Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Bybit against KuCoin+0.110%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$221as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$2001.998% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.110%, 7d avg +0.071%
=The price spread pays, funding is against you. Bybit is 0.039% dearer against KuCoin than usual: you sell high and buy low (spread +0.110% now, against its 7-day average of +0.071%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 31 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BABAUSDTM | 118.53 | 0.0100 | pay 0.0100% / 8h | 4h 36m | $617K | $492K | 20x |
| Short | Bybit BABAUSDT | 118.66 | 0 | get 0.0000% / 8h | 4h 36m | $2.2M | $646K | 25x |
KuCoin BABAUSDTM
Bybit BABAUSDTFunding 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
- −$21
- Price spread: +0.110% → +0.071%
- $3.89
- Slippage, 4 orders
- −$176.78
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$216.89
- Costs to cover
- 1.998%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 48 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, 48 min ago | 31.54 bp | 84.7 bp −$85 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.37 bp | 21.5 bp −$21 | 102.9 bp −$1,029 | doesn't fit | doesn't fit |
BABA on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BABAUSDT | 0.0000% | 8h | 118.73 | +0.171% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDTshort | 0.0000% | 8h | 118.66 | +0.110% | $2.2M | $646K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 118.56 | +0.025% | $1.5M | $1.9M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.64 | +0.095% | $3K | $216K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.58 | +0.042% | $926 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.80 | +0.228% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.65 | +0.101% | $378K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.52 | −0.008% | $428K | $496K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.269% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.57 | +0.034% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.62 | +0.076% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.43 | −0.084% | $12.0M | $4.1M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.52 | −0.008% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.41 | −0.101% | $241K | $404K | 10x | as long as short |
| QFEX BABA-USD | +0.0068% | 1h | 118.61 | +0.067% | $1.2M | $4.3M | 10x | as long as short |
| Variational Omni BABA | +0.0070% | 8h | 118.56 | +0.029% | $267K | $658K | — | as long as short |
| KuCoin BABAUSDTMlong | +0.0100% | 8h | 118.53 | long leg | $617K | $492K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.57 | +0.034% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0144% | 8h | 118.55 | +0.017% | $15.6M | $30.1M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 118.54 | +0.009% | $43K | $360K | 10x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 118.63 | +0.084% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0831% | 8h | 118.55 | +0.017% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Variational Omni BABA
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT