Funding you earn now, next payment 12:00 UTC+0.1902%/8h= +208.3% APRnext payment +$9.51 per $10,000 · paid last 24h +0.477%
Price spread now: KuCoin against Bybit−0.866%7-day average −0.245% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$380as in the Price arb table
costs, in and out, $10k−$3183.184% of the position
Funding, last 7 days+2.822%+$282 on $10k
+Price spread, last 7 days+1.688%+$169 · spread now −0.866%, 7d avg −0.245%
=Funding pays, the price is against you. KuCoin is 0.621% cheaper against Bybit than usual: you would sell low and buy high (spread −0.866% now, against its 7-day average of −0.245%). If the spread goes back, that is −$62 on $10k: about 26 hours of funding at the current rate (+$57 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MUSDT | 1.3418 | 0.0100 | pay 0.0050% / 4h | 3h 41m | $4.2M | $1.7M | 20x |
| Short | KuCoin MUSDTM | 1.3302 | 0.2002 | get 0.1001% / 4h | 3h 41m | $1.3M | $3.6M | 10x |
Bybit MUSDT
KuCoin MUSDTMFunding 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
- $399.42
- Price spread: −0.866% → −0.245%
- −$62.11
- Slippage, 4 orders
- −$295.35
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $18.96
- Costs to cover
- 3.184%
- Break-even
- 6.7 days
Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 6 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, 1 min ago | 2.61 bp | 37.3 bp −$37 | 376.8 bp −$3,768 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 5.44 bp | 100.7 bp −$101 | doesn't fit | doesn't fit | doesn't fit |
M 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 MUSDTlong | +0.0100% | 4h | 1.3418 | long leg | $4.2M | $1.7M | 20x | |
| Gate M_USDT | +0.0100% | 8h | 1.3401 | −0.127% | $1.8M | $893K | 10x | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.3434 | +0.119% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.3436 | +0.134% | $2K | $887K | 20x | as long as short |
| Aster MUSDT | +0.0236% | 4h | 1.3423 | +0.036% | $12K | $83K | 5x | as long as short |
| Binance MUSDT | +0.0505% | 4h | 1.3413 | −0.037% | $5.3M | $3.9M | 10x | as long as short |
| MEXC M_USDT | +0.0506% | 4h | 1.3425 | +0.052% | $241K | $109K | 50x | as long as short |
| BloFin M-USDT | +0.0522% | 4h | 1.3441 | +0.171% | $343K | $447K | 10x | as long as short |
| Variational Omni M | +0.0901% | 4h | 1.3430 | +0.092% | $90K | $49K | — | as long as short |
| BingX M-USDT | +0.1150% | 4h | 1.3426 | +0.060% | — | $2.4M | — | as long as short |
Gate M_USDT
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
Binance MUSDT
MEXC M_USDT
BloFin M-USDT
Variational Omni M
BingX M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MUSDT | +0.1192% | 4h | 1.3425 | +0.052% | $1.7M | $253K | 10x | as long as short |
| KuCoin MUSDTMshort | +0.2002% | 4h | 1.3302 | −0.866% | $1.3M | $3.6M | 10x |
Bitget MUSDT