Funding you earn now, next payment 08:00 UTC+0.1544%/8h= +169.1% APRnext payment +$7.72 per $10,000 · paid last 24h +0.098%
Price spread now: Bybit against KuCoin+0.141%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$371as in the Funding arb table
Net, price: spread back to 7d avg − costs−$367as in the Price arb table
costs, in and out, $10k−$3753.754% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)−0.156%−$16 · spread now +0.141%, 7d avg +0.059%
=Both sides work for this trade now. Funding pays +$46 a day on $10k at the current rate, and Bybit is 0.082% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.059%.
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 +$7.72 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 1000RATSUSDTM | 0.00004256 | 0.1028 | pay 0.0514% / 4h | 1h 18m | $657K | $104K | 30x |
| Short | Bybit 1000RATSUSDT | 0.00004262 | 0.2572 | get 0.1286% / 4h | 1h 18m | $4.3M | $1.1M | 20x |
KuCoin 1000RATSUSDTM
Bybit 1000RATSUSDTFunding 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
- $324.31
- Price spread: +0.141% → +0.059%
- $8.24
- Slippage, 4 orders
- −$352.36
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$42.81
- Costs to cover
- 3.754%
- Break-even
- 7.9 days
Slippage from KuCoin: live order book, 35 min ago; Bybit: live order book, 4 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, 35 min ago | 10.61 bp | 60.0 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 5.86 bp | 44.4 bp −$44 | 286.6 bp −$2,866 | 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 | 0.00004249 | −0.164% | $2.5M | $495K | 25x | as long as short |
| Bitget 1000RATSUSDT | +0.0496% | 4h | 0.00004262 | +0.141% | $1.6M | $407K | 25x | as long as short |
| KuCoin 1000RATSUSDTMlong | +0.1028% | 4h | 0.00004256 | long leg | $657K | $104K | 30x | |
| edgeX 1000RATSUSDC | +0.1132% | 4h | 0.00004268 | +0.291% | $34K | $297K | 10x | as long as short |
| MEXC 1000RATS_USDT | +0.1188% | 4h | 0.00004265 | +0.211% | $790K | $160K | 125x | as long as short |
| Binance 1000RATSUSDT | +0.1189% | 4h | 0.00004265 | +0.211% | $11.2M | $2.2M | 40x | as long as short |
| BloFin 1000RATS-USDT | +0.1192% | 4h | 0.00004266 | +0.235% | $1.0M | $10K | 40x | as long as short |
| Aster 1000RATSUSDT | +0.1755% | 4h | 0.00004249 | −0.164% | $26K | $18K | 5x | as long as short |
| BingX RATS-USDT | +0.2394% | 4h | 0.00004262 | +0.141% | — | $1.3M | — | as long as short |
| Bybit 1000RATSUSDTshort | +0.2572% | 4h | 0.00004262 | +0.141% | $4.3M | $1.1M | 20x |
Gate RATS_USDT
Bitget 1000RATSUSDT
edgeX 1000RATSUSDC
MEXC 1000RATS_USDT
Binance 1000RATSUSDT
BloFin 1000RATS-USDT
Aster 1000RATSUSDT
BingX RATS-USDT