Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.009%
Price spread now: KuCoin against Bybit+0.132%7-day average +0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs−$545as in the Funding arb table
Net, price: spread back to 7d avg − costs−$551as in the Price arb table
costs, in and out, $10k−$5595.593% of the position
Funding, last 7 days+0.147%+$15 on $10k
+Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.132%, 7d avg +0.053%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.079% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit MEGAUSDT | 0.04536 | 0.0100 | pay 0.0050% / 4h | 3h 33m | $3.5M | $5.2M | 20x |
| Short | KuCoin MEGAUSDTM | 0.04542 | 0.0100 | get 0.0050% / 4h | 3h 33m | $239K | $115K | 50x |
Bybit MEGAUSDT
KuCoin MEGAUSDTMFunding 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
- $0
- Price spread: +0.132% → +0.053%
- $7.92
- Slippage, 4 orders
- −$536.31
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$551.39
- Costs to cover
- 5.593%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 17 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, 4 min ago | 1.11 bp | 31.3 bp −$31 | 159.8 bp −$1,598 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 17 min ago | 11.08 bp | 224.5 bp −$225 | doesn't fit | doesn't fit | doesn't fit |
MEGA on 28 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International MEGA-PERP-INTX | −0.0048% | 1h | 0.04490 | −1.005% | $5K | $12K | 50x | as long as short |
| gTrade (Gains Network) MEGA/USD | L −0.0018% / S +0.0023% | 1h | 0.04534 | −0.044% | $12K | — | 150x | as long as short |
| Phoenix MEGA | 0.0000% | 1h | 0.04529 | −0.154% | $21K | $7K | 5x | as long as short |
| BloFin MEGA-USDT | +0.0044% | 4h | 0.04525 | −0.243% | $196K | $77K | 50x | as long as short |
| Nado MEGA-PERP | +0.0057% | 1h | 0.04544 | +0.176% | $197K | $136K | 2x | as long as short |
| Aster MEGAUSDT | +0.0100% | 4h | 0.04547 | +0.236% | $20K | $87K | 5x | as long as short |
| Pacifica MEGA | +0.0100% | 1h | 0.04546 | +0.214% | $14K | $9K | 3x | as long as short |
| Binance MEGAUSDT | +0.0100% | 4h | 0.04539 | +0.059% | $4.0M | $13.2M | 50x | as long as short |
| Bybit MEGAUSDTlong | +0.0100% | 4h | 0.04536 | long leg | $3.5M | $5.2M | 20x | |
| OKX MEGA-USDT-SWAP | +0.0100% | 4h | 0.04531 | −0.110% | $925K | $3.0M | 20x | as long as short |
Coinbase International MEGA-PERP-INTX
gTrade (Gains Network) MEGA/USD
Phoenix MEGA
BloFin MEGA-USDT
Nado MEGA-PERP
Aster MEGAUSDT
Pacifica MEGA
Binance MEGAUSDT
OKX MEGA-USDT-SWAPShow all 28 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk MEGA-USD | +0.0100% | 1h | 0.04535 | −0.022% | $134K | $4K | 10x | as long as short |
| Gate MEGA_USDT | +0.0100% | 4h | 0.04536 | 0.000% | $198K | $313K | 20x | as long as short |
| MEXC MEGA_USDT | +0.0100% | 4h | 0.04540 | +0.088% | $841K | $360K | 50x | as long as short |
| KuCoin MEGAUSDTMshort | +0.0100% | 4h | 0.04542 | +0.132% | $239K | $115K | 50x | |
| Bitget MEGAUSDT | +0.0100% | 4h | 0.04545 | +0.198% | $1.1M | $1.5M | 50x | as long as short |
| BingX MEGA-USDT | +0.0100% | 4h | 0.04532 | −0.088% | — | $1.7M | — | as long as short |
| Backpack MEGA_USDC_PERP | +0.0100% | 1h | 0.04549 | +0.287% | $18K | $41K | 5x | as long as short |
| Variational Omni MEGA | +0.0100% | 4h | 0.04530 | −0.126% | $320K | $227K | — | as long as short |
| GRVT MEGA_USDT_Perp | +0.0100% | 4h | 0.04538 | +0.053% | $21K | $1.7M | 10x | as long as short |
| ApeX Omni MEGAUSDT | +0.0100% | 1h | 0.04534 | −0.044% | $25K | $231K | 50x | as long as short |
| Orderly PERP_MEGA_USDC | +0.0100% | 4h | 0.04535 | −0.022% | $3K | $2K | 10x | as long as short |
| SunX MEGA-USDT | +0.0100% | 4h | 0.04546 | +0.220% | $2K | $1.9M | 10x | as long as short |
| Extended MEGA-USD | +0.0104% | 1h | 0.04537 | +0.013% | $131K | $802K | 5x | as long as short |
| Reya MEGARUSDPERP | +0.0159% | 1h | 0.04542 | +0.139% | $3 | — | 3x | as long as short |
| GMX MEGA/USD [ETH-USDC] | L +0.0236% / S −0.5353% | 1h | 0.04532 | −0.077% | $3K | — | 45x | as long as short |
| Lighter MEGA | +0.0832% | 1h | 0.04566 | +0.661% | $642K | $320K | 3x | as long as short |
| Hyperliquid MEGA | +0.1015% | 1h | 0.04554 | +0.395% | $7.8M | $2.4M | 3x | as long as short |
| Deribit MEGA_USDC-PERPETUAL | +0.1577% | 1h | 0.04552 | +0.353% | $110 | $15 | 25x | as long as short |
Bulk MEGA-USD
Gate MEGA_USDT
MEXC MEGA_USDT
Bitget MEGAUSDT
BingX MEGA-USDT
Backpack MEGA_USDC_PERP
Variational Omni MEGA
GRVT MEGA_USDT_Perp
ApeX Omni MEGAUSDT
Orderly PERP_MEGA_USDC
SunX MEGA-USDT
Extended MEGA-USD
Reya MEGARUSDPERP
GMX MEGA/USD [ETH-USDC]
Lighter MEGA
Hyperliquid MEGA
Deribit MEGA_USDC-PERPETUAL