Funding you earn now, next payment 08:00 UTC−0.0138%/8h= −15.1% APRnext payment −$1.38 per $10,000 · paid last 24h −0.038%
Price spread now: KuCoin against Bybit−0.104%7-day average −0.066% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$370.369% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 7 days+0.047%+$5 · spread now −0.104%, 7d avg −0.066%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.038% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.066%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USDCUSDT | 1.0001 | 0 | get 0.0000% / 8h | 4h 14m | $9.5M | $345K | 50x |
| Short | KuCoin USDCUSDTM | 0.9991 | −0.0138 | pay 0.0138% / 8h | 4h 14m | $2.5M | $20K | 30x |
Bybit USDCUSDT
KuCoin USDCUSDTMFunding 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
- −$28.98
- Price spread: −0.104% → −0.066%
- −$3.84
- Slippage, 4 orders
- −$13.86
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$69.68
- Costs to cover
- 0.369%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; KuCoin: live order book, 2 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, 4 min ago | 0.50 bp | 6.0 bp −$6 | 7.9 bp −$79 | 448.5 bp −$44.8K | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 4.50 bp | 14.4 bp −$14 | 376.7 bp −$3,767 | doesn't fit | doesn't fit |
USDC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDT | −0.0146% | 8h | 0.9996 | −0.053% | $4.7M | $4.5M | 50x | as long as short |
| MEXC USDC_USDT | −0.0146% | 8h | 0.9996 | −0.052% | $20.8M | $743K | 200x | as long as short |
| KuCoin USDCUSDTMshort | −0.0138% | 8h | 0.9991 | −0.104% | $2.5M | $20K | 30x | |
| Bitget USDCUSDT | −0.0134% | 8h | 0.9996 | −0.050% | $4.3M | $16K | 50x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0097% | 1h | 0.9997 | −0.036% | $14K | $924 | 50x | as long as short |
| Bybit USDCUSDTlong | 0.0000% | 8h | 1.0001 | long leg | $9.5M | $345K | 50x | |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | −0.011% | $1.1M | $43K | 50x | as long as short |
| Gate USDC_USDT | +0.0043% | 8h | 0.9992 | −0.090% | $253K | $40K | 50x | as long as short |
Binance USDCUSDT
MEXC USDC_USDT
Bitget USDCUSDT
Kraken Futures PF_USDCUSD
OKX USDC-USDT-SWAP
Gate USDC_USDT