Funding you earn now, next payment 08:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.13 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit−0.159%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$265as in the Funding arb table
Net, price: spread back to 7d avg − costs−$275as in the Price arb table
costs, in and out, $10k−$2652.652% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.159%, 7d avg −0.058%
=Funding pays, the price is against you. KuCoin is 0.102% cheaper against Bybit than usual: you would sell low and buy high (spread −0.159% now, against its 7-day average of −0.058%). If the spread goes back, that is −$10 on $10k: about 13 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NILUSDT | 0.07525 | 0.0100 | pay 0.0050% / 4h | 35m 35s | $4.2M | $10.7M | 20x |
| Short | KuCoin NILUSDTM | 0.07513 | 0.0126 | get 0.0063% / 4h | 35m 35s | $580K | $567K | 30x |
Bybit NILUSDT
KuCoin NILUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $5.46
- Price spread: −0.159% → −0.058%
- −$10.16
- Slippage, 4 orders
- −$242.16
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$269.86
- Costs to cover
- 2.652%
- Break-even
- 353.0 days
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 19 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, 3 min ago | 5.27 bp | 51.9 bp −$52 | 427.5 bp −$4,275 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 19 min ago | 16.37 bp | 81.5 bp −$82 | 598.5 bp −$5,985 | doesn't fit | doesn't fit |
NIL 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | +0.0044% | 4h | 0.07578 | +0.704% | $381K | $97K | 50x | as long as short |
| BingX NIL-USDT | +0.0070% | 4h | 0.07522 | −0.040% | — | $8.1M | — | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.07504 | −0.281% | $31K | $294K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07505 | −0.267% | $5.8M | $53.4M | 50x | as long as short |
| Bybit NILUSDTlong | +0.0100% | 4h | 0.07525 | long leg | $4.2M | $10.7M | 20x | |
| Gate NIL_USDT | +0.0100% | 4h | 0.07509 | −0.213% | $470K | $1.5M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07509 | −0.213% | $2.4M | $3.3M | 100x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07529 | +0.053% | $2.1M | $6.5M | 50x | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.07514 | −0.152% | $181K | $252K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07507 | −0.238% | $23K | $189K | 5x | as long as short |
BloFin NIL-USDT
BingX NIL-USDT
Aster NILUSDT
Binance NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
Bitget NILUSDT
Variational Omni NIL
Extended NIL-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NILUSDTMshort | +0.0126% | 4h | 0.07513 | −0.159% | $580K | $567K | 30x | |
| Hyperliquid NIL | +0.1661% | 1h | 0.07529 | +0.056% | $4.9M | $4.5M | 3x | as long as short |
Hyperliquid NIL