Funding you earn now, next payment 16:00 UTC−0.0430%/8h= −47.1% APRnext payment −$4.30 per $10,000 · paid last 24h −0.028%
Price spread now: KuCoin against Bybit+0.164%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$766as in the Funding arb table
Net, price: spread back to 7d avg − costs−$741as in the Price arb table
costs, in and out, $10k−$7507.502% of the position
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 4 days (all we have)−0.108%−$11 · spread now +0.164%, 7d avg +0.070%
=The price spread pays, funding is against you. KuCoin is 0.094% dearer against Bybit than usual: you sell high and buy low (spread +0.164% now, against its 7-day average of +0.070%): +$9 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.157% in total) that is about 4.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.157% in total (about -8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.30 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit KSTRUSDT | 24.410 | 0 | get 0.0000% / 8h | 4h 57m | $307K | $477K | 25x |
| Short | KuCoin KSTRUSDTM | 24.450 | −0.0430 | pay 0.0430% / 8h | 4h 57m | $27K | $346K | 20x |
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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$90.3
- Price spread: +0.164% → +0.070%
- $9.42
- Slippage, 4 orders
- −$727.19
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$831.08
- Costs to cover
- 7.502%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 41 min ago; KuCoin: live order book, 37 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, 41 min ago | 2.05 bp | 79.3 bp −$79 | 219.2 bp −$2,192 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 37 min ago | 28.58 bp | 276.9 bp −$277 | doesn't fit | doesn't fit | doesn't fit |
KSTR on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin KSTRUSDTMshort | −0.0430% | 8h | 24.450 | +0.164% | $27K | $346K | 20x | |
| Aster KSTRUSDT | 0.0000% | 8h | 24.452 | +0.173% | $6K | $8K | 20x | as long as short |
| Binance KSTRUSDT | 0.0000% | 8h | 24.470 | +0.246% | $1.8M | $1.9M | 25x | as long as short |
| Bybit KSTRUSDTlong | 0.0000% | 8h | 24.410 | long leg | $307K | $477K | 25x | |
| Gate KSTR_USDT | 0.0000% | 8h | 24.480 | +0.287% | $373K | $390K | 20x | as long as short |
| MEXC KSTR_USDT | 0.0000% | 8h | 24.490 | +0.328% | $432K | $80K | 50x | as long as short |
| Bitget KSTRUSDT | 0.0000% | 8h | 24.505 | +0.389% | $523K | $243K | 20x | as long as short |
| Variational Omni KSTR | 0.0000% | 8h | 24.494 | +0.342% | $95K | $10K | — | as long as short |
| Phemex KSTRUSDT | 0.0000% | 8h | 24.470 | +0.246% | $1.5M | $149K | 10x | as long as short |
| HTX KSTR-USDT | +0.0100% | 8h | 24.480 | +0.287% | $8K | $4K | 10x | as long as short |
Show all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT KSTR_USDT_Perp | +0.0312% | 8h | 24.508 | +0.403% | $273 | $106K | 10x | as long as short |
| tradeXYZ xyz:KSTR | +0.1658% | 1h | 24.455 | +0.184% | $18K | $6K | 10x | as long as short |
Bybit KSTRUSDT
KuCoin KSTRUSDTM
Aster KSTRUSDT
Binance KSTRUSDT
Gate KSTR_USDT
MEXC KSTR_USDT
Bitget KSTRUSDT
Variational Omni KSTR
Phemex KSTRUSDT
HTX KSTR-USDT
GRVT KSTR_USDT_Perp
tradeXYZ xyz:KSTR