Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against KuCoin+0.107%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$875as in the Funding arb table
Net, price: spread back to 7d avg − costs−$881as in the Price arb table
costs, in and out, $10k−$8878.869% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.107%, 7d avg +0.049%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.058% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.049%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USUALUSDTM | 0.01405 | 0.0100 | pay 0.0050% / 4h | 3h 46m | $259K | $62K | 20x |
| Short | Bybit USUALUSDT | 0.01406 | 0.0100 | get 0.0050% / 4h | 3h 46m | $1.1M | $802K | 25x |
KuCoin USUALUSDTM
Bybit USUALUSDTFunding 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
- $0
- Price spread: +0.107% → +0.049%
- $5.77
- Slippage, 4 orders
- −$863.88
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$881.11
- Costs to cover
- 8.869%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 25 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, 25 min ago | 21.23 bp | 339.5 bp −$340 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 5.33 bp | 36.2 bp −$36 | 208.9 bp −$2,089 | 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 | −0.5000% | 1h | 0.01387 | −1.281% | $6K | $3K | 5.5x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01406 | +0.071% | $405K | $183K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01404 | −0.091% | $2.3M | $3.3M | 50x | as long as short |
| Bybit USUALUSDTshort | +0.0100% | 4h | 0.01406 | +0.107% | $1.1M | $802K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01405 | 0.000% | $949K | $110K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01404 | −0.071% | $6.2M | $240K | 100x | as long as short |
| KuCoin USUALUSDTMlong | +0.0100% | 4h | 0.01405 | long leg | $259K | $62K | 20x | |
| Bitget USUALUSDT | +0.0100% | 4h | 0.01406 | +0.071% | $835K | $393K | 50x | as long as short |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01405 | −0.021% | — | $1.2M | — | as long as short |
| Variational Omni USUAL | +0.0100% | 4h | 0.01408 | +0.246% | $11K | $1K | — | as long as short |
Injective USUAL/USDC PERP
Hyperliquid USUAL
Binance USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
Bitget USUALUSDT
BingX USUAL-USDT
Variational Omni USUALShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_USUALUSD | +0.0274% | 1h | 0.01405 | −0.011% | $111K | $21K | 10x | as long as short |
Kraken Futures PF_USUALUSD