Settings8H · net · $10k
Funding arb · Price arb /

FIGHT

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.1758%/8h= −192.5% APRnext payment $8.79 per $10,000 · paid last 24h +0.005%
Price spread now: KuCoin against Bitget+0.221%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,377as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,238as in the Price arb table
costs, in and out, $10k−$2,26422.639% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−1.134%−$113 on $10k
Price spread, last 4 days (all we have)−0.391%−$39 · spread now +0.221%, 7d avg −0.035%
Together, before fees−1.525%−$153 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.257% dearer against Bitget than usual: you sell high and buy low (spread +0.221% now, against its 7-day average of −0.035%): +$26 on $10k if it goes back. Holding the pair costs −$53 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−1.134% in total) that is about 38 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.134% in total (about -59.1% a year). A funding rate is set anew for every payment; at this rate the next one is about $8.79 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget FIGHTUSDT0.0036160.1968pay 0.0984% / 4h26m 33s$1.1M$128K5x
ShortKuCoin FIGHTUSDTM0.0036240.0210get 0.0105% / 4h26m 33s$457K$26K20x

Funding 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

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$369.18
Price spread: +0.221% → −0.035%
$25.66
Slippage, 4 orders
−$2,239.91
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$2,607.42
Costs to cover
22.639%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 56 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago11.07 bp35.7 bp −$36599.8 bp −$5,998doesn't fitdoesn't fit
Sell KuCoin live order book, 56 min ago20.95 bp1081.9 bp −$1,082doesn't fitdoesn't fitdoesn't fit

FIGHT on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit FIGHTUSDT+0.0100%4h0.003627+0.304%$1.6M$207K20xas long as short
KuCoin FIGHTUSDTMshort+0.0210%4h0.003624+0.221%$457K$26K20x
Aster FIGHTUSDT+0.1230%4h0.003618+0.066%$13K$6K5xas long as short
Gate FIGHT_USDT+0.1324%4h0.003634+0.498%$229K$60K20xas long as short
BloFin FIGHT-USDT+0.1340%4h0.003626+0.277%$313K$7K20xas long as short
MEXC FIGHT_USDT+0.1352%4h0.003624+0.221%$217K$125K20xas long as short
Binance FIGHTUSDT+0.1353%4h0.003627+0.316%$3.3M$1.3M20xas long as short
Bitget FIGHTUSDTlong+0.1968%4h0.003616long leg$1.1M$128K5x