Funding you earn now, next payment 12:00 UTC+0.2389%/8h= +261.6% APRnext payment +$11.95 per $10,000 · paid last 24h +0.708%
Price spread now: Bybit against KuCoin−0.358%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$296as in the Price arb table
costs, in and out, $10k−$2642.643% of the position
Funding, last 7 days+0.682%+$68 on $10k
+Price spread, last 7 days+0.462%+$46 · spread now −0.358%, 7d avg −0.037%
=Funding pays, the price is against you. Bybit is 0.321% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.358% now, against its 7-day average of −0.037%). If the spread goes back, that is −$32 on $10k: about 11 hours of funding at the current rate (+$72 a day). At the pace of the last 7 days (+0.682% in total) that is about 3.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.682% in total (about 35.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$11.95 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 ESPUSDTM | 0.09492 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $1.5M | $38K | 25x |
| Short | Bybit ESPUSDT | 0.09458 | 0.2489 | get 0.1245% / 4h | 3h 30m | $1.1M | $683K | 50x |
KuCoin ESPUSDTM
Bybit ESPUSDTFunding 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
- $501.75
- Price spread: −0.358% → −0.037%
- −$32.13
- Slippage, 4 orders
- −$241.31
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $205.31
- Costs to cover
- 2.643%
- Break-even
- 4.1 days
Slippage from KuCoin: live order book, 5 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, 5 min ago | 22.04 bp | 69.5 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 6.85 bp | 53.2 bp −$53 | 305.3 bp −$3,053 | doesn't fit | doesn't fit |
ESP 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ESPUSDT | +0.0100% | 4h | 0.09486 | −0.065% | $8K | $18K | 5x | as long as short |
| Binance ESPUSDT | +0.0100% | 4h | 0.09474 | −0.190% | $2.4M | $4.1M | 25x | as long as short |
| OKX ESP-USDT-SWAP | +0.0100% | 4h | 0.09488 | −0.042% | $605K | $1.1M | 20x | as long as short |
| Gate ESP_USDT | +0.0100% | 8h | 0.09486 | −0.063% | $191K | $607K | 50x | as long as short |
| MEXC ESP_USDT | +0.0100% | 4h | 0.09474 | −0.190% | $1.3M | $130K | 20x | as long as short |
| KuCoin ESPUSDTMlong | +0.0100% | 4h | 0.09492 | long leg | $1.5M | $38K | 25x | |
| Bitget ESPUSDT | +0.0100% | 4h | 0.09468 | −0.254% | $965K | $147K | 20x | as long as short |
| BloFin ESP-USDT | +0.0114% | 4h | 0.09484 | −0.084% | $126K | $35K | 25x | as long as short |
| edgeX ESPUSDC | +0.0117% | 4h | 0.09492 | +0.003% | $29K | $268K | 10x | as long as short |
| Bybit ESPUSDTshort | +0.2489% | 4h | 0.09458 | −0.358% | $1.1M | $683K | 50x |
Aster ESPUSDT
Binance ESPUSDT
OKX ESP-USDT-SWAP
Gate ESP_USDT
MEXC ESP_USDT
Bitget ESPUSDT
BloFin ESP-USDT
edgeX ESPUSDCShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX ESP-USDT | +0.3486% | 4h | 0.09470 | −0.232% | — | $1.7M | — | as long as short |
BingX ESP-USDT