Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.024%
Price spread now: Bybit against KuCoin−0.021%7-day average +0.052% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1421.418% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 7 days+0.046%+$5 · spread now −0.021%, 7d avg +0.052%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.073% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.052%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin AAPLUSDTM | 339.26 | 0.0100 | pay 0.0100% / 8h | 3h 07m | $1.4M | $38K | 20x |
| Short | Bybit AAPLUSDT | 339.19 | 0 | get 0.0000% / 8h | 3h 07m | $5.8M | $71.4M | 100x |
KuCoin AAPLUSDTM
Bybit AAPLUSDTFunding 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
- −$21
- Price spread: −0.021% → +0.052%
- −$7.29
- Slippage, 4 orders
- −$118.75
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$170.05
- Costs to cover
- 1.418%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Bybit: 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 KuCoin live order book, 3 min ago | 6.64 bp | 51.6 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.15 bp | 6.0 bp −$6 | 8.9 bp −$89 | 37.4 bp −$3,738 | doesn't fit |
AAPL on 33 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX AAPLUSDC | −0.0405% | 4h | 339.17 | −0.027% | $81K | $327K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0104% | 1h | 339.04 | −0.065% | $28K | $67K | 10x | as long as short |
| Nado AAPL-PERP | −0.0096% | 1h | 339.19 | −0.021% | $555K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 339.17 | −0.025% | $121K | $292K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 339.17 | −0.026% | $278K | $1.4M | 10x | as long as short |
| Binance AAPLUSDT | 0.0000% | 8h | 339.22 | −0.013% | $22.0M | $67.1M | 25x | as long as short |
| Bybit AAPLUSDTshort | 0.0000% | 8h | 339.19 | −0.021% | $5.8M | $71.4M | 100x | |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 339.26 | 0.000% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.98 | −0.083% | $3.0M | $4.5M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 339.28 | +0.006% | $6.2M | $3.5M | 100x | as long as short |
edgeX AAPLUSDC
Deribit AAPL_USDC-PERPETUAL
Nado AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
Binance AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 339.27 | +0.004% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 339.29 | +0.008% | $16K | $411K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 339.24 | −0.006% | $784 | $4.6M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 339.36 | +0.029% | $53K | $225K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 339.34 | +0.024% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0027% | 8h | 339.26 | 0.000% | $340K | $168K | 20x | as long as short |
| QFEX AAPL-USD | +0.0030% | 1h | 339.14 | −0.035% | $3.2M | $4.4M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 339.02 | −0.070% | $803K | $2.5M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 339.04 | −0.065% | $939K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 339.07 | −0.056% | $266K | $61K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 339.07 | −0.056% | — | $45K | 25x | as long as short |
| tradeXYZ xyz:AAPL | +0.0050% | 1h | 339.15 | −0.032% | $40.5M | $76.1M | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 339.12 | −0.041% | $278K | $408K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 339.13 | −0.038% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.91 | −0.103% | $1.3M | $2.5M | 20x | as long as short |
| Coinbase International AAPL-PERP-INTX | +0.0096% | 1h | 339.12 | −0.041% | $661K | $656K | 10x | as long as short |
| KuCoin AAPLUSDTMlong | +0.0100% | 8h | 339.26 | long leg | $1.4M | $38K | 20x | |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 339.20 | −0.018% | $947K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 339.12 | −0.041% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 339.15 | −0.033% | $11K | — | 10x | as long as short |
| Hotstuff AAPL-PERP | +0.0120% | 1h | 339.15 | −0.032% | $36K | — | 20x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 339.05 | −0.062% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0236% | 1h | 339.26 | 0.000% | $5K | $11K | 20x | as long as short |
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
tradeXYZ xyz:AAPL
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Coinbase International AAPL-PERP-INTX
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Hotstuff AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL