Funding you earn now, next payment 08:00 UTC−0.0249%/8h= −27.3% APRnext payment −$1.24 per $10,000 · paid last 24h −0.198%
Price spread now: Bybit against Binance−0.076%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$421as in the Funding arb table
Net, price: spread back to 7d avg − costs−$382as in the Price arb table
costs, in and out, $10k−$3773.771% of the position
Funding, last 7 days−0.435%−$43 on $10k
+Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.076%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.047% cheaper against Binance than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.029%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance KGENUSDT | 0.1635 | 0.0349 | pay 0.0174% / 4h | 1h 30m | $5.0M | $845K | 50x |
| Short | Bybit KGENUSDT | 0.1634 | 0.0100 | get 0.0050% / 4h | 1h 30m | $754K | $326K | 20x |
Binance KGENUSDT
Bybit KGENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- −$52.26
- Price spread: −0.076% → −0.029%
- −$4.67
- Slippage, 4 orders
- −$356.06
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$433.99
- Costs to cover
- 3.771%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Bybit: 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 Binance live order book, 7 min ago | 3.05 bp | 44.6 bp −$45 | 185.1 bp −$1,851 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 6.09 bp | 150.8 bp −$151 | doesn't fit | doesn't fit | doesn't fit |
KGEN 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit KGENUSDTshort | +0.0100% | 4h | 0.1634 | −0.076% | $754K | $326K | 20x | |
| OKX KGEN-USDT-SWAP | +0.0100% | 4h | 0.1634 | −0.076% | $198K | $123K | 10x | as long as short |
| KuCoin KGENUSDTM | +0.0100% | 4h | 0.1636 | +0.052% | $749K | $1.9M | 50x | as long as short |
| Variational Omni KGEN | +0.0100% | 4h | 0.1634 | −0.094% | $5K | $1K | — | as long as short |
| SunX KGEN-USDT | +0.0100% | 4h | 0.1633 | −0.162% | $2K | $869K | 20x | as long as short |
| Gate KGEN_USDT | +0.0104% | 4h | 0.1629 | −0.382% | $1.5M | $86K | 50x | as long as short |
| Bitget KGENUSDT | +0.0286% | 4h | 0.1635 | −0.015% | $1.7M | $165K | 50x | as long as short |
| Binance KGENUSDTlong | +0.0349% | 4h | 0.1635 | long leg | $5.0M | $845K | 50x | |
| MEXC KGEN_USDT | +0.0354% | 4h | 0.1634 | −0.076% | $453K | $108K | 50x | as long as short |
| BingX KGEN-USDT | +0.0384% | 4h | 0.1634 | −0.076% | — | $6.6M | — | as long as short |
OKX KGEN-USDT-SWAP
KuCoin KGENUSDTM
Variational Omni KGEN
SunX KGEN-USDT
Gate KGEN_USDT
Bitget KGENUSDT
MEXC KGEN_USDT
BingX KGEN-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin KGEN-USDT | +0.0394% | 4h | 0.1635 | −0.015% | $223K | $19K | 50x | as long as short |
| Aster KGENUSDT | +0.0977% | 4h | 0.1632 | −0.198% | $20K | $2K | 5x | as long as short |
BloFin KGEN-USDT
Aster KGENUSDT