BX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.1001%/8h= +109.6% APRnext payment +$10.01 per $10,000 · paid last 24h +0.138%

Price spread now: KuCoin against Bybit−0.103%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$591as in the Funding arb table

Net, price: spread back to 7d avg − costs−$629as in the Price arb table

costs, in and out, $10k−$6216.214% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.302%+$30 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.103%, 7d avg −0.028%

Together, before fees+0.442%+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.075% cheaper against Bybit than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of −0.028%). If the spread goes back, that is −$7 on $10k: about 6 hours of funding at the current rate (+$30 a day). At the pace of the last 7 days (+0.302% in total) that is about 42 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.302% in total (about 15.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.01 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	Bybit BXUSDT	126.50	0	get 0.0000% / 8h	6h 56m	$486K	$866K	25x
Short	KuCoin BXUSDTM	126.37	0.1001	get 0.1001% / 8h	6h 56m	$111K	$1.1M	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee KuCoinbpOrdersPrice spread, now −0.103%Rate

Funding earned: $210.21
Price spread: −0.103% → −0.028%: −$7.48
Slippage, 4 orders: −$598.43
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$418.7
Costs to cover: 6.214%
Break-even: 20.9 days

Slippage from Bybit: live order book, 8 min ago; KuCoin: live order book, 3 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, 8 min ago	2.77 bp	101.4 bp −$101	234.4 bp −$2,344	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	3.96 bp	213.2 bp −$213	doesn't fit	doesn't fit	doesn't fit

BX on 14 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
tradeXYZ xyz:BX	−0.0612%	1h	126.38	−0.095%	$665K	$210K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.09	−0.321%	$5K	$2K	20x	as long as short
Bybit BXUSDTlong	0.0000%	8h	126.50	long leg	$486K	$866K	25x
QFEX BX-USD	0.0000%	1h	127.02	+0.411%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.39	−0.087%	$424K	$27K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.51	+0.008%	$899K	$38K	20x	as long as short
SunX BX-USDT	0.0000%	8h	126.49	−0.008%	$706	$306K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.69	+0.150%	$7K	$3K	20x	as long as short
OKX BX-USDT-SWAP	+0.0184%	8h	126.52	+0.016%	$164K	$111K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.82	+9.739%	$4K	$32K	12x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTMshort	+0.1001%	8h	126.37	−0.103%	$111K	$1.1M	20x
GRVT BX_USDT_Perp	+0.1256%	8h	126.51	+0.012%	$733	$121K	10x	as long as short
Variational Omni BX	+0.1265%	8h	126.58	+0.062%	$31K	$127	—	as long as short
Binance BXUSDT	+0.1629%	8h	126.43	−0.055%	$792K	$484K	20x	as long as short