Funding you earn now, next payment 04:00 UTC−0.0778%/8h= −85.2% APRnext payment −$3.89 per $10,000 · paid last 24h −0.088%
Price spread now: Bybit against KuCoin−0.008%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as in the Price arb table
costs, in and out, $10k−$1481.479% of the position
Funding, last 7 days−0.451%−$45 on $10k
+Price spread, last 7 days−0.105%−$10 · spread now −0.008%, 7d avg −0.031%
=The price spread pays, funding is against you. Bybit is 0.023% dearer against KuCoin than usual: you sell high and buy low (spread −0.008% now, against its 7-day average of −0.031%): +$2 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.451% in total) that is about 9 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.451% in total (about -23.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.89 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PIEVERSEUSDTM | 1.8454 | 0.0878 | pay 0.0439% / 4h | 1h 03m | $14.0M | $2.4M | 20x |
| Short | Bybit PIEVERSEUSDT | 1.8452 | 0.0100 | get 0.0050% / 4h | 1h 03m | $11.0M | $10.7M | 20x |
KuCoin PIEVERSEUSDTM
Bybit PIEVERSEUSDTFunding 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
- −$163.38
- Price spread: −0.008% → −0.031%
- $2.31
- Slippage, 4 orders
- −$124.91
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$308.98
- Costs to cover
- 1.479%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Bybit: live order book, 4 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, 5 min ago | 8.71 bp | 23.4 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.01 bp | 49.2 bp −$49 | 257.7 bp −$2,577 | doesn't fit | doesn't fit |
PIEVERSE on 14 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 PIEVERSEUSDTshort | +0.0100% | 4h | 1.8452 | −0.008% | $11.0M | $10.7M | 20x | |
| Gate PIEVERSE_USDT | +0.0100% | 8h | 1.8421 | −0.178% | $8.4M | $3.4M | 25x | as long as short |
| Bitget PIEVERSEUSDT | +0.0100% | 4h | 1.8434 | −0.106% | $4.0M | $2.2M | 10x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8400 | −0.292% | $49K | $10K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8370 | −0.454% | $1K | $675K | 20x | as long as short |
| OKX PIEVERSE-USDT-SWAP | +0.0439% | 4h | 1.8467 | +0.072% | $7.3M | $18.1M | 20x | as long as short |
| BingX PIEVERSE-USDT | +0.0462% | 4h | 1.8462 | +0.044% | — | $7.1M | — | as long as short |
| Binance PIEVERSEUSDT | +0.0485% | 4h | 1.8429 | −0.134% | $21.8M | $27.0M | 20x | as long as short |
| Extended PIEVERSE-USD | +0.0488% | 1h | 1.8461 | +0.038% | $41K | $251K | 5x | as long as short |
| MEXC PIEVERSE_USDT | +0.0488% | 4h | 1.8452 | −0.010% | $2.6M | $856K | 20x | as long as short |
Gate PIEVERSE_USDT
Bitget PIEVERSEUSDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
OKX PIEVERSE-USDT-SWAP
BingX PIEVERSE-USDT
Binance PIEVERSEUSDT
Extended PIEVERSE-USD
MEXC PIEVERSE_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX PIEVERSEUSDC | +0.0505% | 4h | 1.8331 | −0.663% | $37K | $433K | 10x | as long as short |
| BloFin PIEVERSE-USDT | +0.0513% | 4h | 1.8378 | −0.411% | $1.1M | $2.3M | 40x | as long as short |
| Aster PIEVERSEUSDT | +0.0728% | 4h | 1.8417 | −0.202% | $168K | $253K | 5x | as long as short |
| KuCoin PIEVERSEUSDTMlong | +0.0878% | 4h | 1.8454 | long leg | $14.0M | $2.4M | 20x |
edgeX PIEVERSEUSDC
BloFin PIEVERSE-USDT
Aster PIEVERSEUSDT