Funding you earn now, next payment 04:00 UTC−0.1074%/8h= −117.6% APRnext payment −$5.37 per $10,000 · paid last 24h −0.078%
Price spread now: Bybit against KuCoin−0.207%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$265as in the Funding arb table
Net, price: spread back to 7d avg − costs−$294as in the Price arb table
costs, in and out, $10k−$2702.703% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)+0.368%+$37 · spread now −0.207%, 7d avg +0.026%
=Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Bybit is 0.233% cheaper against KuCoin than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.026%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.050%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin B2USDTM | 0.4822 | 0.1174 | pay 0.0587% / 4h | 2h 42m | $1.0M | $302K | 50x |
| Short | Bybit B2USDT | 0.4812 | 0.0100 | get 0.0050% / 4h | 2h 42m | $1.5M | $2.4M | 20x |
KuCoin B2USDTM
Bybit B2USDTFunding 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
- −$225.54
- Price spread: −0.207% → +0.026%
- −$23.29
- Slippage, 4 orders
- −$247.26
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$519.09
- Costs to cover
- 2.703%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; Bybit: live order book, 4 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, 7 min ago | 8.25 bp | 145.9 bp −$146 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 5.18 bp | 40.3 bp −$40 | 383.5 bp −$3,835 | doesn't fit | doesn't fit |
B2 on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit B2USDTshort | +0.0100% | 4h | 0.4812 | −0.207% | $1.5M | $2.4M | 20x | |
| MEXC B2_USDT | +0.0732% | 4h | 0.4818 | −0.083% | $542K | $486K | 100x | as long as short |
| Binance B2USDT | +0.0734% | 4h | 0.4818 | −0.083% | $7.8M | $11.5M | 50x | as long as short |
| Aster B2USDT | +0.0749% | 4h | 0.4815 | −0.138% | $150K | $166K | 5x | as long as short |
| BingX B2-USDT | +0.0816% | 4h | 0.4817 | −0.104% | — | $1.4M | — | as long as short |
| Bitget B2USDT | +0.0830% | 4h | 0.4811 | −0.228% | $2.7M | $1.2M | 50x | as long as short |
| KuCoin B2USDTMlong | +0.1174% | 4h | 0.4822 | long leg | $1.0M | $302K | 50x | |
| Variational Omni B2 | +0.1291% | 4h | 0.4827 | +0.099% | $13K | $2K | — | as long as short |
| Gate B2_USDT | +0.1788% | 4h | 0.4827 | +0.104% | $841K | $372K | 20x | as long as short |
MEXC B2_USDT
Binance B2USDT
Aster B2USDT
BingX B2-USDT
Bitget B2USDT
Variational Omni B2
Gate B2_USDT