Funding you earn now, next payment 00:00 UTC−0.3578%/8h= −391.8% APRnext payment −$17.89 per $10,000 · paid last 24h −0.656%
Price spread now: KuCoin against Bybit+0.468%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$935as in the Funding arb table
Net, price: spread back to 7d avg − costs−$803as in the Price arb table
costs, in and out, $10k−$8408.397% of the position
Funding, last 7 days−0.950%−$95 on $10k
+Price spread, last 4 days (all we have)−0.519%−$52 · spread now +0.468%, 7d avg +0.098%
=The price spread pays, funding is against you. KuCoin is 0.371% dearer against Bybit than usual: you sell high and buy low (spread +0.468% now, against its 7-day average of +0.098%): +$37 on $10k if it goes back. Holding the pair costs −$107 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.950% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.950% in total (about -49.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$17.89 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 SLXUSDT | 0.06619 | 0.3678 | pay 0.1839% / 4h | 40m 45s | $959K | $349K | 20x |
| Short | KuCoin SLXUSDTM | 0.06650 | 0.0100 | get 0.0050% / 4h | 40m 45s | $971K | $1.7M | 20x |
Bybit SLXUSDT
KuCoin SLXUSDTMFunding 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
- −$751.38
- Price spread: +0.468% → +0.098%
- $37.08
- Slippage, 4 orders
- −$816.71
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,554.02
- Costs to cover
- 8.397%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 35 min ago; KuCoin: live order book, just now.
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, 35 min ago | 3.78 bp | 52.3 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, just now | 3.01 bp | 476.9 bp −$477 | 997.8 bp −$9,978 | doesn't fit | doesn't fit |
SLX 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate SLX_USDT | +0.0100% | 4h | 0.06650 | +0.468% | $317K | $641K | 25x | as long as short |
| KuCoin SLXUSDTMshort | +0.0100% | 4h | 0.06650 | +0.468% | $971K | $1.7M | 20x | |
| Bitget SLXUSDT | +0.0100% | 4h | 0.06656 | +0.559% | $1.0M | $361K | 20x | as long as short |
| SunX SLX-USDT | +0.0100% | 4h | 0.06661 | +0.635% | $1K | $421K | 20x | as long as short |
| OKX SLX-USDT-SWAP | +0.0275% | 4h | 0.06647 | +0.423% | $1.8M | $1.8M | 20x | as long as short |
| Binance SLXUSDT | +0.0498% | 4h | 0.06644 | +0.378% | $2.5M | $2.9M | 25x | as long as short |
| MEXC SLX_USDT | +0.0506% | 4h | 0.06640 | +0.317% | $1.9M | $215K | 20x | as long as short |
| BloFin SLX-USDT | +0.0517% | 4h | 0.06651 | +0.483% | $166K | $3K | 25x | as long as short |
| Aster SLXUSDT | +0.0563% | 4h | 0.06649 | +0.458% | $15K | $28K | 10x | as long as short |
| BingX SLX-USDT | +0.3510% | 4h | 0.06638 | +0.287% | — | $1.7M | — | as long as short |
Gate SLX_USDT
Bitget SLXUSDT
SunX SLX-USDT
OKX SLX-USDT-SWAP
Binance SLXUSDT
MEXC SLX_USDT
BloFin SLX-USDT
Aster SLXUSDT
BingX SLX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SLXUSDTlong | +0.3678% | 4h | 0.06619 | long leg | $959K | $349K | 20x |