Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.09 per $10,000 · paid last 24h −0.029%
Price spread now: KuCoin against Bitget−0.388%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,176as in the Price arb table
costs, in and out, $10k−$1,14511.450% of the position
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 4 days (all we have)+0.369%+$37 · spread now −0.388%, 7d avg −0.074%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.314% cheaper against Bitget than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.074%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COOKIEUSDT | 0.01290 | 0.0118 | pay 0.0059% / 4h | 1h 43m | $369K | $326K | 5x |
| Short | KuCoin COOKIEUSDTM | 0.01285 | 0.0100 | get 0.0050% / 4h | 1h 43m | $234K | $165K | 20x |
Bitget COOKIEUSDT
KuCoin COOKIEUSDTMFunding 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
- −$3.78
- Price spread: −0.388% → −0.074%
- −$31.36
- Slippage, 4 orders
- −$1,121.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,180.16
- Costs to cover
- 11.450%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 57 min ago; KuCoin: live order book, 73 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, 57 min ago | 8.01 bp | 130.0 bp −$130 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 73 min ago | 15.70 bp | 495.3 bp −$495 | doesn't fit | doesn't fit | doesn't fit |
COOKIE on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance COOKIEUSDT | +0.0100% | 4h | 0.01288 | −0.193% | $2.2M | $9.9M | 20x | as long as short |
| Bybit COOKIEUSDT | +0.0100% | 4h | 0.01289 | −0.109% | $888K | $1.6M | 25x | as long as short |
| Gate COOKIE_USDT | +0.0100% | 4h | 0.01285 | −0.388% | $132K | $241K | 25x | as long as short |
| MEXC COOKIE_USDT | +0.0100% | 4h | 0.01289 | −0.078% | $661K | $379K | 100x | as long as short |
| KuCoin COOKIEUSDTMshort | +0.0100% | 4h | 0.01285 | −0.388% | $234K | $165K | 20x | |
| Variational Omni COOKIE | +0.0100% | 4h | 0.01278 | −0.928% | $13K | $20K | — | as long as short |
| Bitget COOKIEUSDTlong | +0.0118% | 4h | 0.01290 | long leg | $369K | $326K | 5x | |
| BingX COOKIE-USDT | +0.0124% | 4h | 0.01288 | −0.178% | — | $6.5M | — | as long as short |
| Kraken Futures PF_COOKIEUSD | +0.0990% | 1h | 0.01290 | +0.014% | $15K | $48K | 10x | as long as short |
Binance COOKIEUSDT
Bybit COOKIEUSDT
Gate COOKIE_USDT
MEXC COOKIE_USDT
Variational Omni COOKIE
BingX COOKIE-USDT
Kraken Futures PF_COOKIEUSD