Funding you earn now, next payment 16:00 UTC+0.0292%/8h= +32.0% APRnext payment +$2.92 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Bybit+0.090%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,173as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,200as in the Price arb table
costs, in and out, $10k−$1,21212.122% of the position
Funding, last 7 days+0.391%+$39 on $10k
+Price spread, last 4 days (all we have)−0.181%−$18 · spread now +0.090%, 7d avg −0.036%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and KuCoin is 0.127% dearer against Bybit than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TERUSDT | 376.03 | −0.0192 | get 0.0192% / 8h | 7h 42m | $250K | $125K | 25x |
| Short | KuCoin TERUSDTM | 376.37 | 0.0100 | get 0.0100% / 8h | 7h 42m | $227K | $128K | 20x |
Bybit TERUSDT
KuCoin TERUSDTMFunding 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
- $61.35
- Price spread: +0.090% → −0.036%
- $12.67
- Slippage, 4 orders
- −$1,189.24
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,138.22
- Costs to cover
- 12.122%
- Break-even
- 136.9 days
Slippage from Bybit: live order book, 37 min ago; KuCoin: live order book, 49 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, 37 min ago | 17.62 bp | 63.8 bp −$64 | 213.7 bp −$2,137 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 49 min ago | 12.97 bp | 662.2 bp −$662 | doesn't fit | doesn't fit | doesn't fit |
TER on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:TER | −1.1257% | 1h | 377.09 | +0.282% | $118K | $57K | 10x | as long as short |
| Bitget TERUSDT | −0.0193% | 8h | 376.56 | +0.141% | $239K | $156K | 20x | as long as short |
| Bybit TERUSDTlong | −0.0192% | 8h | 376.03 | long leg | $250K | $125K | 25x | |
| Binance TERUSDT | 0.0000% | 8h | 376.40 | +0.098% | $519K | $1.0M | 25x | as long as short |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 375.43 | −0.160% | $203K | $177K | 20x | as long as short |
| Gate TER_USDT | 0.0000% | 8h | 376.70 | +0.178% | $295K | $195K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 376.26 | +0.061% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 377.89 | +0.496% | $35K | $4K | 10x | as long as short |
| KuCoin TERUSDTMshort | +0.0100% | 8h | 376.37 | +0.090% | $227K | $128K | 20x | |
| HTX TER-USDT | +0.0100% | 8h | 376.44 | +0.109% | $3K | $39K | 10x | as long as short |
Paragon para:TER
Bitget TERUSDT
Binance TERUSDT
OKX TER-USDT-SWAP
Gate TER_USDT
Variational Omni TER
Extended TER_24_5-USD
HTX TER-USDT