Funding you earn now, next payment 12:00 UTC+0.0500%/8h= +54.7% APRnext payment +$2.50 per $10,000 · paid last 24h +0.023%
Price spread now: Bitget against KuCoin+0.147%7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$331as in the Funding arb table
Net, price: spread back to 7d avg − costs−$278as in the Price arb table
costs, in and out, $10k−$2822.822% of the position
Funding, last 7 days−0.485%−$49 on $10k
+Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.147%, 7d avg +0.104%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Bitget is 0.042% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.104%. Mind the row above: over the last 7 days funding on this pair cost −0.485%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BTWUSDTM | 0.8130 | 0.0100 | pay 0.0050% / 4h | 3h 39m | $7.2M | $4.7M | 10x |
| Short | Bitget BTWUSDT | 0.8142 | 0.0600 | get 0.0300% / 4h | 3h 39m | $25.6M | $14.7M | 5x |
KuCoin BTWUSDTM
Bitget BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $105
- Price spread: +0.147% → +0.104%
- $4.23
- Slippage, 4 orders
- −$258.16
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$172.94
- Costs to cover
- 2.822%
- Break-even
- 18.5 days
Slippage from KuCoin: live order book, 9 min ago; Bitget: live order book, 4 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, 9 min ago | 8.53 bp | 62.4 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 7.53 bp | 27.4 bp −$27 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BTWUSDT | +0.0100% | 4h | 0.8124 | −0.067% | $15.7M | $39.7M | 10x | as long as short |
| KuCoin BTWUSDTMlong | +0.0100% | 4h | 0.8130 | long leg | $7.2M | $4.7M | 10x | |
| HTX BTW-USDT | +0.0100% | 4h | 0.8159 | +0.357% | $214K | $732K | 10x | as long as short |
| Gate BTW_USDT | +0.0482% | 4h | 0.8125 | −0.062% | $3.3M | $17.2M | 10x | as long as short |
| Bitget BTWUSDTshort | +0.0600% | 4h | 0.8142 | +0.147% | $25.6M | $14.7M | 5x | |
| Aster BTWUSDT | +0.0858% | 4h | 0.8134 | +0.052% | $2.3M | $3.3M | 5x | as long as short |
| BingX BTW-USDT | +0.0876% | 4h | 0.8127 | −0.034% | — | $4.0M | — | as long as short |
| Binance BTWUSDT | +0.0891% | 4h | 0.8131 | +0.015% | $112.9M | $174.0M | 10x | as long as short |
| Extended BTW-USD | +0.0896% | 1h | 0.8132 | +0.025% | $35K | $15K | 5x | as long as short |
| MEXC BTW_USDT | +0.0896% | 4h | 0.8131 | +0.015% | $9.0M | $6.3M | 20x | as long as short |
Bybit BTWUSDT
HTX BTW-USDT
Gate BTW_USDT
Aster BTWUSDT
BingX BTW-USDT
Binance BTWUSDT
Extended BTW-USD
MEXC BTW_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.0906% | 4h | 0.8135 | +0.070% | $354K | $509K | 10x | as long as short |
edgeX BTWUSDC