Funding you earn now, next payment 20:00 UTC+0.3669%/8hnext payment +$18.35 per $10,000 · paid last 24h +0.331%
Price spread now: Bybit against KuCoin−0.493%7-day average +0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$556as in the Funding arb table
Net, price: spread back to 7d avg − costs−$594as in the Price arb table
costs, in and out, $10k−$5355.347% of the position
Funding, last 7 days−0.213%−$21 on $10k
+Price spread, last 3 days (all we have)+0.647%+$65 · spread now −0.493%, 7d avg +0.096%
=Funding pays, the price is against you. Bybit is 0.589% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.493% now, against its 7-day average of +0.096%). If the spread goes back, that is −$59 on $10k: about 13 hours of funding at the current rate (+$110 a day). Mind the row above: over the last 7 days funding on this pair cost −0.213%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.213% in total (about -11.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$18.35 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 STEEMUSDTM | 0.05677 | 0.0100 | pay 0.0050% / 4h | 30m 06s | $427K | $93K | 30x |
| Short | Bybit STEEMUSDT | 0.05649 | 0.3769 | get 0.1885% / 4h | 30m 06s | $1.3M | $924K | 13x |
KuCoin STEEMUSDTM
Bybit STEEMUSDTFunding 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
- $770.51
- Price spread: −0.493% → +0.096%
- −$58.94
- Slippage, 4 orders
- −$511.74
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $176.82
- Costs to cover
- 5.347%
- Break-even
- 5.4 days
Slippage from KuCoin: live order book, 16 min ago; Bybit: live order book, 8 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, 16 min ago | 8.80 bp | 272.3 bp −$272 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 8 min ago | 1.77 bp | 62.0 bp −$62 | 172.5 bp −$1,725 | doesn't fit | doesn't fit |
STEEM 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster STEEMUSDT | +0.0100% | 4h | 0.05677 | −0.008% | $16K | $9K | 5x | as long as short |
| Binance STEEMUSDT | +0.0100% | 4h | 0.05671 | −0.114% | $2.1M | $3.3M | 25x | as long as short |
| MEXC STEEM_USDT | +0.0100% | 4h | 0.05671 | −0.106% | $357K | $102K | 20x | as long as short |
| KuCoin STEEMUSDTMlong | +0.0100% | 4h | 0.05677 | long leg | $427K | $93K | 30x | |
| Bitget STEEMUSDT | +0.0100% | 4h | 0.05674 | −0.053% | $438K | $223K | 25x | as long as short |
| HTX STEEM-USDT | +0.0100% | 4h | 0.05670 | −0.123% | $40K | $31K | 20x | as long as short |
| Kraken Futures PF_STEEMUSD | +0.0366% | 1h | 0.05681 | +0.066% | $9K | $2K | 10x | as long as short |
| Gate STEEM_USDT | +0.1612% | 4h | 0.05684 | +0.123% | $285K | $111K | 20x | as long as short |
| Variational Omni STEEM | +0.2780% | 4h | 0.05649 | −0.494% | $11K | $146 | — | as long as short |
| BingX STEEM-USDT | +0.3588% | 4h | 0.05668 | −0.159% | — | $1.6M | — | as long as short |
Aster STEEMUSDT
Binance STEEMUSDT
MEXC STEEM_USDT
Bitget STEEMUSDT
HTX STEEM-USDT
Kraken Futures PF_STEEMUSD
Gate STEEM_USDT
Variational Omni STEEM
BingX STEEM-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit STEEMUSDTshort | +0.3769% | 4h | 0.05649 | −0.493% | $1.3M | $924K | 13x |