Funding you earn now, next payment 08:00 UTC−0.0267%/8h= −29.3% APRnext payment −$1.34 per $10,000 · paid last 24h −0.003%
Price spread now: Bybit against KuCoin−0.014%7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1461.457% of the position
Funding, last 7 days−0.069%−$7 on $10k
+Price spread, last 7 days+0.052%+$5 · spread now −0.014%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bybit is 0.030% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.015%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.069% in total (about -3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.34 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 ETHFIUSDTM | 0.7036 | 0.0100 | pay 0.0050% / 4h | 3h 21m | $1.2M | $227K | 50x |
| Short | Bybit ETHFIUSDT | 0.7035 | −0.0167 | pay 0.0084% / 4h | 3h 21m | $17.5M | $12.5M | 25x |
KuCoin ETHFIUSDTM
Bybit ETHFIUSDTFunding 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
- −$56.14
- Price spread: −0.014% → +0.015%
- −$2.95
- Slippage, 4 orders
- −$122.74
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$204.83
- Costs to cover
- 1.457%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 4 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, 4 min ago | 6.39 bp | 57.6 bp −$58 | 172.8 bp −$1,728 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.42 bp | 19.0 bp −$19 | 51.7 bp −$517 | 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 | −0.0317% | 1h | 0.7045 | +0.128% | $40K | $11K | 10x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0304% | 1h | 0.7051 | +0.208% | $260K | $213K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0248% | 4h | 0.7041 | +0.071% | $16K | $1K | 10x | as long as short |
| Bybit ETHFIUSDTshort | −0.0167% | 4h | 0.7035 | −0.014% | $17.5M | $12.5M | 25x | |
| HTX ETHFI-USDT | −0.0160% | 4h | 0.7034 | −0.028% | $82K | $180K | 20x | as long as short |
| Variational Omni ETHFI | +0.0012% | 4h | 0.7038 | +0.024% | $982K | $703K | — | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +2.899% | $321 | $51K | 5.5x | as long as short |
| Extended ETHFI-USD | +0.0048% | 1h | 0.7041 | +0.070% | $95K | $374K | 10x | as long as short |
| MEXC ETHFI_USDT | +0.0048% | 4h | 0.7039 | +0.043% | $15.9M | $4.1M | 125x | as long as short |
| Binance ETHFIUSDT | +0.0048% | 4h | 0.7035 | −0.008% | $24.4M | $34.9M | 75x | as long as short |
Deribit ETHFI_USDC-PERPETUAL
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
HTX ETHFI-USDT
Variational Omni ETHFI
Injective ETHFI/USDC PERP
Extended ETHFI-USD
MEXC ETHFI_USDT
Binance ETHFIUSDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex ETHFI-USD-PERP | +0.0070% | 8h | 0.7039 | +0.039% | $6K | — | 5x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.7047 | +0.158% | $1.1M | $841K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7037 | +0.009% | $8K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7037 | +0.009% | $17.5M | $7.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7044 | +0.118% | $180K | $229K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7038 | +0.028% | $5.1M | $12.3M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7037 | +0.014% | $1.7M | $1.9M | 75x | as long as short |
| KuCoin ETHFIUSDTMlong | +0.0100% | 4h | 0.7036 | long leg | $1.2M | $227K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.7036 | 0.000% | $6.0M | $5.2M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7037 | +0.014% | — | $8.8M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7049 | +0.185% | $65K | $125K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7048 | +0.171% | $1K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0192% | 4h | 0.7035 | −0.014% | $1.2M | $242K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0544% | 1h | 0.7054 | +0.256% | $31K | $6K | 50x | as long as short |
Paradex ETHFI-USD-PERP
Lighter ETHFI
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX