Funding you earn now, next payment 08:00 UTC+0.0798%/8h= +87.4% APRnext payment +$7.98 per $10,000 · paid last 24h +0.151%
Price spread now: KuCoin against Bybit+0.230%7-day average +0.190% · you sell dearer than you buy
Net, funding: paid 7d − costs−$363as in the Funding arb table
Net, price: spread back to 7d avg − costs−$446as in the Price arb table
costs, in and out, $10k−$4504.496% of the position
Funding, last 7 days+0.867%+$87 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now +0.230%, 7d avg +0.190%
=Both sides work for this trade now. Funding pays +$24 a day on $10k at the current rate, and KuCoin is 0.040% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.190%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit IOTAUSDT | 0.04779 | 0.0100 | pay 0.0100% / 8h | 5h 01m | $2.2M | $1.5M | 75x |
| Short | KuCoin IOTAUSDTM | 0.04790 | 0.0898 | get 0.0898% / 8h | 5h 01m | $2.7M | $241K | 30x |
Bybit IOTAUSDT
KuCoin IOTAUSDTMFunding 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
- $167.58
- Price spread: +0.230% → +0.190%
- $3.98
- Slippage, 4 orders
- −$426.64
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$278.08
- Costs to cover
- 4.496%
- Break-even
- 18.6 days
Slippage from Bybit: live order book, 5 min ago; KuCoin: 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 Bybit live order book, 5 min ago | 3.14 bp | 32.5 bp −$33 | 82.4 bp −$824 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 32.31 bp | 213.9 bp −$214 | doesn't fit | doesn't fit | doesn't fit |
IOTA on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_IOTAUSD | −0.0196% | 1h | 0.04783 | +0.087% | $18K | $12K | 10x | as long as short |
| BloFin IOTA-USDT | +0.0089% | 8h | 0.04775 | −0.084% | $170K | $43K | 75x | as long as short |
| Hyperliquid IOTA | +0.0100% | 1h | 0.04788 | +0.197% | $898K | $400K | 3x | as long as short |
| Binance IOTAUSDT | +0.0100% | 8h | 0.04786 | +0.146% | $3.5M | $5.9M | 75x | as long as short |
| Bybit IOTAUSDTlong | +0.0100% | 8h | 0.04779 | long leg | $2.2M | $1.5M | 75x | |
| OKX IOTA-USDT-SWAP | +0.0100% | 8h | 0.04779 | 0.000% | $559K | $1.4M | 20x | as long as short |
| Gate IOTA_USDT | +0.0100% | 8h | 0.04774 | −0.105% | $829K | $266K | 75x | as long as short |
| MEXC IOTA_USDT | +0.0100% | 8h | 0.04786 | +0.146% | $584K | $177K | 125x | as long as short |
| Bitget IOTAUSDT | +0.0100% | 8h | 0.04782 | +0.063% | $1.7M | $710K | 50x | as long as short |
| BingX IOTA-USDT | +0.0100% | 8h | 0.04780 | +0.021% | — | $2.3M | — | as long as short |
Kraken Futures PF_IOTAUSD
BloFin IOTA-USDT
Hyperliquid IOTA
Binance IOTAUSDT
OKX IOTA-USDT-SWAP
Gate IOTA_USDT
MEXC IOTA_USDT
Bitget IOTAUSDT
BingX IOTA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni IOTA | +0.0100% | 8h | 0.04776 | −0.061% | $38K | $36K | — | as long as short |
| KuCoin IOTAUSDTMshort | +0.0898% | 8h | 0.04790 | +0.230% | $2.7M | $241K | 30x |
Variational Omni IOTA