Funding you earn now, next payment 04:00 UTC−0.0270%/8h= −29.6% APRnext payment −$1.35 per $10,000 · paid last 24h −0.117%
Price spread now: Bybit against KuCoin+0.134%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$460as in the Funding arb table
Net, price: spread back to 7d avg − costs−$429as in the Price arb table
costs, in and out, $10k−$4414.407% of the position
Funding, last 7 days−0.192%−$19 on $10k
+Price spread, last 7 days−0.062%−$6 · spread now +0.134%, 7d avg +0.013%
=The price spread pays, funding is against you. Bybit is 0.121% dearer against KuCoin than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of +0.013%): +$12 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 7 days (−0.192% in total) that is about 4.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PTBUSDTM | 0.001123 | 0.0370 | pay 0.0185% / 4h | 1h 05m | $1.7M | $7.7M | 20x |
| Short | Bybit PTBUSDT | 0.001125 | 0.0100 | get 0.0050% / 4h | 1h 05m | $1.7M | $24.0M | 25x |
KuCoin PTBUSDTM
Bybit PTBUSDTFunding 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
- −$56.7
- Price spread: +0.134% → +0.013%
- $12.1
- Slippage, 4 orders
- −$417.65
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$485.25
- Costs to cover
- 4.407%
- 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 | 8.02 bp | 82.8 bp −$83 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.10 bp | 140.5 bp −$141 | 493.1 bp −$4,931 | doesn't fit | doesn't fit |
PTB on 10 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 PTBUSDTshort | +0.0100% | 4h | 0.001125 | +0.134% | $1.7M | $24.0M | 25x | |
| Variational Omni PTB | +0.0100% | 4h | 0.001124 | +0.101% | $33K | $91K | — | as long as short |
| BloFin PTB-USDT | +0.0122% | 4h | 0.001123 | +0.009% | $476K | $765K | 20x | as long as short |
| Binance PTBUSDT | +0.0170% | 4h | 0.001126 | +0.243% | $8.1M | $152.7M | 20x | as long as short |
| Extended kPTB-USD | +0.0176% | 1h | 0.001125 | +0.181% | $4K | $42K | 5x | as long as short |
| MEXC PTB_USDT | +0.0178% | 4h | 0.001126 | +0.231% | $367K | $1.1M | 20x | as long as short |
| BingX PTB-USDT | +0.0190% | 4h | 0.001126 | +0.223% | — | $2.3M | — | as long as short |
| KuCoin PTBUSDTMlong | +0.0370% | 4h | 0.001123 | long leg | $1.7M | $7.7M | 20x | |
| Aster PTBUSDT | +0.0408% | 4h | 0.001124 | +0.072% | $92K | $935K | 5x | as long as short |
| Gate PTB_USDT | +0.0822% | 4h | 0.001122 | −0.071% | $1.9M | $6.4M | 25x | as long as short |
Variational Omni PTB
BloFin PTB-USDT
Binance PTBUSDT
Extended kPTB-USD
MEXC PTB_USDT
BingX PTB-USDT
Aster PTBUSDT
Gate PTB_USDT