Funding you earn now, next payment 08:00 UTC−0.2132%/8h= −233.4% APRnext payment −$10.66 per $10,000 · paid last 24h −0.449%
Price spread now: Bybit against KuCoin+0.992%7-day average +0.230% · you sell dearer than you buy
Net, funding: paid 7d − costs−$607as in the Funding arb table
Net, price: spread back to 7d avg − costs−$260as in the Price arb table
costs, in and out, $10k−$3373.365% of the position
Funding, last 7 days−2.700%−$270 on $10k
+Price spread, last 7 days−1.706%−$171 · spread now +0.992%, 7d avg +0.230%
=The price spread pays, funding is against you. Bybit is 0.762% dearer against KuCoin than usual: you sell high and buy low (spread +0.992% now, against its 7-day average of +0.230%): +$76 on $10k if it goes back. Holding the pair costs −$64 a day in funding at the current rate, which eats that in about 29 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MUSDTM | 1.3558 | 0.2328 | pay 0.1164% / 4h | 1h 00m | $1.4M | $3.7M | 10x |
| Short | Bybit MUSDT | 1.3693 | 0.0196 | get 0.0098% / 4h | 1h 00m | $4.3M | $1.8M | 20x |
KuCoin MUSDTM
Bybit MUSDTFunding 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
- −$447.64
- Price spread: +0.992% → +0.230%
- $76.23
- Slippage, 4 orders
- −$313.52
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$707.93
- Costs to cover
- 3.365%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 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, 7 min ago | 4.68 bp | 133.4 bp −$133 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.10 bp | 43.7 bp −$44 | 239.6 bp −$2,396 | doesn't fit | doesn't fit |
M 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate M_USDT | +0.0100% | 8h | 1.3663 | +0.771% | $1.9M | $927K | 10x | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.3686 | +0.940% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.3703 | +1.066% | $2K | $849K | 20x | as long as short |
| Bybit MUSDTshort | +0.0196% | 4h | 1.3693 | +0.992% | $4.3M | $1.8M | 20x | |
| Aster MUSDT | +0.0552% | 4h | 1.3656 | +0.722% | $13K | $82K | 5x | as long as short |
| MEXC M_USDT | +0.0866% | 4h | 1.3684 | +0.926% | $231K | $110K | 50x | as long as short |
| Binance MUSDT | +0.0867% | 4h | 1.3684 | +0.927% | $5.4M | $3.9M | 10x | as long as short |
| BloFin M-USDT | +0.0909% | 4h | 1.3694 | +0.999% | $348K | $455K | 10x | as long as short |
| Variational Omni M | +0.1008% | 4h | 1.3693 | +0.993% | $91K | $49K | — | as long as short |
| BingX M-USDT | +0.1130% | 4h | 1.3685 | +0.933% | — | $2.4M | — | as long as short |
Gate M_USDT
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
MEXC M_USDT
Binance MUSDT
BloFin M-USDT
Variational Omni M
BingX M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MUSDT | +0.1200% | 4h | 1.3681 | +0.903% | $1.8M | $247K | 10x | as long as short |
| KuCoin MUSDTMlong | +0.2328% | 4h | 1.3558 | long leg | $1.4M | $3.7M | 10x |
Bitget MUSDT