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

O

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0200%/8h= −21.9% APRnext payment $1.00 per $10,000 · paid last 24h +0.007%
Price spread now: Bitget against KuCoin−0.035%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$664as in the Funding arb table
Net, price: spread back to 7d avg − costs−$680as in the Price arb table
costs, in and out, $10k−$6716.707% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.067%+$7 on $10k
Price spread, last 7 days+0.133%+$13 · spread now −0.035%, 7d avg +0.060%
Together, before fees+0.200%+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.096% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.060%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.067%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about $1.00 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
LongKuCoin OUSDTM0.56440.0300pay 0.0150% / 4h3h 11m$1.3M$648K20x
ShortBitget OUSDT0.56420.0100get 0.0050% / 4h3h 11m$1.6M$325K10x

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

Profit calculator

Funding earned
−$42
Price spread: −0.035% → +0.060%
−$9.58
Slippage, 4 orders
−$646.71
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$722.29
Costs to cover
6.707%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; Bitget: live order book, 5 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 KuCoin live order book, 3 min ago11.49 bp392.0 bp −$392doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago10.60 bp33.5 bp −$33316.1 bp −$3,161doesn't fitdoesn't fit

O on 11 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
Aster OUSDT+0.0100%4h0.5645+0.021%$20K$51K3xas long as short
Gate O_USDT+0.0100%4h0.5640−0.071%$1.5M$545K20xas long as short
Bitget OUSDTshort+0.0100%4h0.5642−0.035%$1.6M$325K10x
Variational Omni O+0.0100%4h0.5652+0.133%$3K$518as long as short
Binance OUSDT+0.0170%4h0.5637−0.125%$4.8M$1.9M10xas long as short
Bybit OUSDT+0.0184%4h0.5642−0.035%$722K$923K20xas long as short
KuCoin OUSDTMlong+0.0300%4h0.5644long leg$1.3M$648K20x
BloFin O-USDT+0.0338%4h0.5654+0.177%$242K$6K20xas long as short
MEXC O_USDT+0.0526%4h0.5643−0.018%$974K$170K50xas long as short
OKX O-USDT-SWAP+0.0527%4h0.56440.000%$1.5M$1.1M10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX O-USDT+0.0544%4h0.5635−0.159%$1.6Mas long as short