Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.029%
Price spread now: KuCoin against Bybit−0.153%7-day average −0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$171as in the Price arb table
costs, in and out, $10k−$1581.580% of the position
Funding, last 7 days+0.077%+$8 on $10k
+Price spread, last 7 days−0.004%$0 · spread now −0.153%, 7d avg −0.025%
=Funding pays, the price is against you. KuCoin is 0.127% cheaper against Bybit than usual: you would sell low and buy high (spread −0.153% now, against its 7-day average of −0.025%). If the spread goes back, that is −$13 on $10k: about 4.2 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.077% in total) that is about 12 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit COINUSDT | 196.52 | 0 | get 0.0000% / 8h | 2h 10m | $4.7M | $6.3M | 50x |
| Short | KuCoin COINUSDTM | 196.22 | 0.0100 | get 0.0100% / 8h | 2h 10m | $989K | $143K | 20x |
Bybit COINUSDT
KuCoin COINUSDTMFunding 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: −0.153% → −0.025%
- −$12.73
- Slippage, 4 orders
- −$135.04
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$149.78
- Costs to cover
- 1.580%
- Break-even
- 56.9 days
Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 9 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 | 0.25 bp | 6.0 bp −$6 | 23.5 bp −$235 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 18.42 bp | 37.5 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
COIN on 26 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 COINUSDT | −0.0813% | 8h | 196.68 | +0.081% | $6.4M | $10.7M | 20x | as long as short |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.17 | −0.178% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0110% | 1h | 195.86 | −0.336% | — | $289K | 25x | as long as short |
| Gate COIN_USDT | −0.0076% | 8h | 196.68 | +0.081% | $1.2M | $7.4M | 50x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.38 | −0.070% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.46 | −0.028% | $112K | $854K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.52 | +0.002% | $15.1M | $82.6M | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 196.52 | long leg | $4.7M | $6.3M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.60 | +0.041% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.45 | −0.038% | $713K | $961K | — | as long as short |
Bitget COINUSDT
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Gate COIN_USDT
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.99 | −0.270% | $11K | $2.6M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.44 | −0.041% | $458K | $1.5M | 10x | as long as short |
| QFEX COIN-USD | +0.0038% | 1h | 196.47 | −0.025% | $1.3M | $3.0M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.27 | −0.127% | $15K | $54K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.37 | −0.076% | $15.3M | $13.9M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.36 | −0.081% | $128K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.53 | +0.005% | $93 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.29 | −0.117% | $450K | $2.9M | 10x | as long as short |
| Phoenix COIN | +0.0082% | 1h | 195.83 | −0.351% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0094% | 4h | 196.19 | −0.166% | $51K | $294K | 10x | as long as short |
| KuCoin COINUSDTMshort | +0.0100% | 8h | 196.22 | −0.153% | $989K | $143K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.02 | −0.254% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.53 | +0.005% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.53 | +0.005% | $116 | — | 10x | as long as short |
| Lighter COIN | +0.0112% | 1h | 196.49 | −0.014% | $380K | $2.3M | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.51 | −0.005% | $187K | $421K | 20x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
edgeX COINUSDC
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Lighter COIN
BloFin COIN-USDT