Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%
Price spread now: Bybit against KuCoin+0.025%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$350.346% of the position
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 7 days−0.030%−$3 · spread now +0.025%, 7d avg −0.012%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.038% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BNBUSDTM | 784.39 | 0.0100 | pay 0.0100% / 8h | 17m 00s | $27.6M | $10.2M | 75x |
| Short | Bybit BNBUSDT | 784.59 | 0.0100 | get 0.0100% / 8h | 17m 00s | $138.1M | $74.0M | 75x |
KuCoin BNBUSDTM
Bybit BNBUSDTFunding 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
- $0
- Price spread: +0.025% → −0.012%
- $3.79
- Slippage, 4 orders
- −$11.63
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$30.84
- Costs to cover
- 0.346%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bybit: live order book, 2 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 | 0.45 bp | 11.0 bp −$11 | 18.4 bp −$184 | 53.5 bp −$5,349 | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.64 bp | 7.4 bp −$7 | 9.1 bp −$91 | 24.8 bp −$2,478 | 112.1 bp −$56.1K |
BNB on 46 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0168% / S +0.0337% | 1h | 784.60 | +0.026% | $43K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 784.83 | +0.056% | $4K | $42 | 25x | as long as short |
| Kraken Futures PF_BNBUSD | −0.0050% | 1h | 784.67 | +0.035% | $2.5M | $1.2M | 50x | as long as short |
| Kalshi KXBNBPERP | 0.0000% | 8h | 785.30 | +0.116% | $170K | $2.7M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 785.26 | +0.111% | $847K | $2.7M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0007% / S −0.0007% | 1h | 784.58 | +0.024% | $9.5M | — | 150x | as long as short |
| Injective BNB/USDC PERP | +0.0033% | 1h | 805.09 | +2.639% | $19K | $789K | 30x | as long as short |
| Aster BNBUSDT | +0.0034% | 8h | 785.26 | +0.111% | $6.0M | $18.7M | 200x | as long as short |
| BingX BNB-USDC | +0.0039% | 8h | 784.53 | +0.018% | — | $13.4M | — | as long as short |
| MEXC BNB_USDT | +0.0048% | 8h | 785.80 | +0.180% | $80.8M | $12.0M | 200x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kraken Futures PF_BNBUSD
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Injective BNB/USDC PERP
Aster BNBUSDT
BingX BNB-USDC
MEXC BNB_USDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BNBUSDT | +0.0049% | 8h | 785.35 | +0.122% | $488.1M | $816.7M | 75x | as long as short |
| Phemex BNBUSDT | +0.0075% | 8h | 785.26 | +0.111% | $68.5M | $51.1M | 50x | as long as short |
| Lighter BNB | +0.0096% | 1h | 784.71 | +0.040% | $2.7M | $3.8M | 20x | as long as short |
| Phoenix BNB | +0.0100% | 1h | 785.13 | +0.094% | $159K | $35K | 10x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 784.35 | −0.005% | $1.3M | $2.7M | 20x | as long as short |
| Hyperliquid BNB | +0.0100% | 1h | 785.23 | +0.107% | $51.5M | $17.6M | 10x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 784.76 | +0.047% | $1.2M | $938K | 20x | as long as short |
| Bybit BNBUSDTshort | +0.0100% | 8h | 784.59 | +0.025% | $138.1M | $74.0M | 75x | |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 784.60 | +0.027% | $53.4M | $111.8M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 784.70 | +0.040% | $52K | $125K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 784.70 | +0.040% | $38.2M | $58.6M | 75x | as long as short |
| KuCoin BNBUSDTMlong | +0.0100% | 8h | 784.39 | long leg | $27.6M | $10.2M | 75x | |
| Bitget BNBUSDT | +0.0100% | 8h | 784.33 | −0.008% | $75.3M | $32.5M | 75x | as long as short |
| Backpack BNB_USDC_PERP | +0.0100% | 1h | 785.10 | +0.091% | $2.2M | $6.1M | 40x | as long as short |
| Variational Omni BNB | +0.0100% | 8h | 783.41 | −0.125% | $4.0M | $4.7M | — | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 785.01 | +0.079% | $4.1M | $76.7M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 785.42 | +0.131% | $158K | $436K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 784.31 | −0.010% | $131K | $944K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 784.64 | +0.032% | $264K | $388K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 784.56 | +0.021% | $31K | $12K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 785.00 | +0.078% | $12K | $1.5M | 50x | as long as short |
| SoDEX BNB-USD | +0.0100% | 1h | 784.80 | +0.052% | $386K | $965K | 10x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 784.63 | +0.030% | $8.0M | $10.4M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 785.12 | +0.093% | $78K | $17K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 784.20 | −0.025% | $1.8M | $5.8M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 784.68 | +0.037% | $377K | $110K | 10x | as long as short |
| Coinbase International BNB-PERP-INTX | +0.0104% | 1h | 784.48 | +0.011% | $546K | $1.9M | 50x | as long as short |
| dYdX BNB-USD | +0.0109% | 1h | 784.27 | −0.016% | $159K | $62K | 10x | as long as short |
| BloFin BNB-USDT | +0.0169% | 8h | 785.10 | +0.091% | $17.7M | $2.2M | 75x | as long as short |
| GRVT BNB_USDT_Perp | +0.0217% | 8h | 785.43 | +0.133% | $2.9M | $28.3M | 10x | as long as short |
| Bulk BNB-USD | +0.0231% | 1h | 784.93 | +0.069% | $636K | $831 | 10x | as long as short |
| 01 Exchange BNBUSD | +0.0248% | 1h | 785.03 | +0.082% | $28K | $4K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 785.05 | +0.084% | $1.5M | $141K | 25x | as long as short |
| Reya BNBRUSDPERP | +0.0320% | 1h | 784.16 | −0.030% | $6K | $3K | 40x | as long as short |
| RISEx BNB/USDC | +0.0350% | 1h | 784.87 | +0.061% | $1.1M | $904K | 20x | as long as short |
| Hibachi BNB/USDT-P | +0.0456% | 1h | 784.71 | +0.040% | $67K | $39K | 12x | as long as short |
Binance BNBUSDT
Phemex BNBUSDT
Lighter BNB
Phoenix BNB
Nado BNB-PERP
Hyperliquid BNB
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
Bitget BNBUSDT
Backpack BNB_USDC_PERP
Variational Omni BNB
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
SoDEX BNB-USD
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Coinbase International BNB-PERP-INTX
dYdX BNB-USD
BloFin BNB-USDT
GRVT BNB_USDT_Perp
Bulk BNB-USD
01 Exchange BNBUSD
Deribit BNB_USDC-PERPETUAL
Reya BNBRUSDPERP
RISEx BNB/USDC
Hibachi BNB/USDT-P