COST

Alert: funding

Alert: spread

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+0.094%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$780as in the Funding arb table

Net, price: spread back to 7d avg − costs−$760as in the Price arb table

costs, in and out, $10k−$7637.632% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.165%−$16 on $10k

Price spread, last 4 days (all we have)−0.065%−$7 · spread now +0.094%, 7d avg +0.066%

Together, before fees−0.230%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.028% dearer against KuCoin than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.066%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COSTUSDTM	898.20	0.0100	pay 0.0100% / 8h	6h 37m	$47K	$865K	20x
Short	Bybit COSTUSDT	899.04	0	get 0.0000% / 8h	6h 37m	$491K	$218K	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 +0.094%Rate

Funding earned: −$21
Price spread: +0.094% → +0.066%: $2.76
Slippage, 4 orders: −$740.24
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$781.47
Costs to cover: 7.632%
Break-even: never at this rate

Slippage from KuCoin: live order book, 12 min ago; Bybit: live order book, 23 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, 12 min ago	56.05 bp	345.1 bp −$345	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 23 min ago	4.95 bp	21.6 bp −$22	196.7 bp −$1,967	doesn't fit	doesn't fit

COST on 15 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 COSTUSDT	0.0000%	8h	898.85	+0.072%	$45K	$178	20x	as long as short
Bybit COSTUSDTshort	0.0000%	8h	899.04	+0.094%	$491K	$218K	25x
Gate COST_USDT	0.0000%	8h	899.04	+0.094%	$523K	$7K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	898.65	+0.050%	$403K	$111K	25x	as long as short
SunX COST-USDT	0.0000%	8h	898.00	−0.022%	$2K	$3.0M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.32	+0.236%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0009%	1h	898.82	+0.069%	$1.1M	$3.0M	10x	as long as short
OKX COST-USDT-SWAP	+0.0022%	8h	898.51	+0.035%	$444K	$121K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.692%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	+0.006%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERP	+0.0046%	1h	898.92	+0.080%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.46	+0.029%	$1.8M	$524K	20x	as long as short
KuCoin COSTUSDTMlong	+0.0100%	8h	898.20	long leg	$47K	$865K	20x
Variational Omni COST	+0.0223%	8h	898.82	+0.069%	$42K	$17K	—	as long as short
Binance COSTUSDT	+0.0360%	8h	899.17	+0.108%	$1.1M	$934K	20x	as long as short