Funding you earn now, next payment 08:00 UTC−0.1516%/8h= −166.0% APRpaid last 24h −0.037%
Price spread now: KuCoin against Bybit+0.025%7-day average −0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$380as in the Funding arb table
Net, price: spread back to 7d avg − costs−$360as in the Price arb table
costs, in and out, $10k−$3713.713% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 7 days−0.080%−$8 · spread now +0.025%, 7d avg −0.087%
=The price spread pays, funding is against you. KuCoin is 0.112% dearer against Bybit than usual: you sell high and buy low (spread +0.025% now, against its 7-day average of −0.087%): +$11 on $10k if it goes back. Holding the pair costs −$45 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.090% in total) that is about 8.7 days.
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. 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 STGUSDT | 0.1214 | 0.1616 | pay 0.1616% / 8h | 3h 15m | $1.1M | $2.4M | 25x |
| Short | KuCoin STGUSDTM | 0.1214 | 0.0100 | get 0.0050% / 4h | 3h 15m | $749K | $212K | 30x |
Bybit STGUSDT
KuCoin STGUSDTMFunding 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
- −$318.43
- Price spread: +0.025% → −0.087%
- $11.17
- Slippage, 4 orders
- −$348.29
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$678.55
- Costs to cover
- 3.713%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; KuCoin: 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 Bybit live order book, 1 min ago | 7.82 bp | 73.0 bp −$73 | 421.0 bp −$4,210 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 16.51 bp | 110.9 bp −$111 | 675.8 bp −$6,758 | doesn't fit | doesn't fit |
STG 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin STGUSDTMshort | +0.0100% | 4h | 0.1214 | +0.025% | $749K | $212K | 30x | |
| Binance STGUSDT | +0.0686% | 4h | 0.1214 | +0.025% | $2.6M | $5.4M | 20x | as long as short |
| Gate STG_USDT | +0.0732% | 4h | 0.1214 | +0.025% | $108K | $152K | 25x | as long as short |
| Bitget STGUSDT | +0.0746% | 4h | 0.1214 | +0.025% | $436K | $1.6M | 50x | as long as short |
| Variational Omni STG | +0.1243% | 8h | 0.1214 | +0.028% | $33K | $73K | — | as long as short |
| Aster STGUSDT | +0.1346% | 4h | 0.1211 | −0.261% | $14K | $46K | 5x | as long as short |
| BingX STG-USDT | +0.1448% | 4h | 0.1213 | −0.058% | — | $1.2M | — | as long as short |
| MEXC STG_USDT | +0.1613% | 8h | 0.1214 | +0.025% | $267K | $86K | 20x | as long as short |
| Bybit STGUSDTlong | +0.1616% | 8h | 0.1214 | long leg | $1.1M | $2.4M | 25x | |
| Kraken Futures PF_STGUSD | +0.5090% | 1h | 0.1214 | +0.053% | $9K | $10K | 10x | as long as short |
Binance STGUSDT
Gate STG_USDT
Bitget STGUSDT
Variational Omni STG
Aster STGUSDT
BingX STG-USDT
MEXC STG_USDT
Kraken Futures PF_STGUSD