Funding you earn now, next payment 00:00 UTC+0.0587%/8h= +64.3% APRnext payment +$2.93 per $10,000 · paid last 24h +0.067%
Price spread now: Bybit against KuCoin+0.075%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$875as in the Funding arb table
Net, price: spread back to 7d avg − costs−$879as in the Price arb table
costs, in and out, $10k−$8828.817% of the position
Funding, last 7 days+0.065%+$6 on $10k
+Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.075%, 7d avg +0.049%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Bybit is 0.025% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.049%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.065% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.93 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ARXUSDTM | 0.2013 | 0.0100 | pay 0.0050% / 4h | 1h 04m | $694K | $692K | 20x |
| Short | Bybit ARXUSDT | 0.2014 | 0.0687 | get 0.0343% / 4h | 1h 04m | $4.0M | $2.4M | 20x |
KuCoin ARXUSDTM
Bybit ARXUSDTFunding 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
- $123.26
- Price spread: +0.075% → +0.049%
- $2.52
- Slippage, 4 orders
- −$858.74
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$755.96
- Costs to cover
- 8.817%
- Break-even
- 49.9 days
Slippage from KuCoin: live order book, 69 min ago; Bybit: live order book, 8 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, 69 min ago | 11.11 bp | 297.0 bp −$297 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 8 min ago | 4.94 bp | 47.1 bp −$47 | 988.9 bp −$9,889 | doesn't fit | doesn't fit |
ARX 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ARX-USDT-SWAP | +0.0100% | 4h | 0.2014 | +0.075% | $729K | $2.9M | 20x | as long as short |
| Gate ARX_USDT | +0.0100% | 4h | 0.2021 | +0.422% | $1.0M | $432K | 20x | as long as short |
| KuCoin ARXUSDTMlong | +0.0100% | 4h | 0.2013 | long leg | $694K | $692K | 20x | |
| BloFin ARX-USDT | +0.0156% | 4h | 0.2015 | +0.124% | $236K | $51K | 20x | as long as short |
| MEXC ARX_USDT | +0.0194% | 4h | 0.2015 | +0.124% | $865K | $404K | 20x | as long as short |
| Binance ARXUSDT | +0.0198% | 4h | 0.2012 | −0.025% | $5.5M | $11.1M | 20x | as long as short |
| Bitget ARXUSDT | +0.0216% | 4h | 0.2012 | −0.015% | $1.9M | $1.7M | 20x | as long as short |
| Aster ARXUSDT | +0.0380% | 4h | 0.2012 | −0.024% | $101K | $91K | 10x | as long as short |
| BingX ARX-USDT | +0.0600% | 4h | 0.2009 | −0.174% | — | $1.7M | — | as long as short |
| Bybit ARXUSDTshort | +0.0687% | 4h | 0.2014 | +0.075% | $4.0M | $2.4M | 20x |
OKX ARX-USDT-SWAP
Gate ARX_USDT
BloFin ARX-USDT
MEXC ARX_USDT
Binance ARXUSDT
Bitget ARXUSDT
Aster ARXUSDT
BingX ARX-USDT