Funding you earn now, next payment 04:00 UTC−0.1434%/8h= −157.0% APRnext payment −$7.17 per $10,000 · paid last 24h −0.181%
Price spread now: KuCoin against Bitget−0.060%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$431as in the Funding arb table
Net, price: spread back to 7d avg − costs−$412as in the Price arb table
costs, in and out, $10k−$4054.048% of the position
Funding, last 7 days−0.265%−$26 on $10k
+Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.060%, 7d avg +0.014%
=Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and KuCoin is 0.074% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.014%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.265% in total (about -13.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.17 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 KERNELUSDT | 0.06623 | −1.3064 | get 0.6532% / 4h | 57m 50s | $1.1M | $7.4M | 25x |
| Short | KuCoin KERNELUSDTM | 0.06619 | −1.4498 | pay 0.7249% / 4h | 57m 50s | $282K | $531K | 30x |
Bitget KERNELUSDT
KuCoin KERNELUSDTMFunding 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
- −$301.14
- Price spread: −0.060% → +0.014%
- −$7.4
- Slippage, 4 orders
- −$380.83
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$713.37
- Costs to cover
- 4.048%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 25 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, 5 min ago | 6.84 bp | 33.5 bp −$34 | 106.3 bp −$1,063 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 25 min ago | 45.71 bp | 225.6 bp −$226 | doesn't fit | doesn't fit | doesn't fit |
KERNEL on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit KERNELUSDT | −2.2561% | 4h | 0.06676 | +0.800% | $2.3M | $13.9M | 20x | as long as short |
| BingX KERNEL-USDT | −2.0348% | 4h | 0.06644 | +0.317% | — | $7.3M | — | as long as short |
| Variational Omni KERNEL | −1.9602% | 4h | 0.06640 | +0.259% | $13K | $37K | — | as long as short |
| KuCoin KERNELUSDTMshort | −1.4498% | 4h | 0.06619 | −0.060% | $282K | $531K | 30x | |
| Binance KERNELUSDT | −1.4125% | 4h | 0.06645 | +0.332% | $4.3M | $67.1M | 25x | as long as short |
| MEXC KERNEL_USDT | −1.4036% | 4h | 0.06645 | +0.332% | $1.2M | $2.5M | 20x | as long as short |
| Gate KERNEL_USDT | −1.3326% | 4h | 0.06639 | +0.242% | $358K | $1.8M | 50x | as long as short |
| Bitget KERNELUSDTlong | −1.3064% | 4h | 0.06623 | long leg | $1.1M | $7.4M | 25x |
Bybit KERNELUSDT
BingX KERNEL-USDT
Variational Omni KERNEL
Binance KERNELUSDT
MEXC KERNEL_USDT
Gate KERNEL_USDT