Settings8H · net · $10k
Funding arb · Price arb /

COST

RWAall COST markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Bybit−0.074%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$811as in the Funding arb table
Net, price: spread back to 7d avg − costs−$829as in the Price arb table
costs, in and out, $10k−$8298.289% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.183%+$18 on $10k
Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.074%, 7d avg −0.068%
Together, before fees+0.222%+$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.068%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit COSTUSDT901.570get 0.0000% / 8h5h 43m$563K$138K25x
ShortKuCoin COSTUSDTM900.900.0100get 0.0100% / 8h5h 43m$48K$1.0M20x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$21
Price spread: −0.074% → −0.068%
−$0.63
Slippage, 4 orders
−$805.85
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$808.48
Costs to cover
8.289%
Break-even
276.5 days
Slippage from Bybit: live order book, 64 min ago; KuCoin: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 64 min ago4.21 bp9.9 bp −$1021.7 bp −$217doesn't fitdoesn't fit
Sell KuCoin live order book, 5 min ago12.19 bp356.1 bp −$356doesn't fitdoesn't fitdoesn't fit

COST on 15 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster COSTUSDT0.0000%8h901.64+0.007%$45K$13320xas long as short
Binance COSTUSDT0.0000%8h901.77+0.022%$1.1M$1.0M20xas long as short
Bybit COSTUSDTlong0.0000%8h901.57long leg$563K$138K25x
OKX COST-USDT-SWAP0.0000%8h902.01+0.049%$445K$125K10xas long as short
Gate COST_USDT0.0000%8h901.570.000%$522K$8K25xas long as short
Bitget COSTUSDT0.0000%8h901.72+0.017%$411K$78K25xas long as short
Variational Omni COST0.0000%8h901.68+0.012%$40K$14Kas long as short
SunX COST-USDT0.0000%8h900.70−0.096%$1K$2.6M10xas long as short
HTX COST-USDT0.0000%8h903.21+0.182%$10K$41K10xas long as short
Injective COST/USDC PERP+0.0033%1h891.98−1.064%$2K$28K12xas long as short
Show all 15 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended COST-USD+0.0040%1h901.25−0.036%10xas long as short
Vest COST-USD-PERP+0.0046%1h901.11−0.051%25xas long as short
tradeXYZ xyz:COST+0.0050%1h900.92−0.072%$1.8M$521K20xas long as short
QFEX COST-USD+0.0064%1h901.41−0.018%$1.1M$2.3M10xas long as short
KuCoin COSTUSDTMshort+0.0100%8h900.90−0.074%$48K$1.0M20x