Funding you earn now, next payment 08:00 UTC+0.0174%/8h= +19.1% APRnext payment +$0.87 per $10,000 · paid last 24h +0.003%
Price spread now: KuCoin against Bybit0.000%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1481.478% of the position
Funding, last 7 days+0.069%+$7 on $10k
+Price spread, last 7 days−0.043%−$4 · spread now 0.000%, 7d avg −0.015%
=The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ETHFIUSDT | 0.6944 | −0.0074 | get 0.0037% / 4h | 1h 46m | $17.3M | $13.0M | 25x |
| Short | KuCoin ETHFIUSDTM | 0.6944 | 0.0100 | get 0.0050% / 4h | 1h 46m | $1.2M | $229K | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bybit. 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
- $36.57
- Price spread: 0.000% → −0.015%
- $1.53
- Slippage, 4 orders
- −$124.82
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$109.72
- Costs to cover
- 1.478%
- Break-even
- 28.0 days
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 9 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 Bybit live order book, 2 min ago | 0.72 bp | 16.6 bp −$17 | 43.5 bp −$435 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 8.61 bp | 51.8 bp −$52 | 156.5 bp −$1,565 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX ETHFI-USDT | −0.0362% | 4h | 0.6937 | −0.101% | $82K | $175K | 20x | as long as short |
| Deribit ETHFI_USDC-PERPETUAL | −0.0326% | 1h | 0.6942 | −0.029% | $41K | $11K | 10x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0278% | 4h | 0.6939 | −0.072% | $16K | $1K | 10x | as long as short |
| Variational Omni ETHFI | −0.0158% | 4h | 0.6931 | −0.182% | $921K | $778K | — | as long as short |
| Bybit ETHFIUSDTlong | −0.0074% | 4h | 0.6944 | long leg | $17.3M | $13.0M | 25x | |
| Binance ETHFIUSDT | −0.0044% | 4h | 0.6936 | −0.115% | $24.1M | $36.0M | 75x | as long as short |
| MEXC ETHFI_USDT | −0.0042% | 4h | 0.6940 | −0.058% | $15.5M | $4.2M | 125x | as long as short |
| Extended ETHFI-USD | −0.0040% | 1h | 0.6936 | −0.110% | $94K | $506K | 10x | as long as short |
| Paradex ETHFI-USD-PERP | −0.0017% | 8h | 0.6941 | −0.044% | $6K | — | 5x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +4.263% | $321 | $51K | 5.5x | as long as short |
Show all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aevo ETHFI-PERP | +0.0072% | 1h | 0.6943 | −0.019% | $8K | — | 3x | as long as short |
| Lighter ETHFI | +0.0096% | 1h | 0.6949 | +0.075% | $1.1M | $829K | 5x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.6941 | −0.048% | $16.7M | $8.6M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.6946 | +0.023% | $177K | $261K | 10x | as long as short |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.6947 | +0.043% | $5.1M | $12.7M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.6947 | +0.043% | $1.7M | $2.0M | 75x | as long as short |
| KuCoin ETHFIUSDTMshort | +0.0100% | 4h | 0.6944 | 0.000% | $1.2M | $229K | 50x | |
| Bitget ETHFIUSDT | +0.0100% | 4h | 0.6938 | −0.086% | $6.0M | $5.0M | 75x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.6937 | −0.101% | — | $8.9M | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.6942 | −0.023% | $63K | $127K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.6942 | −0.029% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0196% | 4h | 0.6939 | −0.072% | $1.2M | $239K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0328% | 1h | 0.7066 | +1.757% | $32K | $6K | 50x | as long as short |
| Kraken Futures PF_ETHFIUSD | +0.1692% | 1h | 0.6953 | +0.126% | $285K | $292K | 20x | as long as short |
Bybit ETHFIUSDT
KuCoin ETHFIUSDTM
HTX ETHFI-USDT
Deribit ETHFI_USDC-PERPETUAL
Variational Omni ETHFI
Binance ETHFIUSDT
MEXC ETHFI_USDT
Extended ETHFI-USD
Paradex ETHFI-USD-PERP
Injective ETHFI/USDC PERP
Lighter ETHFI
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
Bitget ETHFIUSDT
BingX ETHFI-USDT
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX
Kraken Futures PF_ETHFIUSD