Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Bybit+0.025%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$440as in the Funding arb table
Net, price: spread back to 7d avg − costs−$452as in the Price arb table
costs, in and out, $10k−$4574.566% of the position
Funding, last 7 days+0.169%+$17 on $10k
+Price spread, last 4 days (all we have)+0.095%+$9 · spread now +0.025%, 7d avg −0.018%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.043% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit AXTIUSDT | 80.680 | 0 | get 0.0000% / 8h | 6h 33m | $1.9M | $1.3M | 25x |
| Short | KuCoin AXTIUSDTM | 80.700 | 0.0100 | get 0.0100% / 8h | 6h 33m | $634K | $384K | 20x |
Bybit AXTIUSDT
KuCoin AXTIUSDTMFunding 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: +0.025% → −0.018%
- $4.28
- Slippage, 4 orders
- −$433.56
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$431.28
- Costs to cover
- 4.566%
- Break-even
- 150.8 days
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 4 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, 3 min ago | 4.96 bp | 23.2 bp −$23 | 172.3 bp −$1,723 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 16.12 bp | 202.3 bp −$202 | doesn't fit | doesn't fit | doesn't fit |
AXTI on 14 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 AXTIUSDT | 0.0000% | 8h | 80.689 | +0.011% | $8K | $124K | 20x | as long as short |
| Bybit AXTIUSDTlong | 0.0000% | 8h | 80.680 | long leg | $1.9M | $1.3M | 25x | |
| OKX AXTI-USDT-SWAP | 0.0000% | 8h | 80.700 | +0.025% | $2.7M | $10.2M | 20x | as long as short |
| Gate AXTI_USDT | 0.0000% | 8h | 80.690 | +0.012% | $2.3M | $5.0M | 50x | as long as short |
| Bitget AXTIUSDT | 0.0000% | 8h | 80.740 | +0.074% | $1.7M | $3.2M | 20x | as long as short |
| GRVT AXTI_USDT_Perp | 0.0000% | 8h | 80.665 | −0.018% | $61 | $171K | 10x | as long as short |
| SunX AXTI-USDT | 0.0000% | 8h | 80.640 | −0.050% | $1K | $1.1M | 10x | as long as short |
| HTX AXTI-USDT | 0.0000% | 8h | 80.670 | −0.012% | $20K | $40K | 20x | as long as short |
| QFEX AXTI-USD | +0.0015% | 1h | 80.750 | +0.087% | $1.1M | $2.8M | 10x | as long as short |
| Lighter AXTI | +0.0032% | 1h | 80.670 | −0.012% | — | — | 10x | as long as short |
Aster AXTIUSDT
OKX AXTI-USDT-SWAP
Gate AXTI_USDT
Bitget AXTIUSDT
GRVT AXTI_USDT_Perp
SunX AXTI-USDT
HTX AXTI-USDT
QFEX AXTI-USD
Lighter AXTIShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended AXTI-USD | +0.0064% | 1h | 80.689 | +0.011% | $7K | $208K | 10x | as long as short |
| Binance AXTIUSDT | +0.0066% | 8h | 80.721 | +0.051% | $9.0M | $33.2M | 20x | as long as short |
| KuCoin AXTIUSDTMshort | +0.0100% | 8h | 80.700 | +0.025% | $634K | $384K | 20x | |
| Aevo AXTI-PERP | +0.0104% | 1h | 80.673 | −0.009% | — | — | 10x | as long as short |
Extended AXTI-USD
Binance AXTIUSDT
Aevo AXTI-PERP