Funding you earn now, next payment 08:00 UTC+0.3095%/8h= +338.9% APRpaid last 24h +0.185%
Price spread now: Bybit against KuCoin−0.244%7-day average +0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$208as in the Funding arb table
Net, price: spread back to 7d avg − costs−$299as in the Price arb table
costs, in and out, $10k−$2632.631% of the position
Funding, last 7 days+0.550%+$55 on $10k
+Price spread, last 7 days+0.413%+$41 · spread now −0.244%, 7d avg +0.118%
=Funding pays, the price is against you. Bybit is 0.362% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.244% now, against its 7-day average of +0.118%). If the spread goes back, that is −$36 on $10k: about 9 hours of funding at the current rate (+$93 a day). At the pace of the last 7 days (+0.550% in total) that is about 4.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.550% in total (about 28.7% a year). A funding rate is set anew for every payment. 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 COTIUSDTM | 0.01474 | −0.5668 | get 0.2834% / 4h | 2h 28m | $1.8M | $2.3M | 50x |
| Short | Bybit COTIUSDT | 0.01470 | −0.2573 | pay 0.2573% / 8h | 2h 28m | $3.7M | $9.7M | 50x |
KuCoin COTIUSDTM
Bybit COTIUSDTFunding 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
- $649.97
- Price spread: −0.244% → +0.118%
- −$36.23
- Slippage, 4 orders
- −$240.05
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $350.69
- Costs to cover
- 2.631%
- Break-even
- 3.2 days
Slippage from KuCoin: live order book, 3 min ago; Bybit: live order book, 5 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 | 10.19 bp | 61.3 bp −$61 | 902.2 bp −$9,022 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.34 bp | 82.5 bp −$82 | 233.2 bp −$2,332 | doesn't fit | doesn't fit |
COTI on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate COTI_USDT | −0.6984% | 4h | 0.01478 | +0.271% | $451K | $1.2M | 25x | as long as short |
| Binance COTIUSDT | −0.6252% | 4h | 0.01470 | −0.278% | $8.3M | $45.8M | 50x | as long as short |
| MEXC COTI_USDT | −0.6206% | 4h | 0.01471 | −0.224% | $11.8M | $2.3M | 50x | as long as short |
| Aster COTIUSDT | −0.5992% | 4h | 0.01470 | −0.285% | $10K | $365K | 5x | as long as short |
| KuCoin COTIUSDTMlong | −0.5668% | 4h | 0.01474 | long leg | $1.8M | $2.3M | 50x | |
| Bitget COTIUSDT | −0.4436% | 4h | 0.01471 | −0.204% | $3.3M | $3.5M | 50x | as long as short |
| BloFin COTI-USDT | −0.4345% | 4h | 0.01468 | −0.427% | $454K | $655K | 50x | as long as short |
| Bybit COTIUSDTshort | −0.2573% | 8h | 0.01470 | −0.244% | $3.7M | $9.7M | 50x | |
| Variational Omni COTI | −0.1783% | 8h | 0.01470 | −0.300% | $30K | $39K | — | as long as short |
| BingX COTI-USDT | −0.1778% | 4h | 0.01474 | +0.034% | — | $1.6M | — | as long as short |
Gate COTI_USDT
Binance COTIUSDT
MEXC COTI_USDT
Aster COTIUSDT
Bitget COTIUSDT
BloFin COTI-USDT
Variational Omni COTI
BingX COTI-USDT