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: Bybit against KuCoin−0.038%7-day average +0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$478as in the Funding arb table
Net, price: spread back to 7d avg − costs−$466as in the Price arb table
costs, in and out, $10k−$4614.606% of the position
Funding, last 7 days−0.169%−$17 on $10k
+Price spread, last 4 days (all we have)−0.162%−$16 · spread now −0.038%, 7d avg +0.018%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.056% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin AXTIUSDTM | 79.760 | 0.0100 | pay 0.0100% / 8h | 3h 14m | $626K | $506K | 20x |
| Short | Bybit AXTIUSDT | 79.730 | 0 | get 0.0000% / 8h | 3h 14m | $1.9M | $1.3M | 25x |
KuCoin AXTIUSDTM
Bybit AXTIUSDTFunding 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: −0.038% → +0.018%
- −$5.58
- Slippage, 4 orders
- −$437.62
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$487.2
- Costs to cover
- 4.606%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 60 min ago; Bybit: live order book, 3 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, 60 min ago | 3.09 bp | 233.6 bp −$234 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.51 bp | 15.7 bp −$16 | 163.1 bp −$1,631 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget AXTIUSDT | −0.0610% | 8h | 79.790 | +0.038% | $1.7M | $3.2M | 20x | as long as short |
| Aster AXTIUSDT | 0.0000% | 8h | 79.775 | +0.018% | $8K | $124K | 20x | as long as short |
| Extended AXTI-USD | 0.0000% | 1h | 79.727 | −0.041% | $9K | $209K | 10x | as long as short |
| Binance AXTIUSDT | 0.0000% | 8h | 79.749 | −0.014% | $8.5M | $32.3M | 20x | as long as short |
| Bybit AXTIUSDTshort | 0.0000% | 8h | 79.730 | −0.038% | $1.9M | $1.3M | 25x | |
| OKX AXTI-USDT-SWAP | 0.0000% | 8h | 79.730 | −0.038% | $2.8M | $10.1M | 20x | as long as short |
| Gate AXTI_USDT | 0.0000% | 8h | 79.730 | −0.038% | $2.2M | $5.1M | 50x | as long as short |
| GRVT AXTI_USDT_Perp | 0.0000% | 8h | 79.840 | +0.100% | $432 | $190K | 10x | as long as short |
| SunX AXTI-USDT | 0.0000% | 8h | 79.740 | −0.025% | $894 | $980K | 10x | as long as short |
| HTX AXTI-USDT | 0.0000% | 8h | 79.870 | +0.138% | $20K | $40K | 20x | as long as short |
Bitget AXTIUSDT
Aster AXTIUSDT
Extended AXTI-USD
Binance AXTIUSDT
OKX AXTI-USDT-SWAP
Gate AXTI_USDT
GRVT AXTI_USDT_Perp
SunX AXTI-USDT
HTX AXTI-USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX AXTI-USD | +0.0005% | 1h | 79.770 | +0.013% | $1.1M | $2.0M | 10x | as long as short |
| Lighter AXTI | +0.0032% | 1h | 79.760 | 0.000% | — | — | 10x | as long as short |
| KuCoin AXTIUSDTMlong | +0.0100% | 8h | 79.760 | long leg | $626K | $506K | 20x | |
| Aevo AXTI-PERP | +0.0104% | 1h | 79.762 | +0.003% | — | — | 10x | as long as short |
QFEX AXTI-USD
Lighter AXTI
Aevo AXTI-PERP