Funding you earn now, next payment 08:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.40 per $10,000 · paid last 24h −0.078%
Price spread now: Bybit against KuCoin−0.209%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$188as in the Price arb table
costs, in and out, $10k−$1711.713% of the position
Funding, last 7 days−0.213%−$21 on $10k
+Price spread, last 7 days+0.048%+$5 · spread now −0.209%, 7d avg −0.046%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.163% cheaper against KuCoin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.046%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BRUSDTM | 1.1779 | 0.0180 | pay 0.0090% / 4h | 2h 29m | $5.2M | $4.9M | 30x |
| Short | Bybit BRUSDT | 1.1754 | 0.0100 | get 0.0050% / 4h | 2h 29m | $11.3M | $22.2M | 5x |
KuCoin BRUSDTM
Bybit BRUSDTFunding 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
- −$16.8
- Price spread: −0.209% → −0.046%
- −$16.31
- Slippage, 4 orders
- −$148.34
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$204.45
- Costs to cover
- 1.713%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 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, 3 min ago | 6.28 bp | 59.2 bp −$59 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 4.39 bp | 37.5 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
BR on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX BR-USDT | +0.0080% | 4h | 1.1774 | −0.040% | — | $5.8M | — | as long as short |
| Bybit BRUSDTshort | +0.0100% | 4h | 1.1754 | −0.209% | $11.3M | $22.2M | 5x | |
| Gate BR_USDT | +0.0100% | 4h | 1.1770 | −0.079% | $7.9M | $8.4M | 20x | as long as short |
| Variational Omni BR | +0.0100% | 4h | 1.1781 | +0.018% | $284K | $266K | — | as long as short |
| SunX BR-USDT | +0.0100% | 4h | 1.1792 | +0.112% | — | $723K | 10x | as long as short |
| HTX BR-USDT | +0.0100% | 4h | 1.1835 | +0.475% | $90K | $233K | 20x | as long as short |
| Bitget BRUSDT | +0.0108% | 4h | 1.1784 | +0.039% | $8.6M | $10.4M | 10x | as long as short |
| KuCoin BRUSDTMlong | +0.0180% | 4h | 1.1779 | long leg | $5.2M | $4.9M | 30x | |
| Aster BRUSDT | +0.0331% | 4h | 1.1756 | −0.195% | $684K | $2.3M | 5x | as long as short |
| MEXC BR_USDT | +0.0814% | 4h | 1.1784 | +0.043% | $15.8M | $6.4M | 100x | as long as short |
BingX BR-USDT
Gate BR_USDT
Variational Omni BR
SunX BR-USDT
HTX BR-USDT
Bitget BRUSDT
Aster BRUSDT
MEXC BR_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BRUSDT | +0.0833% | 4h | 1.1781 | +0.014% | $56.1M | $136.2M | 25x | as long as short |
Binance BRUSDT