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: Bybit against KuCoin−0.119%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$300as in the Funding arb table
Net, price: spread back to 7d avg − costs−$301as in the Price arb table
costs, in and out, $10k−$2982.982% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 4 days (all we have)+0.308%+$31 · spread now −0.119%, 7d avg −0.091%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.028% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.091%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin WUSDTM | 0.01175 | 0.0100 | pay 0.0050% / 4h | 1h 05m | $383K | $176K | 50x |
| Short | Bybit WUSDT | 0.01174 | 0.0100 | get 0.0050% / 4h | 1h 05m | $4.1M | $1.5M | 50x |
KuCoin WUSDTM
Bybit WUSDTFunding 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: −0.119% → −0.091%
- −$2.8
- Slippage, 4 orders
- −$275.23
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$301.02
- Costs to cover
- 2.982%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 29 min ago; Bybit: live order book, 5 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, 29 min ago | 17.09 bp | 120.2 bp −$120 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.41 bp | 31.7 bp −$32 | 126.6 bp −$1,266 | doesn't fit | doesn't fit |
W on 17 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0090% | 1h | 0.01176 | +0.077% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.894% | $1K | $1K | 12x | as long as short |
| OKX W-USDT-SWAP | +0.0037% | 4h | 0.01175 | −0.043% | $1.3M | $1.3M | 20x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01177 | +0.170% | $2.0M | $257K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01175 | +0.028% | $3.0M | $4.5M | 50x | as long as short |
| Bybit WUSDTshort | +0.0100% | 4h | 0.01174 | −0.119% | $4.1M | $1.5M | 50x | |
| Gate W_USDT | +0.0100% | 4h | 0.01177 | +0.145% | $435K | $172K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01175 | +0.026% | $12.3M | $1.2M | 50x | as long as short |
| KuCoin WUSDTMlong | +0.0100% | 4h | 0.01175 | long leg | $383K | $176K | 50x | |
| Bitget WUSDT | +0.0100% | 4h | 0.01176 | +0.085% | $1.3M | $556K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
OKX W-USDT-SWAP
Hyperliquid W
Binance WUSDT
Gate W_USDT
MEXC W_USDT
Bitget WUSDTShow all 17 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01175 | −0.034% | — | $6.6M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01171 | −0.365% | $69K | $20K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01174 | −0.085% | $126K | $365K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01175 | +0.013% | $59K | $395K | 5x | as long as short |
| Backpack W_USDC_PERP | +0.0174% | 1h | 0.01177 | +0.170% | $45K | $48K | 15x | as long as short |
| Coinbase International W-PERP-INTX | +0.0640% | 1h | 0.01179 | +0.383% | $13K | $11K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.0883% | 1h | 0.01179 | +0.375% | $147K | $48K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Backpack W_USDC_PERP
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD