Funding you earn now, next payment 04:00 UTC−0.1089%/8h= −119.2% APRnext payment −$5.44 per $10,000 · paid last 24h +0.041%
Price spread now: KuCoin against Bybit−0.020%7-day average +0.139% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,184as in the Price arb table
costs, in and out, $10k−$1,16811.684% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now −0.020%, 7d avg +0.139%
=Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and KuCoin is 0.158% cheaper against Bybit than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.139%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.034% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.44 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 | Bybit BUSDT | 0.2049 | 0.1715 | pay 0.0857% / 4h | 3h 49m | $1.8M | $966K | 13x |
| Short | KuCoin BUSDTM | 0.2048 | 0.0626 | get 0.0313% / 4h | 3h 49m | $1.9M | $72K | 10x |
Bybit BUSDT
KuCoin BUSDTMFunding 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
- −$228.64
- Price spread: −0.020% → +0.139%
- −$15.84
- Slippage, 4 orders
- −$1,145.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,412.89
- Costs to cover
- 11.684%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 7 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, 2 min ago | 1.95 bp | 197.9 bp −$198 | 3152.3 bp −$31.5K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 16.86 bp | 295.4 bp −$295 | doesn't fit | doesn't fit | doesn't fit |
B 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate B_USDT | +0.0408% | 4h | 0.2048 | −0.029% | $3.5M | $597K | 20x | as long as short |
| KuCoin BUSDTMshort | +0.0626% | 4h | 0.2048 | −0.020% | $1.9M | $72K | 10x | |
| edgeX BUSDC | +0.0786% | 4h | 0.2047 | −0.073% | $3K | $390K | 5x | as long as short |
| BloFin B-USDT | +0.0797% | 4h | 0.2050 | +0.068% | $596K | $40K | 20x | as long as short |
| Extended B-USD | +0.0800% | 1h | 0.2049 | −0.004% | $15K | $130K | 5x | as long as short |
| MEXC B_USDT | +0.0802% | 4h | 0.2050 | +0.068% | $1.0M | $351K | 100x | as long as short |
| Binance BUSDT | +0.0809% | 4h | 0.2050 | +0.093% | $11.8M | $2.0M | 20x | as long as short |
| Bitget BUSDT | +0.1252% | 4h | 0.2049 | +0.020% | $2.8M | $240K | 10x | as long as short |
| Aster BUSDT | +0.1563% | 4h | 0.2051 | +0.117% | $1.9M | $212K | 5x | as long as short |
| Bybit BUSDTlong | +0.1715% | 4h | 0.2049 | long leg | $1.8M | $966K | 13x |
Gate B_USDT
edgeX BUSDC
BloFin B-USDT
Extended B-USD
MEXC B_USDT
Binance BUSDT
Bitget BUSDT
Aster BUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX B-USDT | +0.2074% | 4h | 0.2050 | +0.068% | — | $1.2M | — | as long as short |
BingX B-USDT