Funding you earn now, next payment 12:00 UTC+0.2135%/8h= +233.8% APRnext payment +$10.67 per $10,000 · paid last 24h +0.780%
Price spread now: Bybit against KuCoin−0.176%7-day average −0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$700as in the Funding arb table
Net, price: spread back to 7d avg − costs−$821as in the Price arb table
costs, in and out, $10k−$8158.149% of the position
Funding, last 7 days+1.148%+$115 on $10k
+Price spread, last 4 days (all we have)+0.208%+$21 · spread now −0.176%, 7d avg −0.119%
=Funding pays, the price is against you. Bybit is 0.057% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.176% now, against its 7-day average of −0.119%). If the spread goes back, that is −$6 on $10k: about 2 hours of funding at the current rate (+$64 a day). At the pace of the last 7 days (+1.148% in total) that is about 8 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.148% in total (about 59.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$10.67 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 SLXUSDTM | 0.06825 | 0.0100 | pay 0.0050% / 4h | 3h 22m | $1.0M | $1.6M | 20x |
| Short | Bybit SLXUSDT | 0.06813 | 0.2235 | get 0.1117% / 4h | 3h 22m | $1.0M | $614K | 20x |
KuCoin SLXUSDTM
Bybit SLXUSDTFunding 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
- $448.31
- Price spread: −0.176% → −0.119%
- −$5.71
- Slippage, 4 orders
- −$791.94
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$372.34
- Costs to cover
- 8.149%
- Break-even
- 12.8 days
Slippage from KuCoin: live order book, 4 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, 4 min ago | 2.21 bp | 201.3 bp −$201 | 2452.7 bp −$24.5K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.69 bp | 86.7 bp −$87 | doesn't fit | doesn't fit | doesn't fit |
SLX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SLXUSDTMlong | +0.0100% | 4h | 0.06825 | long leg | $1.0M | $1.6M | 20x | |
| Bitget SLXUSDT | +0.0100% | 4h | 0.06805 | −0.293% | $1.1M | $394K | 20x | as long as short |
| SunX SLX-USDT | +0.0100% | 4h | 0.06838 | +0.190% | $1K | $527K | 20x | as long as short |
| OKX SLX-USDT-SWAP | +0.0141% | 4h | 0.06828 | +0.044% | $1.8M | $2.1M | 20x | as long as short |
| BloFin SLX-USDT | +0.0270% | 4h | 0.06820 | −0.073% | $168K | $8K | 25x | as long as short |
| MEXC SLX_USDT | +0.0322% | 4h | 0.06820 | −0.073% | $1.8M | $274K | 20x | as long as short |
| Binance SLXUSDT | +0.0333% | 4h | 0.06826 | +0.015% | $2.6M | $3.7M | 25x | as long as short |
| Gate SLX_USDT | +0.0420% | 4h | 0.06826 | +0.015% | $325K | $781K | 25x | as long as short |
| Aster SLXUSDT | +0.0702% | 4h | 0.06816 | −0.138% | $19K | $35K | 10x | as long as short |
| BingX SLX-USDT | +0.1962% | 4h | 0.06815 | −0.147% | — | $1.7M | — | as long as short |
Bitget SLXUSDT
SunX SLX-USDT
OKX SLX-USDT-SWAP
BloFin SLX-USDT
MEXC SLX_USDT
Binance SLXUSDT
Gate SLX_USDT
Aster SLXUSDT
BingX SLX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SLXUSDTshort | +0.2235% | 4h | 0.06813 | −0.176% | $1.0M | $614K | 20x |