Funding you earn now, next payment 04:00 UTC−0.0205%/8h= −22.5% APRpaid last 24h −0.160%
Price spread now: Bybit against KuCoin−0.063%7-day average +0.163% · you buy dearer than you sell
Net, funding: paid 7d − costs−$357as in the Funding arb table
Net, price: spread back to 7d avg − costs−$339as in the Price arb table
costs, in and out, $10k−$3173.165% of the position
Funding, last 7 days−0.408%−$41 on $10k
+Price spread, last 4 days (all we have)−1.323%−$132 · spread now −0.063%, 7d avg +0.163%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.226% cheaper against KuCoin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.163%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MINAUSDTM | 0.1271 | −0.0144 | get 0.0144% / 8h | 5h 30m | $735K | $508K | 30x |
| Short | Bybit MINAUSDT | 0.1270 | −0.0349 | pay 0.0175% / 4h | 1h 30m | $4.4M | $6.0M | 25x |
KuCoin MINAUSDTM
Bybit MINAUSDTFunding 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
- −$43.15
- Price spread: −0.063% → +0.163%
- −$22.58
- Slippage, 4 orders
- −$293.54
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$382.27
- Costs to cover
- 3.165%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 69 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, 69 min ago | 22.75 bp | 78.5 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.57 bp | 59.1 bp −$59 | 156.0 bp −$1,560 | doesn't fit | doesn't fit |
MINA 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MINAUSD | −0.5193% | 1h | 0.1266 | −0.394% | $23K | $78K | 10x | as long as short |
| Bybit MINAUSDTshort | −0.0349% | 4h | 0.1270 | −0.063% | $4.4M | $6.0M | 25x | |
| OKX MINA-USDT-SWAP | −0.0287% | 4h | 0.1269 | −0.142% | $1.8M | $16.4M | 20x | as long as short |
| Gate MINA_USDT | −0.0191% | 8h | 0.1270 | −0.063% | $404K | $901K | 50x | as long as short |
| BloFin MINA-USDT | −0.0178% | 8h | 0.1273 | +0.149% | $246K | $263K | 50x | as long as short |
| MEXC MINA_USDT | −0.0157% | 8h | 0.1270 | −0.071% | $1.2M | $1.4M | 50x | as long as short |
| Bitget MINAUSDT | −0.0154% | 8h | 0.1270 | −0.094% | $1.8M | $3.7M | 50x | as long as short |
| Binance MINAUSDT | −0.0153% | 8h | 0.1269 | −0.139% | $4.2M | $32.3M | 50x | as long as short |
| KuCoin MINAUSDTMlong | −0.0144% | 8h | 0.1271 | long leg | $735K | $508K | 30x | |
| BingX MINA-USDT | −0.0129% | 8h | 0.1270 | −0.094% | — | $2.7M | — | as long as short |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
Gate MINA_USDT
BloFin MINA-USDT
MEXC MINA_USDT
Bitget MINAUSDT
Binance MINAUSDT
BingX MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1269 | −0.157% | $3.3M | $2.5M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1273 | +0.113% | $410K | $86K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA