Funding you earn now, next payment 12:00 UTC−0.0073%/8h= −7.9% APRnext payment −$0.36 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against KuCoin+0.085%7-day average −0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$601as in the Funding arb table
Net, price: spread back to 7d avg − costs−$574as in the Price arb table
costs, in and out, $10k−$5875.874% of the position
Funding, last 7 days−0.140%−$14 on $10k
+Price spread, last 4 days (all we have)−0.190%−$19 · spread now +0.085%, 7d avg −0.052%
=The price spread pays, funding is against you. Bybit is 0.137% dearer against KuCoin than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of −0.052%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MEGAUSDTM | 0.04703 | 0.0100 | pay 0.0050% / 4h | 2h 59m | $254K | $125K | 50x |
| Short | Bybit MEGAUSDT | 0.04707 | 0.0027 | get 0.0014% / 4h | 2h 59m | $3.6M | $5.8M | 20x |
KuCoin MEGAUSDTM
Bybit MEGAUSDTFunding 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
- −$15.25
- Price spread: +0.085% → −0.052%
- $13.68
- Slippage, 4 orders
- −$564.39
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$588.96
- Costs to cover
- 5.874%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 22 min ago; Bybit: live order book, 3 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, 22 min ago | 19.53 bp | 225.4 bp −$225 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 9.57 bp | 52.9 bp −$53 | 168.0 bp −$1,680 | doesn't fit | doesn't fit |
MEGA on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix MEGA | 0.0000% | 1h | 0.04675 | −0.595% | $21K | $7K | 5x | as long as short |
| gTrade (Gains Network) MEGA/USD | L +0.0001% / S +0.0023% | 1h | 0.04699 | −0.092% | $1K | — | 150x | as long as short |
| Bybit MEGAUSDTshort | +0.0027% | 4h | 0.04707 | +0.085% | $3.6M | $5.8M | 20x | |
| BloFin MEGA-USDT | +0.0051% | 4h | 0.04705 | +0.043% | $204K | $88K | 50x | as long as short |
| Nado MEGA-PERP | +0.0061% | 1h | 0.04701 | −0.043% | $203K | $138K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04707 | +0.095% | $21K | $96K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04701 | −0.034% | $14K | $10K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04708 | +0.113% | $4.2M | $13.5M | 50x | as long as short |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04703 | 0.000% | $947K | $3.2M | 20x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04707 | +0.085% | $212K | $334K | 20x | as long as short |
Phoenix MEGA
gTrade (Gains Network) MEGA/USD
BloFin MEGA-USDT
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAP
Gate MEGA_USDTShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04708 | +0.106% | $780K | $409K | 50x | as long as short |
| KuCoin MEGAUSDTMlong | +0.0100% | 4h | 0.04703 | long leg | $254K | $125K | 50x | |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04708 | +0.106% | $1.1M | $1.4M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04707 | +0.085% | — | $1.7M | — | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04694 | −0.189% | $340K | $230K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04693 | −0.220% | $27K | $2.1M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04689 | −0.298% | $24K | $226K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04699 | −0.085% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04699 | −0.085% | $1K | $1.8M | 10x | as long as short |
| Bulk MEGA-USD | +0.0100% | 1h | 0.04650 | −1.127% | $137K | −$0 | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04707 | +0.089% | $131K | $800K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04695 | −0.178% | $3 | — | 3x | as long as short |
| Backpack MEGA_USDC_PERP | +0.0237% | 1h | 0.04711 | +0.170% | $19K | $53K | 5x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0238% / S −0.5353% | 1h | 0.04697 | −0.132% | $3K | — | 45x | as long as short |
| Hyperliquid MEGA | +0.0373% | 1h | 0.04716 | +0.272% | $8.2M | $2.5M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.0793% | 1h | 0.04705 | +0.036% | $114 | $15 | 25x | as long as short |
| Lighter MEGA | +0.0864% | 1h | 0.04727 | +0.510% | $640K | $396K | 3x | as long as short |
| Coinbase International MEGA-PERP-INTX | +0.1296% | 1h | 0.04589 | −2.413% | $5K | $12K | 50x | as long as short |
MEXC MEGA_USDT
Bitget MEGAUSDT
BingX MEGA-USDT
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Bulk MEGA-USD
Extended MEGA-USD
Reya MEGARUSDPERP
Backpack MEGA_USDC_PERP
GMX MEGA/USD [ETH-USDC]
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL
Lighter MEGA
Coinbase International MEGA-PERP-INTX