Funding you earn now, next payment 04:00 UTC−0.1704%/8h= −186.6% APRnext payment −$8.52 per $10,000 · paid last 24h −0.118%
Price spread now: Bitget against KuCoin−0.291%7-day average +0.114% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,469as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,505as in the Price arb table
costs, in and out, $10k−$2,46424.642% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)+0.384%+$38 · spread now −0.291%, 7d avg +0.114%
=Both sides work against this trade now: funding costs −$51 a day on $10k at the current rate, and Bitget is 0.405% cheaper against KuCoin than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of +0.114%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.52 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 | KuCoin INXUSDTM | 0.006186 | 0.1804 | pay 0.0902% / 4h | 2h 55m | $294K | $80K | 20x |
| Short | Bitget INXUSDT | 0.006168 | 0.0100 | get 0.0050% / 4h | 2h 55m | $387K | $86K | 25x |
Funding 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
- −$357.84
- Price spread: −0.291% → +0.114%
- −$40.49
- Slippage, 4 orders
- −$2,440.16
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$2,862.49
- Costs to cover
- 24.642%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 55 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, 55 min ago | 19.50 bp | 1795.5 bp −$1,795 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 12.97 bp | 39.0 bp −$39 | 278.5 bp −$2,785 | doesn't fit | doesn't fit |
INX 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International INX-PERP-INTX | −0.1776% | 1h | 0.006083 | −1.665% | $5K | $6K | 50x | as long as short |
| Bitget INXUSDTshort | +0.0100% | 4h | 0.006168 | −0.291% | $387K | $86K | 25x | |
| Gate INX_USDT | +0.0404% | 4h | 0.006160 | −0.420% | $1.6M | $67K | 25x | as long as short |
| Deribit INX_USDC-PERPETUAL | +0.0561% | 1h | 0.006168 | −0.291% | $56K | $20K | 10x | as long as short |
| Extended INX-USD | +0.0752% | 1h | 0.006164 | −0.348% | $1K | $109K | 5x | as long as short |
| Binance INXUSDT | +0.0754% | 4h | 0.006166 | −0.323% | $2.0M | $1.4M | 25x | as long as short |
| MEXC INX_USDT | +0.0762% | 4h | 0.006167 | −0.307% | $803K | $187K | 50x | as long as short |
| Aster INXUSDT | +0.1303% | 4h | 0.006163 | −0.374% | $18K | $10K | 5x | as long as short |
| KuCoin INXUSDTMlong | +0.1804% | 4h | 0.006186 | long leg | $294K | $80K | 20x | |
| Bybit INXUSDT | +0.1986% | 4h | 0.006170 | −0.259% | $786K | $358K | 13x | as long as short |
Show all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX INX-USDT | +0.2074% | 4h | 0.006162 | −0.388% | — | $6.5M | — | as long as short |
KuCoin INXUSDTM
Bitget INXUSDT
Coinbase International INX-PERP-INTX
Gate INX_USDT
Deribit INX_USDC-PERPETUAL
Extended INX-USD
Binance INXUSDT
MEXC INX_USDT
Aster INXUSDT
Bybit INXUSDT
BingX INX-USDT