Funding you earn now, next payment 08:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.26 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit−0.093%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1821.824% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.007%−$1 · spread now −0.093%, 7d avg −0.056%
=Funding pays, the price is against you. KuCoin is 0.036% cheaper against Bybit than usual: you would sell low and buy high (spread −0.093% now, against its 7-day average of −0.056%). If the spread goes back, that is −$4 on $10k: about 2.3 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit NILUSDT | 0.07538 | 0.0100 | pay 0.0050% / 4h | 1h 00m | $4.2M | $11.1M | 20x |
| Short | KuCoin NILUSDTM | 0.07531 | 0.0152 | get 0.0076% / 4h | 1h 00m | $569K | $565K | 30x |
Bybit NILUSDT
KuCoin NILUSDTMFunding 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
- $10.92
- Price spread: −0.093% → −0.056%
- −$3.64
- Slippage, 4 orders
- −$159.36
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$175.08
- Costs to cover
- 1.824%
- Break-even
- 119.2 days
Slippage from Bybit: live order book, 2 min ago; KuCoin: live order book, 63 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, 2 min ago | 3.99 bp | 45.0 bp −$45 | 334.1 bp −$3,341 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 63 min ago | 14.88 bp | 51.4 bp −$51 | 489.7 bp −$4,897 | doesn't fit | doesn't fit |
NIL 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | +0.0097% | 4h | 0.07536 | −0.027% | $372K | $101K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.07540 | +0.030% | $32K | $321K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07530 | −0.112% | $5.8M | $56.5M | 50x | as long as short |
| Bybit NILUSDTlong | +0.0100% | 4h | 0.07538 | long leg | $4.2M | $11.1M | 20x | |
| Gate NIL_USDT | +0.0100% | 4h | 0.07536 | −0.027% | $467K | $1.7M | 50x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07508 | −0.398% | $2.3M | $3.8M | 100x | as long as short |
| Bitget NILUSDT | +0.0100% | 4h | 0.07534 | −0.053% | $2.1M | $6.9M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.07538 | 0.000% | — | $8.1M | — | as long as short |
| Variational Omni NIL | +0.0100% | 4h | 0.07538 | +0.002% | $187K | $251K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07519 | −0.256% | $23K | $189K | 5x | as long as short |
BloFin NIL-USDT
Aster NILUSDT
Binance NILUSDT
Gate NIL_USDT
MEXC NIL_USDT
Bitget NILUSDT
BingX NIL-USDT
Variational Omni NIL
Extended NIL-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NILUSDTMshort | +0.0152% | 4h | 0.07531 | −0.093% | $569K | $565K | 30x | |
| Hyperliquid NIL | +0.1439% | 1h | 0.07556 | +0.243% | $4.9M | $4.6M | 3x | as long as short |
Hyperliquid NIL