Funding you earn now, next payment 12:00 UTC+0.0042%/8h= +4.6% APRnext payment +$0.21 per $10,000 · paid last 24h +0.174%
Price spread now: Binance against Bybit+0.078%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$352as in the Funding arb table
Net, price: spread back to 7d avg − costs−$391as in the Price arb table
costs, in and out, $10k−$3963.959% of the position
Funding, last 7 days+0.441%+$44 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.078%, 7d avg +0.029%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Binance is 0.049% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KGENUSDT | 0.1630 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $753K | $335K | 20x |
| Short | Binance KGENUSDT | 0.1631 | 0.0142 | get 0.0071% / 4h | 3h 30m | $5.0M | $852K | 50x |
Bybit KGENUSDT
Binance KGENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $8.79
- Price spread: +0.078% → +0.029%
- $4.91
- Slippage, 4 orders
- −$374.86
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$382.16
- Costs to cover
- 3.959%
- Break-even
- 311.2 days
Slippage from Bybit: live order book, 64 min ago; Binance: live order book, 7 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, 64 min ago | 9.19 bp | 162.0 bp −$162 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 6.12 bp | 47.5 bp −$48 | 217.6 bp −$2,176 | doesn't fit | doesn't fit |
KGEN on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit KGENUSDTlong | +0.0100% | 4h | 0.1630 | long leg | $753K | $335K | 20x | |
| OKX KGEN-USDT-SWAP | +0.0100% | 4h | 0.1631 | +0.074% | $205K | $136K | 10x | as long as short |
| Gate KGEN_USDT | +0.0100% | 4h | 0.1627 | −0.196% | $1.5M | $88K | 50x | as long as short |
| KuCoin KGENUSDTM | +0.0100% | 4h | 0.1630 | +0.037% | $746K | $2.0M | 50x | as long as short |
| Bitget KGENUSDT | +0.0100% | 4h | 0.1632 | +0.117% | $1.7M | $166K | 50x | as long as short |
| Variational Omni KGEN | +0.0100% | 4h | 0.1629 | −0.066% | $5K | $1K | — | as long as short |
| SunX KGEN-USDT | +0.0100% | 4h | 0.1629 | −0.055% | $2K | $881K | 20x | as long as short |
| BloFin KGEN-USDT | +0.0112% | 4h | 0.1631 | +0.074% | $221K | $19K | 50x | as long as short |
| MEXC KGEN_USDT | +0.0140% | 4h | 0.1630 | +0.012% | $448K | $108K | 50x | as long as short |
| Binance KGENUSDTshort | +0.0142% | 4h | 0.1631 | +0.078% | $5.0M | $852K | 50x |
OKX KGEN-USDT-SWAP
Gate KGEN_USDT
KuCoin KGENUSDTM
Bitget KGENUSDT
Variational Omni KGEN
SunX KGEN-USDT
BloFin KGEN-USDT
MEXC KGEN_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX KGEN-USDT | +0.0170% | 4h | 0.1630 | +0.012% | — | $6.6M | — | as long as short |
| Aster KGENUSDT | +0.0660% | 4h | 0.1632 | +0.120% | $20K | $3K | 5x | as long as short |
BingX KGEN-USDT
Aster KGENUSDT