Funding you earn now, next payment 01:00 UTC+0.6269%/8h= +686.5% APRpaid last 24h +1.125%
Price spread now: Bybit against KuCoin−0.693%7-day average +0.305% · you buy dearer than you sell
Net, funding: paid 7d − costs−$112as in the Funding arb table
Net, price: spread back to 7d avg − costs−$216as in the Price arb table
costs, in and out, $10k−$1171.166% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 7 days+2.607%+$261 · spread now −0.693%, 7d avg +0.305%
=Funding pays, the price is against you. Bybit is 0.998% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.693% now, against its 7-day average of +0.305%). If the spread goes back, that is −$100 on $10k: about 13 hours of funding at the current rate (+$188 a day). At the pace of the last 7 days (+0.046% in total) that is about 5 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.046% in total (about 2.4% 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 CVCUSDTM | 0.02742 | 0.0100 | pay 0.0050% / 4h | 3h 28m | $1.4M | $414K | 30x |
| Short | Bybit CVCUSDT | 0.02723 | 0.6369 | get 0.0796% / 1h | 28m 09s | $1.7M | $1.5M | 25x |
KuCoin CVCUSDTM
Bybit CVCUSDTFunding 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
- $1,316.52
- Price spread: −0.693% → +0.305%
- −$99.8
- Slippage, 4 orders
- −$93.59
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $1,100.12
- Costs to cover
- 1.166%
- Break-even
- 1.2 days
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 | 3.64 bp | 30.5 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.67 bp | 26.6 bp −$27 | 435.2 bp −$4,352 | doesn't fit | doesn't fit |
CVC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget CVCUSDT | +0.0046% | 4h | 0.02739 | −0.109% | $446K | $481K | 50x | as long as short |
| Binance CVCUSDT | +0.0100% | 4h | 0.02739 | −0.109% | $3.0M | $5.7M | 50x | as long as short |
| Gate CVC_USDT | +0.0100% | 4h | 0.02738 | −0.146% | $210K | $318K | 25x | as long as short |
| MEXC CVC_USDT | +0.0100% | 4h | 0.02739 | −0.109% | $653K | $123K | 20x | as long as short |
| KuCoin CVCUSDTMlong | +0.0100% | 4h | 0.02742 | long leg | $1.4M | $414K | 30x | |
| BingX CVC-USDT | +0.0836% | 4h | 0.02733 | −0.328% | — | $2.4M | — | as long as short |
| Variational Omni CVC | +0.0972% | 1h | 0.02725 | −0.617% | $1K | $370 | — | as long as short |
| Bybit CVCUSDTshort | +0.6369% | 1h | 0.02723 | −0.693% | $1.7M | $1.5M | 25x |
Bitget CVCUSDT
Binance CVCUSDT
Gate CVC_USDT
MEXC CVC_USDT
BingX CVC-USDT
Variational Omni CVC