BX

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0592%/8h= −64.8% APRnext payment −$5.92 per $10,000 · paid last 24h −0.138%

Price spread now: Bybit against KuCoin+0.143%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$884as in the Funding arb table

Net, price: spread back to 7d avg − costs−$843as in the Price arb table

costs, in and out, $10k−$8548.542% of the position

Long on KuCoin Short on Bybit

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)−0.182%−$18 · spread now +0.143%, 7d avg +0.029%

Together, before fees−0.484%−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.114% dearer against KuCoin than usual: you sell high and buy low (spread +0.143% now, against its 7-day average of +0.029%): +$11 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.302% in total) that is about 2.6 days.

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 −$5.92 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 BXUSDTM	126.14	0.0592	pay 0.0592% / 8h	5h 52m	$114K	$1.0M	20x
Short	Bybit BXUSDT	126.32	0	get 0.0000% / 8h	5h 52m	$485K	$834K	25x

Funding 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 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.143%Rate

Funding earned: −$124.32
Price spread: +0.143% → +0.029%: $11.39
Slippage, 4 orders: −$831.2
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$967.13
Costs to cover: 8.542%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 8 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	12.29 bp	324.2 bp −$324	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 8 min ago	3.95 bp	157.8 bp −$158	241.0 bp −$2,410	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	−0.0494%	1h	126.30	+0.127%	$665K	$211K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.27	+0.100%	$5K	$2K	20x	as long as short
Bybit BXUSDTshort	0.0000%	8h	126.32	+0.143%	$485K	$834K	25x
QFEX BX-USD	0.0000%	1h	127.02	+0.698%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.47	+0.262%	$424K	$27K	20x	as long as short
Bitget BXUSDT	0.0000%	8h	126.42	+0.222%	$898K	$36K	20x	as long as short
SunX BX-USDT	0.0000%	8h	126.33	+0.151%	$600	$313K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.40	+0.206%	$7K	$3K	20x	as long as short
GRVT BX_USDT_Perp	+0.0005%	8h	126.36	+0.173%	$903	$116K	10x	as long as short
OKX BX-USDT-SWAP	+0.0041%	8h	126.41	+0.214%	$164K	$114K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.989%	$4K	$32K	12x	as long as short
KuCoin BXUSDTMlong	+0.0592%	8h	126.14	long leg	$114K	$1.0M	20x
Variational Omni BX	+0.0927%	8h	126.29	+0.122%	$43K	$12K	—	as long as short
Binance BXUSDT	+0.1209%	8h	126.31	+0.137%	$782K	$486K	20x	as long as short