Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%
Price spread now: KuCoin against Bybit−0.122%7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$695as in the Funding arb table
Net, price: spread back to 7d avg − costs−$735as in the Price arb table
costs, in and out, $10k−$7187.180% of the position
Funding, last 7 days+0.226%+$23 on $10k
+Price spread, last 4 days (all we have)+0.170%+$17 · spread now −0.122%, 7d avg +0.047%
=Funding pays, the price is against you. KuCoin is 0.168% cheaper against Bybit than usual: you would sell low and buy high (spread −0.122% now, against its 7-day average of +0.047%). If the spread goes back, that is −$17 on $10k: about 5.6 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TENCENTUSDT | 57.530 | 0 | get 0.0000% / 8h | 1h 40m | $252K | $266K | 25x |
| Short | KuCoin TENCENTUSDTM | 57.460 | 0.0100 | get 0.0050% / 4h | 1h 40m | $122K | $687K | 20x |
Bybit TENCENTUSDT
KuCoin TENCENTUSDTMFunding 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
- $21
- Price spread: −0.122% → +0.047%
- −$16.83
- Slippage, 4 orders
- −$694.97
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$713.8
- Costs to cover
- 7.180%
- Break-even
- 244.9 days
Slippage from Bybit: live order book, 58 min ago; KuCoin: live order book, 23 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 Bybit live order book, 58 min ago | 9.51 bp | 66.8 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 23 min ago | 14.70 bp | 266.8 bp −$267 | doesn't fit | doesn't fit | doesn't fit |
TENCENT on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TENCENTUSDT | 0.0000% | 8h | 57.653 | +0.215% | $44K | $12K | 20x | as long as short |
| Bybit TENCENTUSDTlong | 0.0000% | 8h | 57.530 | long leg | $252K | $266K | 25x | |
| Gate TENCENT_USDT | 0.0000% | 8h | 57.540 | +0.017% | $1.7M | $658K | 25x | as long as short |
| Bitget TENCENTUSDT | 0.0000% | 8h | 57.470 | −0.104% | $1.2M | $3.1M | 20x | as long as short |
| HTX TENCENT-USDT | 0.0000% | 4h | 57.560 | +0.052% | $10K | $44K | 10x | as long as short |
| KuCoin TENCENTUSDTMshort | +0.0100% | 4h | 57.460 | −0.122% | $122K | $687K | 20x | |
| Lighter TENCENT | +0.0232% | 1h | 57.724 | +0.337% | $67K | $3K | 10x | as long as short |
| Binance TENCENTUSDT | +0.0385% | 4h | 57.490 | −0.070% | $2.8M | $5.2M | 25x | as long as short |
| edgeX TENCENTUSDC | +0.1155% | 4h | 57.606 | +0.133% | $119K | $214K | 10x | as long as short |
Aster TENCENTUSDT
Gate TENCENT_USDT
Bitget TENCENTUSDT
HTX TENCENT-USDT
Lighter TENCENT
Binance TENCENTUSDT
edgeX TENCENTUSDC