Funding you earn now, next payment 08:00 UTC−0.0273%/8h= −29.9% APRnext payment −$2.73 per $10,000 · paid last 24h −0.070%
Price spread now: Bybit against KuCoin−0.016%7-day average +0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,358as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,329as in the Price arb table
costs, in and out, $10k−$1,32013.198% of the position
Funding, last 7 days−0.378%−$38 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now −0.016%, 7d avg +0.071%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.087% cheaper against KuCoin than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.071%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin VRTUSDTM | 252.93 | 0.0411 | pay 0.0411% / 8h | 4h 44m | $107K | $22K | 20x |
| Short | Bybit VRTUSDT | 252.89 | 0.0138 | get 0.0138% / 8h | 4h 44m | $453K | $121K | 25x |
KuCoin VRTUSDTM
Bybit VRTUSDTFunding 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
- −$57.37
- Price spread: −0.016% → +0.071%
- −$8.71
- Slippage, 4 orders
- −$1,296.8
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,385.88
- Costs to cover
- 13.198%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 30 min ago; Bybit: live order book, 6 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, 30 min ago | 17.97 bp | 803.8 bp −$804 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 9.49 bp | 44.5 bp −$45 | 197.3 bp −$1,973 | doesn't fit | doesn't fit |
VRT 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate VRT_USDT | 0.0000% | 8h | 253.20 | +0.107% | $141K | $18K | 20x | as long as short |
| Bitget VRTUSDT | 0.0000% | 8h | 252.72 | −0.083% | $480K | $149K | 20x | as long as short |
| SunX VRT-USDT | 0.0000% | 8h | 252.77 | −0.063% | $1K | $491K | 10x | as long as short |
| HTX VRT-USDT | 0.0000% | 8h | 252.99 | +0.024% | $9K | $42K | 10x | as long as short |
| Injective VRT/USDC PERP | +0.0033% | 1h | 249.42 | −1.388% | $9K | $50 | 12x | as long as short |
| Bybit VRTUSDTshort | +0.0138% | 8h | 252.89 | −0.016% | $453K | $121K | 25x | |
| OKX VRT-USDT-SWAP | +0.0283% | 8h | 252.34 | −0.233% | $266K | $160K | 20x | as long as short |
| KuCoin VRTUSDTMlong | +0.0411% | 8h | 252.93 | long leg | $107K | $22K | 20x | |
| Binance VRTUSDT | +0.0642% | 8h | 252.83 | −0.040% | $1.1M | $1.1M | 25x | as long as short |
Gate VRT_USDT
Bitget VRTUSDT
SunX VRT-USDT
HTX VRT-USDT
Injective VRT/USDC PERP
OKX VRT-USDT-SWAP
Binance VRTUSDT