Funding you earn now, next payment 08:00 UTC−0.1721%/8h= −188.4% APRnext payment −$17.21 per $10,000 · paid last 24h +0.145%
Price spread now: Bybit against KuCoin−0.080%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$514as in the Funding arb table
Net, price: spread back to 7d avg − costs−$517as in the Price arb table
costs, in and out, $10k−$5175.170% of the position
Funding, last 7 days+0.030%+$3 on $10k
+Price spread, last 7 days−0.008%−$1 · spread now −0.080%, 7d avg −0.077%
=The price spread sits at its 7-day average of −0.077%, so right now this pair is about funding alone: −$52 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.030% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$17.21 per $10,000. 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 | KuCoin BNCUSDTM | 6.2780 | −0.0054 | get 0.0054% / 8h | 3h 40m | $39K | $3.0M | 20x |
| Short | Bybit BNCUSDT | 6.2730 | −0.1775 | pay 0.1775% / 8h | 3h 40m | $563K | $2.1M | 25x |
KuCoin BNCUSDTM
Bybit BNCUSDTFunding 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
- −$361.34
- Price spread: −0.080% → −0.077%
- −$0.29
- Slippage, 4 orders
- −$494.01
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$878.63
- Costs to cover
- 5.170%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago | 11.13 bp | 116.0 bp −$116 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 3.99 bp | 104.0 bp −$104 | 209.2 bp −$2,092 | doesn't fit | doesn't fit |
BNC on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BNCUSDT | −0.2578% | 8h | 6.2843 | +0.100% | $812K | $4.3M | 5x | as long as short |
| Bybit BNCUSDTshort | −0.1775% | 8h | 6.2730 | −0.080% | $563K | $2.1M | 25x | |
| Binance BNCUSDT | −0.1217% | 8h | 6.2730 | −0.080% | $13.7M | $41.6M | 10x | as long as short |
| Variational Omni BNC | −0.1085% | 8h | 6.2639 | −0.225% | $116K | $141K | — | as long as short |
| HTX BNC-USDT | −0.0673% | 8h | 6.2740 | −0.064% | $14K | $27K | 10x | as long as short |
| Aster BNCUSD1 | −0.0590% | 8h | 6.2707 | −0.116% | $180K | $22K | 10x | as long as short |
| QFEX BNC-USD | −0.0480% | 1h | 6.2700 | −0.127% | $49K | $29K | 10x | as long as short |
| KuCoin BNCUSDTMlong | −0.0054% | 8h | 6.2780 | long leg | $39K | $3.0M | 20x | |
| Bullet BNC-USD | 0.0000% | 1h | 6.2753 | −0.042% | $9K | $69K | 10x | as long as short |
Bitget BNCUSDT
Binance BNCUSDT
Variational Omni BNC
HTX BNC-USDT
Aster BNCUSD1
QFEX BNC-USD
Bullet BNC-USD