Funding you earn now, next payment 06:00 UTC+1.2968%/8h= +1420.0% APRpaid last 24h +1.004%
Price spread now: Bybit against KuCoin−0.442%7-day average +0.224% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$227as in the Price arb table
costs, in and out, $10k−$1601.602% of the position
Funding, last 7 days+1.372%+$137 on $10k
+Price spread, last 7 days+1.587%+$159 · spread now −0.442%, 7d avg +0.224%
=Funding pays, the price is against you. Bybit is 0.666% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.442% now, against its 7-day average of +0.224%). If the spread goes back, that is −$67 on $10k: about 4 hours of funding at the current rate (+$389 a day). At the pace of the last 7 days (+1.372% in total) that is about 3.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.372% in total (about 71.5% a year). A funding rate is set anew for every payment. 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 CVCUSDTM | 0.02713 | 0.0398 | pay 0.0199% / 4h | 2h 49m | $1.3M | $424K | 30x |
| Short | Bybit CVCUSDT | 0.02701 | 1.3366 | get 0.1671% / 1h | 49m 20s | $1.7M | $1.6M | 25x |
KuCoin CVCUSDTM
Bybit CVCUSDTFunding 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
- $2,723.28
- Price spread: −0.442% → +0.224%
- −$66.6
- Slippage, 4 orders
- −$137.2
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $2,496.48
- Costs to cover
- 1.602%
- Break-even
- 0.6 days
Slippage from KuCoin: live order book, 11 min ago; Bybit: 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 KuCoin live order book, 11 min ago | 5.52 bp | 42.5 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.70 bp | 30.6 bp −$31 | 275.7 bp −$2,757 | doesn't fit | doesn't fit |
CVC 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CVC | +0.0100% | 1h | 0.02703 | −0.386% | $1K | $491 | — | as long as short |
| Binance CVCUSDT | +0.0100% | 4h | 0.02707 | −0.231% | $2.8M | $5.6M | 50x | as long as short |
| Gate CVC_USDT | +0.0100% | 4h | 0.02707 | −0.221% | $215K | $308K | 25x | as long as short |
| MEXC CVC_USDT | +0.0100% | 4h | 0.02707 | −0.221% | $650K | $132K | 20x | as long as short |
| Bitget CVCUSDT | +0.0100% | 4h | 0.02707 | −0.221% | $437K | $500K | 50x | as long as short |
| KuCoin CVCUSDTMlong | +0.0398% | 4h | 0.02713 | long leg | $1.3M | $424K | 30x | |
| BingX CVC-USDT | +0.1758% | 4h | 0.02705 | −0.295% | — | $2.4M | — | as long as short |
| Bybit CVCUSDTshort | +1.3366% | 1h | 0.02701 | −0.442% | $1.7M | $1.6M | 25x |
Variational Omni CVC
Binance CVCUSDT
Gate CVC_USDT
MEXC CVC_USDT
Bitget CVCUSDT
BingX CVC-USDT