin SONYUSDTMFunding 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
- $95.55
- Price spread: +0.042% → 0.000%
- $4.22
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $76.77
- Costs to cover
- 0.230%
- Break-even
- 1.4 days
Slippage unknown: Bybit: no order-book sample; KuCoin: live order book, 56 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 56 min ago | 23.15 bp | 458.4 bp −$458 | doesn't fit | doesn't fit | doesn't fit |
Bybit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
SONY 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SONYUSDT | 0.0000% | 8h | 23.684 | −0.108% | $347K | $278K | 20x | as long as short |
| Bybit SONYUSDTlong | 0.0000% | 8h | 23.710 | long leg | $98K | $33K | 25x | |
| OKX SONY-USDT-SWAP | 0.0000% | 8h | 23.690 | −0.084% | $75K | $30K | 10x | as long as short |
| Gate SONY_USDT | 0.0000% | 8h | 23.680 | −0.127% | $64K | $1K | 20x | as long as short |
| Bitget SONYUSDT | 0.0000% | 8h | 23.666 | −0.186% | $149K | $8K | 20x | as long as short |
| Variational Omni SONY | 0.0000% | 8h | 23.686 | −0.102% | $46K | $30K | — | as long as short |
| HTX SONY-USDT | +0.0100% | 8h | 23.700 | −0.042% | $8K | $8K | 10x | as long as short |
| KuCoin SONYUSDTMshort | +0.0455% | 8h | 23.720 | +0.042% | $55K | $364K | 20x |
Binance SONYUSDT
OKX SONY-USDT-SWAP
Gate SONY_USDT
Bitget SONYUSDT
Variational Omni SONY
HTX SONY-USDT