NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0302%/8h= +33.1% APRnext payment +$1.51 per $10,000 · paid last 24h −0.012%

Price spread now: Bybit against KuCoin+0.099%7-day average −0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$290as in the Funding arb table

Net, price: spread back to 7d avg − costs−$279as in the Price arb table

costs, in and out, $10k−$2952.952% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now +0.099%, 7d avg −0.068%

Together, before fees−0.046%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bybit is 0.167% dearer against KuCoin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.068%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.053% in total (about 2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOTUSDTM	0.0005074	−0.0202	get 0.0101% / 4h	1h 30m	$467K	$130K	50x
Short	Bybit NOTUSDT	0.0005079	0.0100	get 0.0050% / 4h	1h 30m	$2.1M	$862K	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BybitbpOrdersPrice spread, now +0.099%Rate

Funding earned: $63.42
Price spread: +0.099% → −0.068%: $16.68
Slippage, 4 orders: −$272.22
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$215.12
Costs to cover: 2.952%
Break-even: 30.7 days

Slippage from KuCoin: live order book, 67 min ago; Bybit: live order book, 1 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, 67 min ago	20.74 bp	99.0 bp −$99	593.1 bp −$5,931	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.95 bp	34.9 bp −$35	149.6 bp −$1,496	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0322%	4h	0.0005075	+0.019%	$72K	$39K	—	as long as short
KuCoin NOTUSDTMlong	−0.0202%	4h	0.0005074	long leg	$467K	$130K	50x
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.942%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0060%	4h	0.0005079	+0.099%	$111K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005093	+0.372%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005090	+0.315%	$371K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005089	+0.290%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005086	+0.236%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDTshort	+0.0100%	4h	0.0005079	+0.099%	$2.1M	$862K	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005083	+0.177%	$635K	$655K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005077	+0.059%	$143K	$68K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005087	+0.256%	$1.3M	$440K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005085	+0.217%	$674K	$411K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005080	+0.118%	—	$721K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005085	+0.208%	$4K	$491	5x	as long as short
Kraken Futures PF_NOTUSD	+0.1944%	1h	0.0005090	+0.309%	$50K	$9K	10x	as long as short