Funding you earn now, next payment 12:00 UTC−0.0817%/8h= −89.4% APRnext payment −$4.08 per $10,000 · paid last 24h −0.477%
Price spread now: Bybit against KuCoin+1.183%7-day average +0.266% · you sell dearer than you buy
Net, funding: paid 7d − costs−$589as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$3073.065% of the position
Funding, last 7 days−2.822%−$282 on $10k
+Price spread, last 7 days−1.901%−$190 · spread now +1.183%, 7d avg +0.266%
=The price spread pays, funding is against you. Bybit is 0.917% dearer against KuCoin than usual: you sell high and buy low (spread +1.183% now, against its 7-day average of +0.266%): +$92 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 3.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MUSDTM | 1.3203 | 0.1126 | pay 0.0563% / 4h | 1h 08m | $1.3M | $3.4M | 10x |
| Short | Bybit MUSDT | 1.3359 | 0.0309 | get 0.0155% / 4h | 1h 08m | $4.2M | $1.6M | 20x |
KuCoin MUSDTM
Bybit MUSDTFunding 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
- −$171.49
- Price spread: +1.183% → +0.266%
- $91.69
- Slippage, 4 orders
- −$283.51
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$386.3
- Costs to cover
- 3.065%
- Break-even
- never at this rate
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 | 5.48 bp | 115.8 bp −$116 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.62 bp | 39.4 bp −$39 | 217.9 bp −$2,179 | doesn't fit | doesn't fit |
M on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_M_USDC | +0.0086% | 4h | 1.3362 | +1.206% | $2K | $510 | 10x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.3340 | +1.039% | $1.8M | $913K | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.3343 | +1.062% | $2K | $935K | 20x | as long as short |
| Aster MUSDT | +0.0301% | 4h | 1.3360 | +1.190% | $12K | $29K | 5x | as long as short |
| Bybit MUSDTshort | +0.0309% | 4h | 1.3359 | +1.183% | $4.2M | $1.6M | 20x | |
| BloFin M-USDT | +0.0493% | 4h | 1.3340 | +1.039% | $340K | $461K | 10x | as long as short |
| MEXC M_USDT | +0.0532% | 4h | 1.3353 | +1.138% | $240K | $117K | 50x | as long as short |
| Binance MUSDT | +0.0532% | 4h | 1.3353 | +1.140% | $5.3M | $3.8M | 10x | as long as short |
| Bitget MUSDT | +0.0862% | 4h | 1.3358 | +1.176% | $1.7M | $250K | 10x | as long as short |
| BingX M-USDT | +0.0886% | 4h | 1.3351 | +1.122% | — | $2.4M | — | as long as short |
Orderly PERP_M_USDC
Gate M_USDT
SunX M-USDT
Aster MUSDT
BloFin M-USDT
MEXC M_USDT
Binance MUSDT
Bitget MUSDT
BingX M-USDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni M | +0.1005% | 4h | 1.3366 | +1.238% | $89K | $16K | — | as long as short |
| KuCoin MUSDTMlong | +0.1126% | 4h | 1.3203 | long leg | $1.3M | $3.4M | 10x |
Variational Omni M