Funding you earn now, next payment 04:00 UTC−0.1444%/8h= −158.1% APRnext payment −$7.22 per $10,000 · paid last 24h −0.498%
Price spread now: KuCoin against Bybit+0.231%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$540as in the Funding arb table
Net, price: spread back to 7d avg − costs−$463as in the Price arb table
costs, in and out, $10k−$4844.838% of the position
Funding, last 7 days−0.561%−$56 on $10k
+Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.231%, 7d avg +0.021%
=The price spread pays, funding is against you. KuCoin is 0.210% dearer against Bybit than usual: you sell high and buy low (spread +0.231% now, against its 7-day average of +0.021%): +$21 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.561% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.561% in total (about -29.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.22 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 | Bybit ONTUSDT | 0.05628 | 0.1544 | pay 0.0772% / 4h | 2h 16m | $797K | $332K | 25x |
| Short | KuCoin ONTUSDTM | 0.05641 | 0.0100 | get 0.0050% / 4h | 2h 16m | $520K | $46K | 30x |
Bybit ONTUSDT
KuCoin ONTUSDTMFunding 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
- −$303.25
- Price spread: +0.231% → +0.021%
- $20.95
- Slippage, 4 orders
- −$460.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$766.13
- Costs to cover
- 4.838%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 49 min ago; KuCoin: live order book, 22 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, 49 min ago | 2.65 bp | 40.6 bp −$41 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 22 min ago | 7.99 bp | 230.4 bp −$230 | doesn't fit | doesn't fit | doesn't fit |
ONT on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster ONTUSDT | +0.0100% | 4h | 0.05640 | +0.208% | $27K | $537 | 5x | as long as short |
| Binance ONTUSDT | +0.0100% | 4h | 0.05636 | +0.142% | $2.4M | $2.7M | 50x | as long as short |
| OKX ONT-USDT-SWAP | +0.0100% | 4h | 0.05635 | +0.124% | $796K | $911K | 20x | as long as short |
| Gate ONT_USDT | +0.0100% | 4h | 0.05643 | +0.267% | $178K | $59K | 50x | as long as short |
| MEXC ONT_USDT | +0.0100% | 4h | 0.05636 | +0.142% | $1.5M | $158K | 50x | as long as short |
| KuCoin ONTUSDTMshort | +0.0100% | 4h | 0.05641 | +0.231% | $520K | $46K | 30x | |
| Bitget ONTUSDT | +0.0100% | 4h | 0.05635 | +0.124% | $797K | $325K | 50x | as long as short |
| Kraken Futures PF_ONTUSD | +0.0564% | 1h | 0.05636 | +0.149% | $9K | $262 | 10x | as long as short |
| Variational Omni ONT | +0.1215% | 4h | 0.05627 | −0.018% | $4K | $3K | — | as long as short |
| BingX ONT-USDT | +0.1446% | 4h | 0.05635 | +0.124% | — | $2.3M | — | as long as short |
Aster ONTUSDT
Binance ONTUSDT
OKX ONT-USDT-SWAP
Gate ONT_USDT
MEXC ONT_USDT
Bitget ONTUSDT
Kraken Futures PF_ONTUSD
Variational Omni ONT
BingX ONT-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ONTUSDTlong | +0.1544% | 4h | 0.05628 | long leg | $797K | $332K | 25x |