Funding you earn now, next payment 08:00 UTC+0.0105%/8h= +11.5% APRnext payment +$1.05 per $10,000 · paid last 24h −0.003%
Price spread now: Bybit against KuCoin−0.060%7-day average −0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$57as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$580.584% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 7 days+0.015%+$2 · spread now −0.060%, 7d avg −0.019%
=Funding pays, the price is against you. Bybit is 0.041% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.060% now, against its 7-day average of −0.019%). If the spread goes back, that is −$4 on $10k: about 31 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.019% in total) that is about 15 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin FILUSDTM | 0.9997 | −0.0005 | get 0.0005% / 8h | 4h 14m | $7.3M | $7.6M | 50x |
| Short | Bybit FILUSDT | 0.9991 | 0.0100 | get 0.0100% / 8h | 4h 14m | $15.7M | $20.0M | 25x |
KuCoin FILUSDTM
Bybit FILUSDTFunding 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
- $22.05
- Price spread: −0.060% → −0.019%
- −$4.07
- Slippage, 4 orders
- −$35.36
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$40.38
- Costs to cover
- 0.584%
- Break-even
- 19.8 days
Slippage from KuCoin: live order book, 4 min ago; Bybit: 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 KuCoin live order book, 4 min ago | 2.51 bp | 18.0 bp −$18 | 46.8 bp −$468 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.50 bp | 12.9 bp −$13 | 29.5 bp −$295 | doesn't fit | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International FIL-PERP-INTX | −0.0208% | 1h | 0.9990 | −0.070% | $368K | $2.1M | 50x | as long as short |
| Deribit FIL_USDC-PERPETUAL | −0.0150% | 1h | 1.0001 | +0.040% | $172K | $23K | 25x | as long as short |
| OKX FIL-USDT-SWAP | −0.0045% | 8h | 0.9992 | −0.050% | $18.5M | $105.0M | 50x | as long as short |
| KuCoin FILUSDTMlong | −0.0005% | 8h | 0.9997 | long leg | $7.3M | $7.6M | 50x | |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9997 | +0.004% | $26K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 1.0002 | +0.052% | $58K | $2K | 10x | as long as short |
| Injective FIL/USDC PERP | +0.0033% | 1h | 0.9855 | −1.420% | $2K | $240K | 12x | as long as short |
| Kraken Futures PF_FILUSD | +0.0043% | 1h | 1.0002 | +0.049% | $1.4M | $2.3M | 50x | as long as short |
| Lighter FIL | +0.0096% | 1h | 0.9991 | −0.056% | $155K | $362K | 5x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9997 | −0.003% | $8.5M | $9.5M | 5x | as long as short |
Coinbase International FIL-PERP-INTX
Deribit FIL_USDC-PERPETUAL
OKX FIL-USDT-SWAP
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
Injective FIL/USDC PERP
Kraken Futures PF_FILUSD
Lighter FIL
Hyperliquid FILShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster FILUSDT | +0.0100% | 8h | 0.9998 | +0.006% | $513K | $606K | 20x | as long as short |
| Binance FILUSDT | +0.0100% | 8h | 0.9995 | −0.020% | $57.4M | $183.4M | 75x | as long as short |
| Bybit FILUSDTshort | +0.0100% | 8h | 0.9991 | −0.060% | $15.7M | $20.0M | 25x | |
| Gate FIL_USDT | +0.0100% | 8h | 0.9996 | −0.010% | $8.4M | $16.7M | 50x | as long as short |
| MEXC FIL_USDC | +0.0100% | 8h | 0.9993 | −0.040% | $242K | $104K | 50x | as long as short |
| Bitget FILUSDT | +0.0100% | 8h | 0.9994 | −0.030% | $11.2M | $20.3M | 75x | as long as short |
| BingX FIL-USDC | +0.0100% | 8h | 0.9994 | −0.030% | — | $6.5M | — | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9986 | −0.113% | $450K | $264K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9975 | −0.216% | $45K | $297K | 10x | as long as short |
| GRVT FIL_USDT_Perp | +0.0100% | 8h | 0.9979 | −0.177% | $291K | $984K | 10x | as long as short |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9980 | −0.170% | $30K | $181K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 1.0007 | +0.101% | $4K | $798 | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9990 | −0.070% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9995 | −0.020% | $486 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 1.0003 | +0.060% | $626K | $5.8M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9990 | −0.070% | $1.2M | $2.5M | 50x | as long as short |
| Extended FIL-USD | +0.0104% | 1h | 0.9992 | −0.047% | $708K | $3.3M | 10x | as long as short |
| BloFin FIL-USDT | +0.0220% | 8h | 0.9986 | −0.110% | $2.7M | $666K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0574% / S −0.0237% | 1h | 0.9997 | −0.005% | $267K | — | 100x | as long as short |
Aster FILUSDT
Binance FILUSDT
Gate FIL_USDT
MEXC FIL_USDC
Bitget FILUSDT
BingX FIL-USDC
Variational Omni FIL
edgeX FILUSDC
GRVT FIL_USDT_Perp
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
Extended FIL-USD
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]