Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.116%
Price spread now: Bybit against KuCoin+0.340%7-day average +0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,006as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,986as in the Price arb table
costs, in and out, $10k−$2,01520.149% of the position
Funding, last 7 days+0.084%+$8 on $10k
+Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.340%, 7d avg +0.052%
=The price spread pays, funding is against you. Bybit is 0.288% dearer against KuCoin than usual: you sell high and buy low (spread +0.340% now, against its 7-day average of +0.052%): +$29 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.084%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin VUSDTM | 367.80 | 0.0100 | pay 0.0100% / 8h | 2h 50m | $291K | $816K | 20x |
| Short | Bybit VUSDT | 369.05 | 0 | get 0.0000% / 8h | 2h 50m | $124K | $14K | 25x |
KuCoin VUSDTM
Bybit VUSDTFunding 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
- −$21
- Price spread: +0.340% → +0.052%
- $28.78
- Slippage, 4 orders
- −$1,991.94
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$2,007.16
- Costs to cover
- 20.149%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 24 min ago; Bybit: live order book, 44 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, 24 min ago | 53.20 bp | 1062.2 bp −$1,062 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 44 min ago | 16.82 bp | 41.7 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
V on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX VUSDC | −0.0507% | 4h | 368.83 | +0.281% | $192K | $180K | 10x | as long as short |
| Injective V/USDC PERP | −0.0220% | 1h | 332.12 | −9.701% | $16K | $30K | 12x | as long as short |
| Aster VUSDT | 0.0000% | 8h | 369.35 | +0.421% | $17K | $6K | 20x | as long as short |
| Binance VUSDT | 0.0000% | 8h | 368.82 | +0.278% | $600K | $269K | 20x | as long as short |
| Bybit VUSDTshort | 0.0000% | 8h | 369.05 | +0.340% | $124K | $14K | 25x | |
| Gate V_USDT | 0.0000% | 8h | 368.60 | +0.218% | $189K | $5K | 20x | as long as short |
| Bitget VUSDT | 0.0000% | 8h | 369.14 | +0.364% | $121K | $11K | 20x | as long as short |
| SunX V-USDT | 0.0000% | 8h | 368.71 | +0.247% | $1K | $598K | 10x | as long as short |
| HTX V-USDT | 0.0000% | 8h | 369.04 | +0.337% | $6K | $32K | 20x | as long as short |
| GRVT V_USDT_Perp | +0.0015% | 8h | 368.80 | +0.271% | $12K | $157K | 10x | as long as short |
edgeX VUSDC
Injective V/USDC PERP
Aster VUSDT
Binance VUSDT
Gate V_USDT
Bitget VUSDT
SunX V-USDT
HTX V-USDT
GRVT V_USDT_PerpShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin VUSDTMlong | +0.0100% | 8h | 367.80 | long leg | $291K | $816K | 20x |