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: Bybit against KuCoin−0.130%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$224as in the Funding arb table
Net, price: spread back to 7d avg − costs−$232as in the Price arb table
costs, in and out, $10k−$2162.162% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 7 days+0.177%+$18 · spread now −0.130%, 7d avg +0.026%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bybit is 0.157% cheaper against KuCoin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.026%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COINUSDTM | 199.74 | 0.0100 | pay 0.0100% / 8h | 6h 57m | $1.0M | $120K | 20x |
| Short | Bybit COINUSDT | 199.48 | 0 | get 0.0000% / 8h | 6h 57m | $5.0M | $5.9M | 50x |
KuCoin COINUSDTM
Bybit COINUSDTFunding 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: −0.130% → +0.026%
- −$15.66
- Slippage, 4 orders
- −$193.2
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$252.86
- Costs to cover
- 2.162%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 min ago; Bybit: 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 KuCoin live order book, 2 min ago | 14.48 bp | 56.9 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.00 bp | 10.3 bp −$10 | 32.7 bp −$327 | 152.5 bp −$15.3K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 199.60 | −0.070% | $44K | $48K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 199.74 | −0.002% | $366K | $840K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 199.43 | −0.158% | $119K | $705K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 199.51 | −0.114% | $15.5M | $75.4M | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 199.48 | −0.130% | $5.0M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 199.55 | −0.095% | $3.2M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 199.76 | +0.010% | $1.3M | $6.7M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 199.63 | −0.055% | $6.8M | $9.1M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 200.23 | +0.245% | $830K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 200.08 | +0.169% | $16K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0028% | 1h | 199.51 | −0.115% | $1.4M | $3.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 199.57 | −0.085% | $426K | $1.4M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 200.13 | +0.195% | $16K | $53K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 199.23 | −0.255% | — | $286K | 25x | as long as short |
| Lighter COIN | +0.0048% | 1h | 199.59 | −0.075% | $397K | $2.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 199.49 | −0.125% | $129K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 199.44 | −0.150% | $103 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 199.87 | +0.065% | $355K | $3.3M | 10x | as long as short |
| KuCoin COINUSDTMlong | +0.0100% | 8h | 199.74 | long leg | $1.0M | $120K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 199.88 | +0.070% | $90K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 199.53 | −0.105% | $577 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 199.40 | −0.172% | $118 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 200.02 | +0.140% | $199K | $375K | 20x | as long as short |
| Phoenix COIN | +0.0237% | 1h | 200.30 | +0.280% | $5K | $250K | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0238% | 1h | 199.51 | −0.115% | $16.4M | $13.1M | 10x | as long as short |
| edgeX COINUSDC | +0.0986% | 4h | 200.01 | +0.134% | $52K | $296K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
Lighter COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
tradeXYZ xyz:COIN
edgeX COINUSDC