Funding you earn now, next payment 08:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.24 per $10,000 · paid last 24h +0.003%
Price spread now: KuCoin against Bybit−0.072%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1451.451% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 7 days+0.028%+$3 · spread now −0.072%, 7d avg −0.015%
=Funding pays, the price is against you. KuCoin is 0.056% cheaper against Bybit than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of −0.015%). If the spread goes back, that is −$6 on $10k: about 3.9 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 ETHFIUSDT | 0.6969 | 0.0052 | pay 0.0026% / 4h | 1h 20m | $17.3M | $13.1M | 25x |
| Short | KuCoin ETHFIUSDTM | 0.6964 | 0.0100 | get 0.0050% / 4h | 1h 20m | $1.2M | $229K | 50x |
Bybit ETHFIUSDT
KuCoin ETHFIUSDTMFunding 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
- $10.16
- Price spread: −0.072% → −0.015%
- −$5.64
- Slippage, 4 orders
- −$122.06
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$140.55
- Costs to cover
- 1.451%
- Break-even
- 103.8 days
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 4 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 | 1.44 bp | 17.6 bp −$18 | 42.2 bp −$422 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 8.62 bp | 48.9 bp −$49 | 169.9 bp −$1,699 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0468% | 1h | 0.6962 | −0.100% | $41K | $11K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0389% | 4h | 0.6951 | −0.258% | $82K | $175K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0280% | 4h | 0.6959 | −0.143% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0132% | 4h | 0.6961 | −0.111% | $913K | $787K | — | as long as short |
| MEXC ETHFI_USDT | −0.0018% | 4h | 0.6963 | −0.086% | $15.8M | $4.2M | 125x | as long as short |
| Binance ETHFIUSDT | −0.0017% | 4h | 0.6963 | −0.086% | $24.2M | $36.3M | 75x | as long as short |
| Extended ETHFI-USD | −0.0016% | 1h | 0.6961 | −0.110% | $94K | $506K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0002% | 8h | 0.6965 | −0.052% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +3.889% | $321 | $51K | 5.5x | as long as short |
| Bybit ETHFIUSDTlong | +0.0052% | 4h | 0.6969 | long leg | $17.3M | $13.1M | 25x |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Orderly PERP_ETHFI_USDC
Variational Omni ETHFI
MEXC ETHFI_USDT
Binance ETHFIUSDT
Extended ETHFI-USD
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERPShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0080% | 1h | 0.6957 | −0.169% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6970 | +0.019% | $1.1M | $829K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6965 | −0.059% | $16.7M | $8.7M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6970 | +0.014% | $178K | $262K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6971 | +0.029% | $5.1M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6972 | +0.043% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTMshort | +0.0100% | 4h | 0.6964 | −0.072% | $1.2M | $229K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6966 | −0.043% | $6.1M | $4.9M | 75x | as long as short |
| BingX ETHFI-USDC | +0.0100% | 4h | 0.6966 | −0.043% | — | $1.2M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6965 | −0.053% | $52K | $149K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6967 | −0.029% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0221% | 4h | 0.6942 | −0.387% | $1.2M | $240K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0328% | 1h | 0.6978 | +0.129% | $32K | $7K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.1688% | 1h | 0.6972 | +0.037% | $291K | $297K | 20x | as long as short |
Aevo ETHFI-PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDC
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD