Funding you earn now, next payment 00:00 UTC−0.0802%/8h= −87.8% APRnext payment −$4.01 per $10,000 · paid last 24h +0.039%
Price spread now: KuCoin against Bitget−0.074%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,081as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,097as in the Price arb table
costs, in and out, $10k−$1,08810.877% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 7 days+0.095%+$10 · spread now −0.074%, 7d avg +0.014%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and KuCoin is 0.088% cheaper against Bitget than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.014%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.063%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.063% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.01 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BUSDT | 0.2032 | 0.1236 | pay 0.0618% / 4h | 8m 00s | $2.8M | $239K | 10x |
| Short | KuCoin BUSDTM | 0.2031 | 0.0434 | get 0.0217% / 4h | 8m 00s | $1.9M | $71K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- −$168.42
- Price spread: −0.074% → +0.014%
- −$8.82
- Slippage, 4 orders
- −$1,063.74
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,264.98
- Costs to cover
- 10.877%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; KuCoin: 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 Bitget live order book, 4 min ago | 7.38 bp | 25.9 bp −$26 | 271.6 bp −$2,716 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 12.56 bp | 516.6 bp −$517 | doesn't fit | doesn't fit | doesn't fit |
B on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate B_USDT | +0.0100% | 4h | 0.2031 | −0.049% | $3.5M | $600K | 20x | as long as short |
| KuCoin BUSDTMshort | +0.0434% | 4h | 0.2031 | −0.074% | $1.9M | $71K | 10x | |
| Bybit BUSDT | +0.0697% | 4h | 0.2030 | −0.094% | $1.7M | $969K | 13x | as long as short |
| edgeX BUSDC | +0.0741% | 4h | 0.2034 | +0.109% | $3K | $389K | 5x | as long as short |
| MEXC B_USDT | +0.0754% | 4h | 0.2032 | 0.000% | $979K | $352K | 100x | as long as short |
| Binance BUSDT | +0.0759% | 4h | 0.2033 | +0.027% | $11.7M | $2.0M | 20x | as long as short |
| Extended B-USD | +0.0760% | 1h | 0.2032 | +0.006% | $15K | $117K | 5x | as long as short |
| BloFin B-USDT | +0.0813% | 4h | 0.2035 | +0.148% | $597K | $39K | 20x | as long as short |
| BingX B-USDT | +0.1156% | 4h | 0.2033 | +0.049% | — | $1.2M | — | as long as short |
| Bitget BUSDTlong | +0.1236% | 4h | 0.2032 | long leg | $2.8M | $239K | 10x |
Show all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BUSDT | +0.1456% | 4h | 0.2034 | +0.119% | $1.9M | $211K | 5x | as long as short |
Bitget BUSDT
KuCoin BUSDTM
Gate B_USDT
Bybit BUSDT
edgeX BUSDC
MEXC B_USDT
Binance BUSDT
Extended B-USD
BloFin B-USDT
BingX B-USDT
Aster BUSDT