Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.014%
Price spread now: KuCoin against Bybit−0.021%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$620.618% of the position
Funding, last 7 days+0.027%+$3 on $10k
+Price spread, last 7 days+0.009%+$1 · spread now −0.021%, 7d avg −0.053%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.032% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AAPLUSDT | 339.59 | 0 | get 0.0000% / 8h | 5h 27m | $6.7M | $282.8M | 100x |
| Short | KuCoin AAPLUSDTM | 339.52 | 0.0100 | get 0.0100% / 8h | 5h 27m | $1.4M | $172K | 20x |
Bybit AAPLUSDT
KuCoin AAPLUSDTMFunding 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
- $21
- Price spread: −0.021% → −0.053%
- $3.25
- Slippage, 4 orders
- −$38.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$37.6
- Costs to cover
- 0.618%
- Break-even
- 19.5 days
Slippage from Bybit: live order book, 5 min ago; KuCoin: live order book, 1 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, 5 min ago | 0.15 bp | 6.0 bp −$6 | 7.3 bp −$73 | 14.2 bp −$1,420 | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 5.74 bp | 31.5 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
AAPL on 33 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff AAPL-PERP | −0.1600% | 1h | 339.45 | −0.041% | $36K | — | 20x | as long as short |
| edgeX AAPLUSDC | −0.0753% | 4h | 339.62 | +0.008% | $81K | $326K | 20x | as long as short |
| BloFin AAPL-USDT | −0.0022% | 8h | 339.64 | +0.015% | $350K | $165K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.62 | +0.008% | $121K | $295K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.54 | −0.016% | $285K | $2.1M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.65 | +0.018% | $22.2M | $67.0M | 25x | as long as short |
| Bybit AAPLUSDTlong | 0.0000% | 8h | 339.59 | long leg | $6.7M | $282.8M | 100x | |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.59 | 0.000% | $6.3M | $6.7M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 339.50 | −0.027% | $3.0M | $7.3M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.62 | +0.009% | $6.2M | $3.5M | 100x | as long as short |
Hotstuff AAPL-PERP
edgeX AAPLUSDC
BloFin AAPL-USDT
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDTShow all 33 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 339.70 | +0.034% | $2.5M | $1.3M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.62 | +0.009% | $16K | $332K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.66 | +0.021% | $486 | $4.1M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.71 | +0.035% | $62K | $242K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.70 | +0.032% | $2.1M | $7K | 10x | as long as short |
| QFEX AAPL-USD | +0.0026% | 1h | 339.62 | +0.009% | $3.3M | $4.2M | 10x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.59 | 0.000% | $1.0M | $3.2M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.47 | −0.035% | $267K | $51K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.41 | −0.053% | — | $45K | 25x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.51 | −0.024% | $279K | $347K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.50 | −0.027% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 339.39 | −0.059% | $1.3M | $2.2M | 20x | as long as short |
| Nado AAPL-PERP | +0.0055% | 1h | 339.49 | −0.028% | $556K | $28K | 20x | as long as short |
| Lighter AAPL | +0.0080% | 1h | 339.62 | +0.008% | $926K | $2.5M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0080% | 1h | 339.77 | +0.053% | $660K | $641K | 10x | as long as short |
| KuCoin AAPLUSDTMshort | +0.0100% | 8h | 339.52 | −0.021% | $1.4M | $172K | 20x | |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.45 | −0.041% | $948K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.52 | −0.021% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.51 | −0.022% | $11K | $102 | 10x | as long as short |
| tradeXYZ xyz:AAPL | +0.0111% | 1h | 339.51 | −0.024% | $40.5M | $76.6M | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | +0.0133% | 1h | 339.58 | −0.003% | $28K | $69K | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.98 | +0.115% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0235% | 1h | 339.73 | +0.041% | $5K | $12K | 20x | as long as short |
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
QFEX AAPL-USD
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Nado AAPL-PERP
Lighter AAPL
Coinbase International AAPL-PERP-INTX
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
tradeXYZ xyz:AAPL
Deribit AAPL_USDC-PERPETUAL
Injective AAPL/USDC PERP
Phoenix AAPL