Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Bybit+0.026%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$358as in the Funding arb table
Net, price: spread back to 7d avg − costs−$370as in the Price arb table
costs, in and out, $10k−$3633.630% of the position
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.026%, 7d avg +0.092%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.067% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.092%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit WUSDT | 0.01174 | 0.0100 | pay 0.0050% / 4h | 36m 12s | $4.1M | $1.6M | 50x |
| Short | KuCoin WUSDTM | 0.01174 | 0.0100 | get 0.0050% / 4h | 36m 12s | $386K | $192K | 50x |
Bybit WUSDT
KuCoin WUSDTMFunding 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
- $0
- Price spread: +0.026% → +0.092%
- −$6.67
- Slippage, 4 orders
- −$339.97
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$369.64
- Costs to cover
- 3.630%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; KuCoin: live order book, 67 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, 1 min ago | 6.82 bp | 37.9 bp −$38 | 176.4 bp −$1,764 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 67 min ago | 12.56 bp | 137.0 bp −$137 | 392.5 bp −$3,925 | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0005% | 1h | 0.01176 | +0.204% | $14K | $4K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +3.008% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01176 | +0.196% | $2.0M | $272K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01176 | +0.204% | $3.0M | $5.2M | 50x | as long as short |
| Bybit WUSDTlong | +0.0100% | 4h | 0.01174 | long leg | $4.1M | $1.6M | 50x | |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01174 | +0.034% | $1.3M | $1.5M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01174 | +0.034% | $427K | $233K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01175 | +0.153% | $12.3M | $1.4M | 50x | as long as short |
| KuCoin WUSDTMshort | +0.0100% | 4h | 0.01174 | +0.026% | $386K | $192K | 50x | |
| Bitget WUSDT | +0.0100% | 4h | 0.01175 | +0.111% | $1.3M | $568K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01175 | +0.111% | — | $6.7M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01178 | +0.332% | $46K | $52K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01178 | +0.334% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01179 | +0.452% | $126K | $378K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01176 | +0.175% | $59K | $361K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0384% | 1h | 0.01186 | +1.039% | $13K | $13K | 50x | as long as short |
| Kraken Futures PF_WUSD | +0.1324% | 1h | 0.01178 | +0.324% | $147K | $56K | 20x | as long as short |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Kraken Futures PF_WUSD