Funding you earn now, next payment 12:00 UTC+0.0148%/8h= +16.2% APRnext payment +$0.74 per $10,000 · paid last 24h +0.003%
Price spread now: Bitget against KuCoin+0.169%7-day average +0.277% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,354as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,367as in the Price arb table
costs, in and out, $10k−$1,35613.564% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)+0.163%+$16 · spread now +0.169%, 7d avg +0.277%
=Funding pays, the price is against you. Bitget is 0.109% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.169% now, against its 7-day average of +0.277%). If the spread goes back, that is −$11 on $10k: about 2.4 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.021% in total) that is about 37 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin DRIFTUSDTM | 0.01777 | −0.0048 | get 0.0024% / 4h | 52m 41s | $723K | $75K | 20x |
| Short | Bitget DRIFTUSDT | 0.01780 | 0.0100 | get 0.0050% / 4h | 52m 41s | $548K | $328K | 10x |
KuCoin DRIFTUSDTM
Bitget DRIFTUSDTFunding 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
- $31.08
- Price spread: +0.169% → +0.277%
- −$10.86
- Slippage, 4 orders
- −$1,332.4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$1,336.18
- Costs to cover
- 13.564%
- Break-even
- 307.9 days
Slippage from KuCoin: live order book, 44 min ago; Bitget: live order book, 50 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, 44 min ago | 14.01 bp | 508.5 bp −$508 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 50 min ago | 8.33 bp | 240.8 bp −$241 | doesn't fit | doesn't fit | doesn't fit |
DRIFT on 10 exchanges
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 DRIFTUSDTMlong | −0.0048% | 4h | 0.01777 | long leg | $723K | $75K | 20x | |
| Injective DRIFT/USDC PERP | +0.0033% | 1h | 0.01591 | −10.467% | — | $9K | 5.5x | as long as short |
| Binance DRIFTUSDT | +0.0100% | 4h | 0.01782 | +0.279% | $2.4M | $4.4M | 20x | as long as short |
| Bybit DRIFTUSDT | +0.0100% | 4h | 0.01778 | +0.062% | $2.4M | $1.9M | 20x | as long as short |
| Gate DRIFT_USDT | +0.0100% | 4h | 0.01779 | +0.113% | $121K | $168K | 10x | as long as short |
| MEXC DRIFT_USDT | +0.0100% | 4h | 0.01778 | +0.056% | $419K | $111K | 20x | as long as short |
| Bitget DRIFTUSDTshort | +0.0100% | 4h | 0.01780 | +0.169% | $548K | $328K | 10x | |
| BingX DRIFT-USDT | +0.0100% | 4h | 0.01780 | +0.169% | — | $6.6M | — | as long as short |
| Variational Omni DRIFT | +0.0100% | 4h | 0.01785 | +0.452% | $24K | $225 | — | as long as short |
| BloFin DRIFT-USDT | +0.0145% | 4h | 0.01782 | +0.281% | $158K | $17K | 20x | as long as short |
Injective DRIFT/USDC PERP
Binance DRIFTUSDT
Bybit DRIFTUSDT
Gate DRIFT_USDT
MEXC DRIFT_USDT
BingX DRIFT-USDT
Variational Omni DRIFT
BloFin DRIFT-USDT