Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.2% APRpaid last 24h −0.166%
Price spread now: Bybit against KuCoin+0.307%7-day average +0.162% · you sell dearer than you buy
Net, funding: paid 7d − costs−$312as in the Funding arb table
Net, price: spread back to 7d avg − costs−$254as in the Price arb table
costs, in and out, $10k−$2692.687% of the position
Funding, last 7 days−0.434%−$43 on $10k
+Price spread, last 4 days (all we have)−0.632%−$63 · spread now +0.307%, 7d avg +0.162%
=The price spread pays, funding is against you. Bybit is 0.145% dearer against KuCoin than usual: you sell high and buy low (spread +0.307% now, against its 7-day average of +0.162%): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 7 days (−0.434% in total) that is about 2.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MINAUSDTM | 0.1270 | −0.0116 | get 0.0116% / 8h | 1h 07m | $765K | $506K | 30x |
| Short | Bybit MINAUSDT | 0.1274 | −0.0146 | pay 0.0073% / 4h | 1h 07m | $4.4M | $6.7M | 25x |
KuCoin MINAUSDTM
Bybit MINAUSDTFunding 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
- −$6.22
- Price spread: +0.307% → +0.162%
- $14.5
- Slippage, 4 orders
- −$245.69
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$260.41
- Costs to cover
- 2.687%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 66 min ago; Bybit: 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 KuCoin live order book, 66 min ago | 14.54 bp | 86.5 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 2.74 bp | 60.1 bp −$60 | 165.4 bp −$1,654 | doesn't fit | doesn't fit |
MINA 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_MINAUSD | −0.1805% | 1h | 0.1273 | +0.205% | $24K | $88K | 10x | as long as short |
| Binance MINAUSDT | −0.0389% | 8h | 0.1272 | +0.165% | $4.4M | $33.8M | 50x | as long as short |
| MEXC MINA_USDT | −0.0384% | 8h | 0.1272 | +0.173% | $1.2M | $1.5M | 50x | as long as short |
| BloFin MINA-USDT | −0.0364% | 8h | 0.1270 | −0.016% | $252K | $291K | 50x | as long as short |
| OKX MINA-USDT-SWAP | −0.0278% | 4h | 0.1273 | +0.197% | $1.9M | $17.1M | 20x | as long as short |
| Bitget MINAUSDT | −0.0248% | 8h | 0.1271 | +0.079% | $1.8M | $3.8M | 50x | as long as short |
| Gate MINA_USDT | −0.0208% | 8h | 0.1273 | +0.252% | $411K | $972K | 50x | as long as short |
| Bybit MINAUSDTshort | −0.0146% | 4h | 0.1274 | +0.307% | $4.4M | $6.7M | 25x | |
| KuCoin MINAUSDTMlong | −0.0116% | 8h | 0.1270 | long leg | $765K | $506K | 30x | |
| BingX MINA-USDT | −0.0056% | 8h | 0.1272 | +0.150% | — | $2.7M | — | as long as short |
Kraken Futures PF_MINAUSD
Binance MINAUSDT
MEXC MINA_USDT
BloFin MINA-USDT
OKX MINA-USDT-SWAP
Bitget MINAUSDT
Gate MINA_USDT
BingX MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1273 | +0.197% | $3.7M | $2.2M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1274 | +0.290% | $410K | $143K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA