BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0148%/8h= −16.2% APRnext payment −$1.48 per $10,000 · paid last 24h −0.015%

Price spread now: KuCoin against Bybit−0.006%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$230.235% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 7 days+0.017%+$2 · spread now −0.006%, 7d avg −0.002%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BTCUSDT	85,321.1	0.0100	pay 0.0100% / 8h	1h 53m	$5.14B	$9.99B	150x
Short	KuCoin XBTUSDTM	85,316	−0.0048	pay 0.0048% / 8h	1h 53m	$926.1M	$772.1M	125x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$31.08
Price spread: −0.006% → −0.002%: −$0.37
Slippage, 4 orders: −$0.46
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$54.91
Costs to cover: 0.235%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; KuCoin: 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 Bybit live order book, 6 min ago	0.01 bp	5.5 bp −$6	5.5 bp −$55	5.5 bp −$551	6.6 bp −$3,314
Sell KuCoin live order book, 6 min ago	0.01 bp	6.4 bp −$6	7.1 bp −$71	9.0 bp −$902	doesn't fit

BTC on 56 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
Phoenix BTC	−0.0111%	1h	85,444	+0.144%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,343	+0.026%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTMshort	−0.0048%	8h	85,316	−0.006%	$926.1M	$772.1M	125x
BloFin BTC-USDT	−0.0023%	8h	85,328.6	+0.009%	$420.1M	$683.5M	150x	as long as short
Aster BTCUSDT	−0.0009%	8h	85,316.9	−0.005%	$513.0M	$1.09B	200x	as long as short
dYdX BTC-USD	0.0000%	1h	85,344.1	+0.027%	$16.7M	$21.5M	50x	as long as short
Perpl BTC	0.0000%	43m	85,342.6	+0.025%	$528K	$18.3M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,338.3	+0.020%	$36.5M	—	200x	as long as short
01 Exchange BTCUSD	+0.0008%	1h	85,331.3	+0.012%	$354K	$2.4M	50x	as long as short
Nado BTC-PERP	+0.0040%	1h	85,302.9	−0.021%	$24.5M	$222.5M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	+0.0057%	1h	85,405	+0.098%	$339K	$26.8M	52x	as long as short
BingX BTC-USDT	+0.0070%	8h	85,337.1	+0.019%	—	$1.56B	—	as long as short
Bitget BTCUSDT	+0.0087%	8h	85,332.2	+0.013%	$2.95B	$5.18B	150x	as long as short
Kraken Futures PF_XBTUSD	+0.0089%	1h	85,345	+0.028%	$187.3M	$956.1M	100x	as long as short
Phemex BTCUSDT	+0.0091%	8h	85,330.1	+0.011%	$149.5M	$508.3M	150x	as long as short
Lighter BTC	+0.0096%	1h	85,340.2	+0.022%	$170.5M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,338.2	+0.020%	$23.6M	$147.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,314	−0.008%	$8.3M	$56.0M	100x	as long as short
MEXC BTC_USDT	+0.0096%	8h	85,332.1	+0.013%	$5.00B	$5.73B	500x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,322.4	+0.002%	$2.4M	$6.7M	20x	as long as short
Binance BTCUSDT	+0.0096%	8h	85,329.2	+0.010%	$9.42B	$24.99B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,309	−0.014%	$239K	$8.6M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,384	+0.074%	$5.8M	$9.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,411	+0.105%	$3.75B	$5.09B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,357.1	+0.042%	$40.1M	$602.1M	50x	as long as short
Bybit BTCUSDTlong	+0.0100%	8h	85,321.1	long leg	$5.14B	$9.99B	150x
OKX BTC-USDT-SWAP	+0.0100%	8h	85,341.6	+0.024%	$2.59B	$12.25B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,310	−0.013%	$3.8M	$17.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,339.3	+0.021%	$4.6M	$98.8M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,333.3	+0.014%	$5.50B	$10.95B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,321.4	0.000%	$36.8M	$179.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,340.9	+0.023%	$155.1M	$558.9M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,336.9	+0.018%	$279.6M	$951.1M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,385.1	+0.075%	$214.3M	$167.5M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,382.8	+0.072%	$139.6M	$314.4M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,377.3	+0.066%	$30.1M	$206.6M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,372.5	+0.060%	—	$10.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,306	−0.018%	$11.0M	$14.6M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,326.8	+0.007%	$204K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,333.1	+0.014%	$2.6M	$9.9M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,364.4	+0.051%	$194K	$795K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,303	−0.021%	$29.9M	$48.0M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,288.8	−0.038%	$2.9M	$6.1M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,327	+0.007%	$59.7M	$336.8M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,319.4	−0.002%	$2.26B	$968.9M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,476.9	+0.183%	$684.3M	$499.2M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,308.7	−0.015%	$44.5M	$240.7M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,340.4	+0.023%	—	$106.9M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,369.1	+0.056%	$116.6M	$5.46B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0118%	1h	85,368.5	+0.056%	$866.3M	$1.63B	50x	as long as short
Reya BTCRUSDPERP	+0.0122%	1h	85,297	−0.028%	$6.6M	$147.6M	40x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0175% / S −0.0152%	1h	85,330.1	+0.010%	$13.0M	—	200x	as long as short
RISEx BTC/USDC	+0.0193%	1h	85,354	+0.039%	$8.7M	$43.2M	25x	as long as short
Kalshi KXBTCPERP	+0.0201%	8h	85,345	+0.028%	$11.7M	$743.1M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	85,366.6	+0.053%	$690K	$8.0M	30x	as long as short
Aftermath Perps BTCUSD	+0.0254%	1h	85,411	+0.105%	$79K	$229K	20x	as long as short