Funding you earn now, next payment 12:00 UTC−0.0340%/8h= −37.2% APRnext payment −$1.70 per $10,000 · paid last 24h +0.013%
Price spread now: Bybit against KuCoin+0.029%7-day average −0.141% · you sell dearer than you buy
Net, funding: paid 7d − costs−$999as in the Funding arb table
Net, price: spread back to 7d avg − costs−$979as in the Price arb table
costs, in and out, $10k−$9969.961% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 7 days+0.001%$0 · spread now +0.029%, 7d avg −0.141%
=The price spread pays, funding is against you. Bybit is 0.169% dearer against KuCoin than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.141%): +$17 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 40 hours. At the pace of the last 7 days (−0.031% in total) that is about 38 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.70 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BUSDTM | 0.2091 | 0.0440 | pay 0.0220% / 4h | 1h 52m | $1.9M | $79K | 10x |
| Short | Bybit BUSDT | 0.2091 | 0.0100 | get 0.0050% / 4h | 1h 52m | $1.8M | $1.2M | 13x |
KuCoin BUSDTM
Bybit BUSDTFunding 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
- −$71.4
- Price spread: +0.029% → −0.141%
- $16.95
- Slippage, 4 orders
- −$973.11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,050.56
- Costs to cover
- 9.961%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 3 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 | 17.46 bp | 526.4 bp −$526 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.58 bp | 173.9 bp −$174 | 1530.8 bp −$15.3K | doesn't fit | doesn't fit |
B on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BUSDTshort | +0.0100% | 4h | 0.2091 | +0.029% | $1.8M | $1.2M | 13x | |
| Gate B_USDT | +0.0100% | 4h | 0.2091 | +0.019% | $3.6M | $635K | 20x | as long as short |
| Bitget BUSDT | +0.0250% | 4h | 0.2093 | +0.115% | $2.9M | $558K | 10x | as long as short |
| BingX B-USDT | +0.0396% | 4h | 0.2092 | +0.067% | — | $1.3M | — | as long as short |
| Extended B-USD | +0.0408% | 1h | 0.2092 | +0.081% | $17K | $299K | 5x | as long as short |
| MEXC B_USDT | +0.0408% | 4h | 0.2091 | +0.019% | $1.3M | $543K | 100x | as long as short |
| Binance BUSDT | +0.0408% | 4h | 0.2091 | +0.019% | $12.2M | $2.6M | 20x | as long as short |
| edgeX BUSDC | +0.0418% | 4h | 0.2097 | +0.294% | $3K | $387K | 5x | as long as short |
| BloFin B-USDT | +0.0418% | 4h | 0.2091 | +0.019% | $634K | $44K | 20x | as long as short |
| KuCoin BUSDTMlong | +0.0440% | 4h | 0.2091 | long leg | $1.9M | $79K | 10x |
Gate B_USDT
Bitget BUSDT
BingX B-USDT
Extended B-USD
MEXC B_USDT
Binance BUSDT
edgeX BUSDC
BloFin B-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BUSDT | +0.0965% | 4h | 0.2092 | +0.055% | $1.9M | $201K | 5x | as long as short |
Aster BUSDT