Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.50 per $10,000 · paid last 24h +0.015%
Price spread now: KuCoin against Bybit−2.355%7-day average −2.836% · you buy dearer than you sell
Net, funding: paid 7d − costs−$3,566as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3,528as in the Price arb table
costs, in and out, $10k−$3,57635.761% of the position
Funding, last 7 days+0.105%+$11 on $10k
+Price spread, last 4 days (all we have)−0.355%−$35 · spread now −2.355%, 7d avg −2.836%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.481% dearer against Bybit than usual: you sell high and buy low: +$48 more if the spread goes back to its 7-day average of −2.836%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit OPENAIUSDT | 1,658.5 | 0 | get 0.0000% / 8h | 2h 45m | $753K | $205K | 25x |
| Short | KuCoin OPENAIUSDTM | 1,619.4 | 0.0050 | get 0.0050% / 8h | 2h 45m | $373K | $69K | 20x |
Bybit OPENAIUSDT
KuCoin OPENAIUSDTMFunding 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
- $10.5
- Price spread: −2.355% → −2.836%
- $48.08
- Slippage, 4 orders
- −$3,553.07
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$3,517.5
- Costs to cover
- 35.761%
- Break-even
- 2352.0 days
Slippage from Bybit: live order book, 64 min ago; KuCoin: live order book, 12 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, 64 min ago | 8.72 bp | 20.5 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 12 min ago | 8.00 bp | 2878.3 bp −$2,878 | doesn't fit | doesn't fit | doesn't fit |
OPENAI on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX OPENAI-USD | −0.0005% | 1h | 1,614.8 | −2.636% | $1.2M | $599K | 10x | as long as short |
| Lighter OPENAI | 0.0000% | 1h | 1,706.2 | +2.873% | $1.4M | $260K | 5x | as long as short |
| Bybit OPENAIUSDTlong | 0.0000% | 8h | 1,658.5 | long leg | $753K | $205K | 25x | |
| OKX OPENAI-USDT-SWAP | 0.0000% | 8h | 1,645.6 | −0.778% | $5.1M | $1.3M | 20x | as long as short |
| Gate OPENAI_USDT | 0.0000% | 8h | 1,611.2 | −2.851% | $52.2M | $19.6M | 50x | as long as short |
| Bitget OPENAIUSDT | 0.0000% | 8h | 1,616.6 | −2.527% | $5.4M | $5.0M | 20x | as long as short |
| SunX OPENAI-USDT | 0.0000% | 8h | 1,616.4 | −2.538% | — | $2.4M | 10x | as long as short |
| Deribit OPENAI_USDC-PERPETUAL | 0.0000% | 1h | 1,614.9 | −2.632% | — | $3 | 5x | as long as short |
| HTX OPENAI-USDT | 0.0000% | 8h | 1,614.9 | −2.627% | $79K | $221K | 20x | as long as short |
| Phemex OPENAIUSDT | 0.0000% | 8h | 1,613.9 | −2.690% | $1.6M | $529K | 10x | as long as short |
QFEX OPENAI-USD
Lighter OPENAI
OKX OPENAI-USDT-SWAP
Gate OPENAI_USDT
Bitget OPENAIUSDT
SunX OPENAI-USDT
Deribit OPENAI_USDC-PERPETUAL
HTX OPENAI-USDT
Phemex OPENAIUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International OPENAI-PERP-INTX | +0.0016% | 1h | 1,617.9 | −2.450% | $225K | $161K | 5x | as long as short |
| BloFin OPENAI-USDT | +0.0028% | 8h | 1,613.9 | −2.688% | $473K | $286K | 20x | as long as short |
| Lighter RH OPENAI | +0.0032% | 1h | 1,673.4 | +0.900% | $2.6M | $6.1M | 5x | as long as short |
| Extended OPENAI-USD | +0.0048% | 1h | 1,614.4 | −2.661% | $142K | $895K | 10x | as long as short |
| Aster OPENAIUSDT | +0.0050% | 8h | 1,619.6 | −2.346% | $211K | $3K | 20x | as long as short |
| Binance OPENAIUSDT | +0.0050% | 8h | 1,614.8 | −2.636% | $22.8M | $17.4M | 20x | as long as short |
| MEXC OPENAI_USDT | +0.0050% | 8h | 1,614.5 | −2.652% | $13.0M | $3.1M | 50x | as long as short |
| KuCoin OPENAIUSDTMshort | +0.0050% | 8h | 1,619.4 | −2.355% | $373K | $69K | 20x | |
| Variational Omni OPENAI | +0.0050% | 8h | 1,613.8 | −2.693% | $2.6M | $758K | — | as long as short |
| GRVT OPENAI_USDT_Perp | +0.0050% | 8h | 1,614.5 | −2.654% | $2K | $164K | 10x | as long as short |
| Aevo OPENAI-PERP | +0.0104% | 1h | 1,613.7 | −2.699% | — | — | 10x | as long as short |
| Entropy io:OAI | +0.0135% | 1h | 1,665.9 | +0.446% | $7.6M | $2.3M | 6x | as long as short |
Coinbase International OPENAI-PERP-INTX
BloFin OPENAI-USDT
Lighter RH OPENAI
Extended OPENAI-USD
Aster OPENAIUSDT
Binance OPENAIUSDT
MEXC OPENAI_USDT
Variational Omni OPENAI
GRVT OPENAI_USDT_Perp
Aevo OPENAI-PERP
Entropy io:OAI