Funding you earn now, next payment 08:00 UTC−0.0234%/8h= −25.7% APRnext payment −$2.34 per $10,000 · paid last 24h +0.014%
Price spread now: Bybit against KuCoin−0.004%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$831as in the Funding arb table
Net, price: spread back to 7d avg − costs−$825as in the Price arb table
costs, in and out, $10k−$8308.304% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 7 days+0.016%+$2 · spread now −0.004%, 7d avg −0.059%
=The price spread pays, funding is against you. Bybit is 0.054% dearer against KuCoin than usual: you sell high and buy low (spread −0.004% now, against its 7-day average of −0.059%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.001% in total) that is about 10 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.34 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 BICOUSDTM | 0.02251 | 0.0335 | pay 0.0335% / 8h | 3h 48m | $1.1M | $1.4M | 20x |
| Short | Bybit BICOUSDT | 0.02251 | 0.0101 | get 0.0101% / 8h | 3h 48m | $2.3M | $3.8M | 20x |
KuCoin BICOUSDTM
Bybit BICOUSDTFunding 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
- −$49.24
- Price spread: −0.004% → −0.059%
- $5.44
- Slippage, 4 orders
- −$807.42
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$874.21
- Costs to cover
- 8.304%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 4 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, 2 min ago | 6.67 bp | 531.4 bp −$531 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.77 bp | 49.9 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
BICO 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BICOUSDT | +0.0100% | 8h | 0.02247 | −0.185% | $93K | $22K | 5x | as long as short |
| Binance BICOUSDT | +0.0100% | 8h | 0.02249 | −0.110% | $4.0M | $8.3M | 20x | as long as short |
| OKX BICO-USDT-SWAP | +0.0100% | 4h | 0.02253 | +0.089% | $1.8M | $5.1M | 20x | as long as short |
| Gate BICO_USDT | +0.0100% | 8h | 0.02246 | −0.222% | $375K | $327K | 20x | as long as short |
| MEXC BICO_USDT | +0.0100% | 8h | 0.02248 | −0.133% | $1.8M | $1.1M | 50x | as long as short |
| Bitget BICOUSDT | +0.0100% | 8h | 0.02251 | 0.000% | $651K | $518K | 10x | as long as short |
| Bybit BICOUSDTshort | +0.0101% | 8h | 0.02251 | −0.004% | $2.3M | $3.8M | 20x | |
| BingX BICO-USDT | +0.0101% | 8h | 0.02246 | −0.222% | — | $1.7M | — | as long as short |
| Variational Omni BICO | +0.0152% | 8h | 0.02248 | −0.146% | $14K | $8K | — | as long as short |
| KuCoin BICOUSDTMlong | +0.0335% | 8h | 0.02251 | long leg | $1.1M | $1.4M | 20x |
Aster BICOUSDT
Binance BICOUSDT
OKX BICO-USDT-SWAP
Gate BICO_USDT
MEXC BICO_USDT
Bitget BICOUSDT
BingX BICO-USDT
Variational Omni BICOShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_BICOUSD | +0.3903% | 1h | 0.02246 | −0.207% | $37K | $57K | 20x | as long as short |
Kraken Futures PF_BICOUSD