Funding you earn now, next payment 16:00 UTC−0.0202%/8h= −22.1% APRnext payment −$2.02 per $10,000 · paid last 24h −0.030%
Price spread now: Bybit against KuCoin−0.024%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,251as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,218as 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)+0.115%+$11 · spread now −0.024%, 7d avg +0.036%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.060% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.036%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TERUSDTM | 376.37 | 0.0100 | pay 0.0100% / 8h | 7h 44m | $226K | $127K | 20x |
| Short | Bybit TERUSDT | 376.28 | −0.0102 | pay 0.0102% / 8h | 7h 44m | $251K | $129K | 25x |
KuCoin TERUSDTM
Bybit TERUSDTFunding 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
- −$42.32
- Price spread: −0.024% → +0.036%
- −$6.02
- Slippage, 4 orders
- −$1,189.24
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,260.57
- Costs to cover
- 12.122%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 47 min ago; Bybit: live order book, 36 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, 47 min ago | 12.97 bp | 366.1 bp −$366 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 36 min ago | 17.62 bp | 120.2 bp −$120 | 220.5 bp −$2,205 | 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 | −1.1093% | 1h | 377.09 | +0.191% | $118K | $57K | 10x | as long as short |
| Bitget TERUSDT | −0.0195% | 8h | 376.56 | +0.050% | $239K | $156K | 20x | as long as short |
| Bybit TERUSDTshort | −0.0102% | 8h | 376.28 | −0.024% | $251K | $129K | 25x | |
| Binance TERUSDT | 0.0000% | 8h | 376.40 | +0.008% | $519K | $1.0M | 25x | as long as short |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 375.43 | −0.250% | $203K | $177K | 20x | as long as short |
| Gate TER_USDT | 0.0000% | 8h | 376.50 | +0.035% | $295K | $195K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 376.26 | −0.030% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 377.89 | +0.405% | $35K | $4K | 10x | as long as short |
| KuCoin TERUSDTMlong | +0.0100% | 8h | 376.37 | long leg | $226K | $127K | 20x | |
| HTX TER-USDT | +0.0100% | 8h | 376.77 | +0.106% | $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