Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.2% APRnext payment +$0.15 per $10,000 · paid last 24h +0.036%
Price spread now: KuCoin against Bybit−0.062%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$308as in the Funding arb table
Net, price: spread back to 7d avg − costs−$327as in the Price arb table
costs, in and out, $10k−$3193.194% of the position
Funding, last 7 days+0.118%+$12 on $10k
+Price spread, last 7 days−0.172%−$17 · spread now −0.062%, 7d avg +0.015%
=Funding pays, the price is against you. KuCoin is 0.077% cheaper against Bybit than usual: you would sell low and buy high (spread −0.062% now, against its 7-day average of +0.015%). If the spread goes back, that is −$8 on $10k: about 8.7 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BTWUSDT | 0.7827 | 0.0562 | pay 0.0281% / 4h | 3h 01m | $14.9M | $39.0M | 10x |
| Short | KuCoin BTWUSDTM | 0.7822 | 0.0592 | get 0.0296% / 4h | 3h 01m | $7.1M | $4.8M | 10x |
Bybit BTWUSDT
KuCoin BTWUSDTMFunding 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
- $6.22
- Price spread: −0.062% → +0.015%
- −$7.69
- Slippage, 4 orders
- −$296.42
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$320.89
- Costs to cover
- 3.194%
- Break-even
- 368.4 days
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 2 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, 3 min ago | 8.56 bp | 43.3 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 10.10 bp | 154.7 bp −$155 | doesn't fit | doesn't fit | doesn't fit |
BTW 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.7839 | +0.143% | $195K | $742K | 10x | as long as short |
| Gate BTW_USDT | +0.0322% | 4h | 0.7807 | −0.264% | $3.3M | $16.3M | 10x | as long as short |
| Bybit BTWUSDTlong | +0.0562% | 4h | 0.7827 | long leg | $14.9M | $39.0M | 10x | |
| KuCoin BTWUSDTMshort | +0.0592% | 4h | 0.7822 | −0.062% | $7.1M | $4.8M | 10x | |
| Aster BTWUSDT | +0.0785% | 4h | 0.7821 | −0.085% | $2.1M | $2.9M | 5x | as long as short |
| Bitget BTWUSDT | +0.0820% | 4h | 0.7843 | +0.207% | $24.7M | $13.6M | 5x | as long as short |
| Extended BTW-USD | +0.0920% | 1h | 0.7830 | +0.034% | $34K | $15K | 5x | as long as short |
| Binance BTWUSDT | +0.0922% | 4h | 0.7840 | +0.156% | $109.0M | $169.1M | 10x | as long as short |
| BingX BTW-USDT | +0.0930% | 4h | 0.7841 | +0.175% | — | $4.3M | — | as long as short |
| MEXC BTW_USDT | +0.0932% | 4h | 0.7835 | +0.098% | $9.4M | $6.3M | 20x | as long as short |
HTX BTW-USDT
Gate BTW_USDT
Aster BTWUSDT
Bitget BTWUSDT
Extended BTW-USD
Binance BTWUSDT
BingX BTW-USDT
MEXC BTW_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.0946% | 4h | 0.7832 | +0.065% | $323K | $501K | 10x | as long as short |
edgeX BTWUSDC