Funding you earn now, next payment 04:00 UTC−0.0328%/8h= −35.9% APRnext payment −$1.64 per $10,000 · paid last 24h −0.095%
Price spread now: KuCoin against Bitget−0.065%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1641.635% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 7 days+0.030%+$3 · spread now −0.065%, 7d avg +0.019%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and KuCoin is 0.084% cheaper against Bitget than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.019%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.193%, 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 0.193% in total (about 10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.64 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 CAPUSDT | 0.04646 | 0.0100 | pay 0.0050% / 4h | 30m 30s | $1.0M | $598K | 10x |
| Short | KuCoin CAPUSDTM | 0.04643 | −0.0228 | pay 0.0114% / 4h | 30m 30s | $4.4M | $1.4M | 10x |
Bitget CAPUSDT
KuCoin CAPUSDTMFunding 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
- −$68.88
- Price spread: −0.065% → +0.019%
- −$8.37
- Slippage, 4 orders
- −$139.53
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$240.78
- Costs to cover
- 1.635%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 2 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, 1 min ago | 5.38 bp | 25.1 bp −$25 | 78.3 bp −$783 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 4.32 bp | 49.3 bp −$49 | 462.1 bp −$4,621 | doesn't fit | doesn't fit |
CAP on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAPUSDTMshort | −0.0228% | 4h | 0.04643 | −0.065% | $4.4M | $1.4M | 10x | |
| gTrade (Gains Network) CAP/USD | L 0.0000% / S 0.0000% | 1h | 0.04637 | −0.184% | — | — | 150x | as long as short |
| BingX CAP-USDT | +0.0070% | 4h | 0.04647 | +0.022% | — | $1.6M | — | as long as short |
| Lighter CAP | +0.0096% | 1h | 0.04645 | −0.022% | $19K | $2K | 3x | as long as short |
| Aster CAPUSDT | +0.0100% | 4h | 0.04643 | −0.064% | $26K | $67K | 5x | as long as short |
| Binance CAPUSDT | +0.0100% | 4h | 0.04648 | +0.043% | $8.9M | $9.0M | 10x | as long as short |
| Bybit CAPUSDT | +0.0100% | 4h | 0.04646 | 0.000% | $4.5M | $4.2M | 10x | as long as short |
| OKX CAP-USDT-SWAP | +0.0100% | 4h | 0.04648 | +0.043% | $2.0M | $7.3M | 10x | as long as short |
| Gate CAP_USDT | +0.0100% | 4h | 0.04644 | −0.043% | $325K | $1.2M | 20x | as long as short |
| MEXC CAP_USDT | +0.0100% | 4h | 0.04646 | 0.000% | $531K | $232K | 20x | as long as short |
gTrade (Gains Network) CAP/USD
BingX CAP-USDT
Lighter CAP
Aster CAPUSDT
Binance CAPUSDT
Bybit CAPUSDT
OKX CAP-USDT-SWAP
Gate CAP_USDT
MEXC CAP_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CAPUSDTlong | +0.0100% | 4h | 0.04646 | long leg | $1.0M | $598K | 10x | |
| Variational Omni CAP | +0.0100% | 4h | 0.04641 | −0.104% | $8K | $8K | — | as long as short |
| Orderly PERP_CAP_USDC_mythos | +0.0100% | 4h | 0.04643 | −0.073% | $4K | $1K | 10x | as long as short |
| BloFin CAP-USDT | +0.0100% | 4h | 0.04646 | 0.000% | $372K | $60K | 10x | as long as short |
Variational Omni CAP
Orderly PERP_CAP_USDC_mythos
BloFin CAP-USDT