Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.029%
Price spread now: Bybit against KuCoin−0.220%7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1531.534% of the position
Funding, last 7 days−0.065%−$6 on $10k
+Price spread, last 4 days (all we have)+0.336%+$34 · spread now −0.220%, 7d avg +0.037%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.257% cheaper against KuCoin than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.037%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin KORUUSDTM | 22.730 | 0.0100 | pay 0.0100% / 8h | 14m 04s | $482K | $1.1M | 20x |
| Short | Bybit KORUUSDT | 22.680 | 0 | get 0.0000% / 8h | 14m 04s | $6.1M | $22.3M | 50x |
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 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: −0.220% → +0.037%
- −$25.66
- Slippage, 4 orders
- −$130.35
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$200.02
- Costs to cover
- 1.534%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; Bybit: 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 KuCoin live order book, 1 min ago | 6.60 bp | 66.0 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.19 bp | 8.1 bp −$8 | 19.3 bp −$193 | 140.4 bp −$14.0K | doesn't fit |
KORU on 18 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:KORU | −0.0168% | 1h | 22.648 | −0.361% | $3.2M | $7.4M | 10x | as long as short |
| Aster KORUUSDT | 0.0000% | 8h | 22.715 | −0.066% | $83K | $260K | 50x | as long as short |
| Extended KORU-USD | 0.0000% | 1h | 22.685 | −0.197% | $19K | $179K | 5x | as long as short |
| Binance KORUUSDT | 0.0000% | 8h | 22.692 | −0.166% | $56.7M | $337.7M | 25x | as long as short |
| Bybit KORUUSDTshort | 0.0000% | 8h | 22.680 | −0.220% | $6.1M | $22.3M | 50x | |
| OKX KORU-USDT-SWAP | 0.0000% | 8h | 22.690 | −0.176% | $6.0M | $30.7M | 10x | as long as short |
| RISEx KORU/USDC | 0.0000% | 1h | 22.763 | +0.145% | $29K | $312K | 5x | as long as short |
| Gate KORU_USDT | 0.0000% | 8h | 22.701 | −0.128% | $2.6M | $3.2M | 25x | as long as short |
| MEXC KORU_USDT | 0.0000% | 8h | 22.700 | −0.132% | $14.2M | $20.3M | 50x | as long as short |
| Bitget KORUUSDT | 0.0000% | 8h | 22.681 | −0.216% | $52.5M | $72.1M | 20x | as long as short |
Show all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX KORU-USDT | 0.0000% | 8h | 22.710 | −0.088% | — | $4.9M | 10x | as long as short |
| HTX KORU-USDT | 0.0000% | 8h | 22.800 | +0.308% | $8K | $17K | 10x | as long as short |
| Phemex KORUUSDT | 0.0000% | 8h | 22.690 | −0.176% | $1.6M | $2.4M | 10x | as long as short |
| Lighter KORU | +0.0032% | 1h | 22.709 | −0.092% | — | — | 10x | as long as short |
| Ondo Perps KORU-USD.P | +0.0050% | 1h | 22.770 | +0.176% | $19K | $12K | 5x | as long as short |
| KuCoin KORUUSDTMlong | +0.0100% | 8h | 22.730 | long leg | $482K | $1.1M | 20x | |
| GRVT KORU_USDT_Perp | +0.0100% | 8h | 22.801 | +0.313% | $2K | $101K | 10x | as long as short |
| edgeX KORUUSDC | +0.0289% | 4h | 22.820 | +0.394% | $457K | $307K | 10x | as long as short |
KuCoin KORUUSDTM
Bybit KORUUSDT
tradeXYZ xyz:KORU
Aster KORUUSDT
Extended KORU-USD
Binance KORUUSDT
OKX KORU-USDT-SWAP
RISEx KORU/USDC
Gate KORU_USDT
MEXC KORU_USDT
Bitget KORUUSDT
SunX KORU-USDT
HTX KORU-USDT
Phemex KORUUSDT
Lighter KORU
GRVT KORU_USDT_Perp
edgeX KORUUSDC