Funding you earn now, next payment 08:00 UTC−0.0591%/8h= −64.7% APRnext payment −$5.91 per $10,000 · paid last 24h −0.046%
Price spread now: Bybit against KuCoin−0.084%7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$18 a day on $10k at the current rate, and Bybit is 0.084% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
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 −$5.91 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 SONYUSDTM | 23.740 | 0.0591 | pay 0.0591% / 8h | 3h 24m | $51K | $382K | 20x |
| Short | Bybit SONYUSDT | 23.720 | 0 | get 0.0000% / 8h | 3h 24m | $99K | $33K | 25x |
KuCoin SONYUSDTM
Bybit SONYUSDTFunding 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
- −$124.11
- Price spread: −0.084% → 0.000%
- −$8.42
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$155.53
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 48 min ago; Bybit: no order-book sample. 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 KuCoin live order book, 48 min ago | 25.21 bp | 332.7 bp −$333 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit no order-book sample | — | — | — | — | — |
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 | 23.742 | +0.007% | $352K | $284K | 20x | as long as short |
| Bybit SONYUSDTshort | 0.0000% | 8h | 23.720 | −0.084% | $99K | $33K | 25x | |
| OKX SONY-USDT-SWAP | 0.0000% | 8h | 23.720 | −0.084% | $75K | $30K | 10x | as long as short |
| Gate SONY_USDT | 0.0000% | 8h | 23.733 | −0.029% | $64K | $999 | 20x | as long as short |
| Bitget SONYUSDT | 0.0000% | 8h | 23.688 | −0.219% | $149K | $8K | 20x | as long as short |
| Variational Omni SONY | 0.0000% | 8h | 23.736 | −0.018% | $47K | $41K | — | as long as short |
| HTX SONY-USDT | +0.0100% | 8h | 23.720 | −0.084% | $8K | $8K | 10x | as long as short |
| KuCoin SONYUSDTMlong | +0.0591% | 8h | 23.740 | long leg | $51K | $382K | 20x |
Binance SONYUSDT
OKX SONY-USDT-SWAP
Gate SONY_USDT
Bitget SONYUSDT
Variational Omni SONY
HTX SONY-USDT