Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.029%
Price spread now: KuCoin against Bybit−0.123%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1791.790% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 7 days+0.053%+$5 · spread now −0.123%, 7d avg −0.026%
=Funding pays, the price is against you. KuCoin is 0.096% cheaper against Bybit than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of −0.026%). If the spread goes back, that is −$10 on $10k: about 3.2 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.077% in total) that is about 8.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COINUSDT | 195.82 | 0 | get 0.0000% / 8h | 7h 59m | $4.7M | $6.2M | 50x |
| Short | KuCoin COINUSDTM | 195.58 | 0.0100 | get 0.0100% / 8h | 7h 59m | $985K | $154K | 20x |
Bybit COINUSDT
KuCoin COINUSDTMFunding 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 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: −0.123% → −0.026%
- −$9.64
- Slippage, 4 orders
- −$156.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$167.66
- Costs to cover
- 1.790%
- Break-even
- 62.9 days
Slippage from Bybit: live order book, 4 min ago; KuCoin: 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 Bybit live order book, 4 min ago | 2.30 bp | 12.1 bp −$12 | 32.9 bp −$329 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 13.31 bp | 58.5 bp −$58 | doesn't fit | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.48 | −0.174% | $43K | $40K | 30x | as long as short |
| Bitget COINUSDT | −0.0321% | 8h | 195.82 | 0.000% | $6.4M | $10.5M | 20x | as long as short |
| Vest COIN-USD-PERP | −0.0051% | 1h | 195.29 | −0.271% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.92 | +0.050% | $342K | $890K | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 195.82 | long leg | $4.7M | $6.2M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.92 | +0.051% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 195.72 | −0.051% | $1.2M | $6.7M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.45 | −0.190% | $659K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | +0.0008% | 8h | 195.46 | −0.184% | $20K | $2.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.83 | +0.005% | $466K | $1.3M | 10x | as long as short |
Injective COIN/USDC PERP
Bitget COINUSDT
Vest COIN-USD-PERP
Aster COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_Perp
Lighter RH COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended COIN_24_5-USD | +0.0032% | 1h | 195.80 | −0.009% | $104K | $860K | 10x | as long as short |
| Binance COINUSDT | +0.0035% | 8h | 195.84 | +0.013% | $15.0M | $82.1M | 20x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.79 | −0.015% | $17K | $58K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 195.73 | −0.046% | $15.1M | $12.9M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.71 | −0.056% | $135K | $1.4M | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.32 | −0.255% | $442K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 195.65 | −0.087% | $1.3M | $2.9M | 10x | as long as short |
| Lighter COIN | +0.0072% | 1h | 195.88 | +0.033% | $364K | $2.0M | 10x | as long as short |
| KuCoin COINUSDTMshort | +0.0100% | 8h | 195.58 | −0.123% | $985K | $154K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.40 | −0.214% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.88 | +0.031% | $566 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.92 | +0.050% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0141% | 8h | 195.85 | +0.015% | $187K | $435K | 20x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.42 | −0.204% | $4K | $283K | 10x | as long as short |
| SoDEX COIN-USD | +0.0241% | 1h | 195.71 | −0.056% | $78 | $3K | 10x | as long as short |
| edgeX COINUSDC | +0.0875% | 4h | 195.55 | −0.140% | $50K | $295K | 10x | as long as short |
Extended COIN_24_5-USD
Binance COINUSDT
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
Lighter COIN
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
SoDEX COIN-USD
edgeX COINUSDC