Funding you earn now, next payment 08:00 UTC+0.1946%/8h= +213.0% APRnext payment +$9.73 per $10,000 · paid last 24h −0.069%
Price spread now: Bybit against KuCoin+0.071%7-day average −0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs−$558as in the Funding arb table
Net, price: spread back to 7d avg − costs−$512as in the Price arb table
costs, in and out, $10k−$5335.326% of the position
Funding, last 7 days−0.252%−$25 on $10k
+Price spread, last 7 days−0.240%−$24 · spread now +0.071%, 7d avg −0.136%
=Both sides work for this trade now. Funding pays +$58 a day on $10k at the current rate, and Bybit is 0.207% dearer against KuCoin than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of −0.136%. Mind the row above: over the last 7 days funding on this pair cost −0.252%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.252% in total (about -13.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$9.73 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 CPUSDTM | 0.01411 | 0.0100 | pay 0.0050% / 4h | 1h 53m | $204K | $903K | 20x |
| Short | Bybit CPUSDT | 0.01412 | 0.2045 | get 0.1023% / 4h | 1h 53m | $1.6M | $3.1M | 20x |
KuCoin CPUSDTM
Bybit CPUSDTFunding 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
- $408.56
- Price spread: +0.071% → −0.136%
- $20.69
- Slippage, 4 orders
- −$509.61
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$103.36
- Costs to cover
- 5.326%
- Break-even
- 8.8 days
Slippage from KuCoin: live order book, 45 min ago; Bybit: live order book, 3 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, 45 min ago | 10.46 bp | 271.0 bp −$271 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 7.08 bp | 21.4 bp −$21 | 329.6 bp −$3,296 | doesn't fit | doesn't fit |
CP on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin CP-USDT | +0.0050% | 4h | 0.01406 | −0.354% | $426 | $43K | 20x | as long as short |
| BingX CP-USDT | +0.0070% | 4h | 0.01409 | −0.142% | — | $1.1M | — | as long as short |
| OKX CP-USDT-SWAP | +0.0100% | 4h | 0.01409 | −0.142% | $4.0M | $11.9M | 20x | as long as short |
| Gate CP_USDT | +0.0100% | 4h | 0.01409 | −0.142% | $609K | $540K | 20x | as long as short |
| MEXC CP_USDT | +0.0100% | 4h | 0.01408 | −0.213% | $1.5M | $391K | 20x | as long as short |
| KuCoin CPUSDTMlong | +0.0100% | 4h | 0.01411 | long leg | $204K | $903K | 20x | |
| Bitget CPUSDT | +0.0100% | 4h | 0.01409 | −0.106% | $802K | $1.7M | 20x | as long as short |
| Bybit CPUSDTshort | +0.2045% | 4h | 0.01412 | +0.071% | $1.6M | $3.1M | 20x |
BloFin CP-USDT
BingX CP-USDT
OKX CP-USDT-SWAP
Gate CP_USDT
MEXC CP_USDT
Bitget CPUSDT