Funding you earn now, next payment 04:00 UTC−0.0197%/8h= −21.6% APRnext payment −$0.99 per $10,000 · paid last 24h −0.002%
Price spread now: Bybit against KuCoin−0.085%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$519as in the Funding arb table
Net, price: spread back to 7d avg − costs−$514as in the Price arb table
costs, in and out, $10k−$5105.095% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 4 days (all we have)+0.362%+$36 · spread now −0.085%, 7d avg −0.043%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.042% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.043%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.096% in total (about -5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.99 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 CCUSDTM | 0.1176 | 0.0100 | pay 0.0050% / 4h | 1h 08m | $485K | $122K | 50x |
| Short | Bybit CCUSDT | 0.1175 | −0.0097 | pay 0.0049% / 4h | 1h 08m | $10.7M | $3.9M | 25x |
KuCoin CCUSDTM
Bybit CCUSDTFunding 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
- −$41.42
- Price spread: −0.085% → −0.043%
- −$4.2
- Slippage, 4 orders
- −$486.54
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$555.16
- Costs to cover
- 5.095%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 15 min ago; Bybit: live order book, 5 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, 15 min ago | 22.44 bp | 243.7 bp −$244 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.83 bp | 38.7 bp −$39 | 276.3 bp −$2,763 | doesn't fit | doesn't fit |
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.4093% | 1h | 0.1180 | +0.315% | $402 | $3K | 5.5x | as long as short |
| MEXC CC_USDT | −0.0108% | 4h | 0.1175 | −0.094% | $1.7M | $324K | 100x | as long as short |
| Bybit CCUSDTshort | −0.0097% | 4h | 0.1175 | −0.085% | $10.7M | $3.9M | 25x | |
| Paradex CC-USD-PERP | +0.0098% | 8h | 0.1175 | −0.099% | $1K | — | 5x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1175 | −0.120% | $35K | $32K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1176 | −0.060% | $11.1M | $12.1M | 75x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1176 | −0.009% | $2.6M | $3.4M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1176 | −0.009% | $364K | $218K | 50x | as long as short |
| KuCoin CCUSDTMlong | +0.0100% | 4h | 0.1176 | long leg | $485K | $122K | 50x | |
| Bitget CCUSDT | +0.0100% | 4h | 0.1175 | −0.102% | $921K | $787K | 20x | as long as short |
Injective CC/USDC PERP
MEXC CC_USDT
Paradex CC-USD-PERP
Aster CCUSDT
Binance CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
Bitget CCUSDTShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX CC-USDT | +0.0100% | 4h | 0.1176 | −0.034% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1176 | −0.043% | $15K | $22K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1175 | −0.113% | $598K | $55K | — | as long as short |
| GRVT CC_USDT_Perp | +0.0100% | 4h | 0.1176 | −0.031% | $80K | $2.4M | 10x | as long as short |
| Derive CC-PERP | +0.0100% | 1h | 0.1175 | −0.126% | $6K | $35K | 6.7x | as long as short |
| Hyperliquid CC | +0.0266% | 1h | 0.1177 | +0.102% | $5.5M | $1.4M | 3x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1176 | −0.026% | $594K | $99K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0448% / S −0.0241% | 1h | 0.1176 | −0.001% | $44K | — | 50x | as long as short |
| Lighter CC | +0.1024% | 1h | 0.1181 | +0.434% | $244K | $160K | 5x | as long as short |
BingX CC-USDT
Backpack CC_USDC_PERP
Variational Omni CC
GRVT CC_USDT_Perp
Derive CC-PERP
Hyperliquid CC
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]
Lighter CC