Funding you earn now, next payment 08:00 UTC−0.1303%/8h= −142.7% APRnext payment −$6.52 per $10,000 · paid last 24h −0.098%
Price spread now: KuCoin against Bybit−0.189%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1731.731% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)+0.253%+$25 · spread now −0.189%, 7d avg −0.056%
=Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and KuCoin is 0.132% cheaper against Bybit than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.056%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.039% in total (about -2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.52 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 1000RATSUSDT | 0.00004244 | 0.2507 | pay 0.1254% / 4h | 3h 16m | $4.3M | $1.0M | 20x |
| Short | KuCoin 1000RATSUSDTM | 0.00004236 | 0.1204 | get 0.0602% / 4h | 3h 16m | $653K | $103K | 30x |
Bybit 1000RATSUSDT
KuCoin 1000RATSUSDTMFunding 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
- −$273.72
- Price spread: −0.189% → −0.056%
- −$13.21
- Slippage, 4 orders
- −$150.14
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$460.07
- Costs to cover
- 1.731%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 58 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, 1 min ago | 2.36 bp | 30.2 bp −$30 | 229.5 bp −$2,295 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 58 min ago | 9.32 bp | 48.3 bp −$48 | 900.4 bp −$9,004 | doesn't fit | doesn't fit |
RATS on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate RATS_USDT | +0.0100% | 4h | 0.00004228 | −0.377% | $2.4M | $480K | 25x | as long as short |
| Bitget 1000RATSUSDT | +0.0300% | 4h | 0.00004238 | −0.141% | $1.5M | $397K | 25x | as long as short |
| Binance 1000RATSUSDT | +0.0824% | 4h | 0.00004248 | +0.089% | $11.1M | $2.2M | 40x | as long as short |
| MEXC 1000RATS_USDT | +0.0826% | 4h | 0.00004246 | +0.047% | $789K | $168K | 125x | as long as short |
| BloFin 1000RATS-USDT | +0.0828% | 4h | 0.00004248 | +0.094% | $1.0M | $10K | 40x | as long as short |
| edgeX 1000RATSUSDC | +0.0850% | 4h | 0.00004243 | −0.014% | $34K | $295K | 10x | as long as short |
| KuCoin 1000RATSUSDTMshort | +0.1204% | 4h | 0.00004236 | −0.189% | $653K | $103K | 30x | |
| Aster 1000RATSUSDT | +0.1852% | 4h | 0.00004236 | −0.189% | $20K | $15K | 5x | as long as short |
| Bybit 1000RATSUSDTlong | +0.2507% | 4h | 0.00004244 | long leg | $4.3M | $1.0M | 20x | |
| BingX RATS-USDT | +0.2508% | 4h | 0.00004240 | −0.094% | — | $1.3M | — | as long as short |
Gate RATS_USDT
Bitget 1000RATSUSDT
Binance 1000RATSUSDT
MEXC 1000RATS_USDT
BloFin 1000RATS-USDT
edgeX 1000RATSUSDC
Aster 1000RATSUSDT
BingX RATS-USDT