Funding you earn now, next payment 04:00 UTC−0.0554%/8h= −60.7% APRnext payment −$2.77 per $10,000 · paid last 24h +0.052%
Price spread now: KuCoin against Bitget−0.196%7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$202as in the Funding arb table
Net, price: spread back to 7d avg − costs−$277as in the Price arb table
costs, in and out, $10k−$2682.679% of the position
Funding, last 7 days+0.655%+$65 on $10k
+Price spread, last 7 days+0.066%+$7 · spread now −0.196%, 7d avg −0.099%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and KuCoin is 0.096% cheaper against Bitget than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.099%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.655%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BTWUSDT | 0.8308 | 0.0654 | pay 0.0327% / 4h | 1m 31s | $26.1M | $15.2M | 5x |
| Short | KuCoin BTWUSDTM | 0.8292 | 0.0100 | get 0.0050% / 4h | 1m 31s | $7.4M | $4.9M | 10x |
Bitget BTWUSDT
KuCoin BTWUSDTMFunding 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
- −$116.34
- Price spread: −0.196% → −0.099%
- −$9.64
- Slippage, 4 orders
- −$243.86
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$393.84
- Costs to cover
- 2.679%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 6 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, 2 min ago | 7.14 bp | 34.9 bp −$35 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 17.41 bp | 133.7 bp −$134 | doesn't fit | doesn't fit | doesn't fit |
BTW 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 BTW_USDT | +0.0100% | 4h | 0.8282 | −0.317% | $3.4M | $17.9M | 10x | as long as short |
| KuCoin BTWUSDTMshort | +0.0100% | 4h | 0.8292 | −0.196% | $7.4M | $4.9M | 10x | |
| HTX BTW-USDT | +0.0100% | 4h | 0.8280 | −0.343% | $211K | $786K | 10x | as long as short |
| Bybit BTWUSDT | +0.0232% | 4h | 0.8289 | −0.239% | $16.1M | $41.7M | 10x | as long as short |
| Bitget BTWUSDTlong | +0.0654% | 4h | 0.8308 | long leg | $26.1M | $15.2M | 5x | |
| Aster BTWUSDT | +0.0773% | 4h | 0.8279 | −0.355% | $2.3M | $3.2M | 5x | as long as short |
| BingX BTW-USDT | +0.0950% | 4h | 0.8307 | −0.018% | — | $4.4M | — | as long as short |
| edgeX BTWUSDC | +0.0998% | 4h | 0.8298 | −0.129% | $342K | $505K | 10x | as long as short |
| Binance BTWUSDT | +0.0998% | 4h | 0.8300 | −0.099% | $115.7M | $181.0M | 10x | as long as short |
| Extended BTW-USD | +0.1000% | 1h | 0.8299 | −0.119% | $36K | $15K | 5x | as long as short |
Gate BTW_USDT
HTX BTW-USDT
Bybit BTWUSDT
Aster BTWUSDT
BingX BTW-USDT
edgeX BTWUSDC
Binance BTWUSDT
Extended BTW-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BTW_USDT | +0.1002% | 4h | 0.8309 | +0.006% | $9.6M | $6.5M | 20x | as long as short |
MEXC BTW_USDT