Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit−0.373%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$941as in the Funding arb table
Net, price: spread back to 7d avg − costs−$962as in the Price arb table
costs, in and out, $10k−$9299.294% of the position
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)+0.324%+$32 · spread now −0.373%, 7d avg −0.048%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.325% cheaper against Bybit than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of −0.048%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USUALUSDT | 0.01393 | 0.0100 | pay 0.0050% / 4h | 3h 21m | $1.0M | $736K | 25x |
| Short | KuCoin USUALUSDTM | 0.01388 | 0.0100 | get 0.0050% / 4h | 3h 21m | $219K | $79K | 20x |
Bybit USUALUSDT
KuCoin USUALUSDTMFunding 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
- $0
- Price spread: −0.373% → −0.048%
- −$32.51
- Slippage, 4 orders
- −$906.45
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$961.96
- Costs to cover
- 9.294%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 70 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, 4 min ago | 5.08 bp | 40.4 bp −$40 | 384.3 bp −$3,843 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 70 min ago | 18.00 bp | 507.5 bp −$508 | doesn't fit | doesn't fit | doesn't fit |
USUAL 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4152% | 1h | 0.01375 | −1.306% | $6K | $3K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0124% | 1h | 0.01388 | −0.341% | $111K | $11K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01392 | −0.086% | $395K | $173K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01392 | −0.075% | $2.2M | $3.0M | 50x | as long as short |
| Bybit USUALUSDTlong | +0.0100% | 4h | 0.01393 | long leg | $1.0M | $736K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01392 | −0.086% | $941K | $94K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01392 | −0.093% | $6.1M | $250K | 100x | as long as short |
| KuCoin USUALUSDTMshort | +0.0100% | 4h | 0.01388 | −0.373% | $219K | $79K | 20x | |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01391 | −0.158% | $772K | $423K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01393 | −0.007% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Binance USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
Bitget USUALUSDT
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01375 | −1.283% | $10K | $1K | — | as long as short |
Variational Omni USUAL