Funding you earn now, next payment 08:00 UTC+0.0420%/8h= +46.0% APRnext payment +$2.10 per $10,000 · paid last 24h +0.067%
Price spread now: Bybit against KuCoin−0.187%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$753as in the Funding arb table
Net, price: spread back to 7d avg − costs−$761as in the Price arb table
costs, in and out, $10k−$7447.443% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 7 days+0.337%+$34 · spread now −0.187%, 7d avg −0.017%
=Funding pays, the price is against you. Bybit is 0.169% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.187% now, against its 7-day average of −0.017%). If the spread goes back, that is −$17 on $10k: about 32 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.10 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 STBLUSDTM | 0.02677 | 0.0100 | pay 0.0050% / 4h | 1h 00m | $1.1M | $244K | 20x |
| Short | Bybit STBLUSDT | 0.02672 | 0.0520 | get 0.0260% / 4h | 1h 00m | $1.5M | $651K | 20x |
KuCoin STBLUSDTM
Bybit STBLUSDTFunding 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
- $88.25
- Price spread: −0.187% → −0.017%
- −$16.93
- Slippage, 4 orders
- −$721.26
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$672.95
- Costs to cover
- 7.443%
- Break-even
- 60.4 days
Slippage from KuCoin: live order book, 4 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, 4 min ago | 31.71 bp | 244.0 bp −$244 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 5.61 bp | 125.8 bp −$126 | doesn't fit | doesn't fit | doesn't fit |
STBL on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter STBL | +0.0096% | 1h | 0.02665 | −0.448% | $80K | $2K | 3x | as long as short |
| Aster STBLUSDT | +0.0100% | 4h | 0.02666 | −0.411% | $89K | $5K | 5x | as long as short |
| Binance STBLUSDT | +0.0100% | 4h | 0.02677 | −0.018% | $2.0M | $2.1M | 50x | as long as short |
| MEXC STBL_USDT | +0.0100% | 4h | 0.02675 | −0.075% | $368K | $146K | 100x | as long as short |
| KuCoin STBLUSDTMlong | +0.0100% | 4h | 0.02677 | long leg | $1.1M | $244K | 20x | |
| Variational Omni STBL | +0.0100% | 4h | 0.02675 | −0.092% | $976 | $274 | — | as long as short |
| SunX STBL-USDT | +0.0100% | 4h | 0.02669 | −0.299% | $2K | $1.1M | 20x | as long as short |
| BloFin STBL-USDT | +0.0147% | 4h | 0.02681 | +0.149% | $126K | $19K | 50x | as long as short |
| Hyperliquid STBL | +0.0278% | 1h | 0.02672 | −0.183% | $2.0M | $248K | 3x | as long as short |
| BingX STBL-USDT | +0.0484% | 4h | 0.02678 | +0.037% | — | $6.6M | — | as long as short |
Lighter STBL
Aster STBLUSDT
Binance STBLUSDT
MEXC STBL_USDT
Variational Omni STBL
SunX STBL-USDT
BloFin STBL-USDT
Hyperliquid STBL
BingX STBL-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STBLUSDTshort | +0.0520% | 4h | 0.02672 | −0.187% | $1.5M | $651K | 20x | |
| Gate STBL_USDT | +0.1034% | 4h | 0.02685 | +0.299% | $1.2M | $97K | 50x | as long as short |
Gate STBL_USDT