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
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%
=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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin OUSDTM | 0.5644 | 0.0300 | pay 0.0150% / 4h | 3h 11m | $1.3M | $648K | 20x |
| Short | Bitget OUSDT | 0.5642 | 0.0100 | get 0.0050% / 4h | 3h 11m | $1.6M | $325K | 10x |
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
- −$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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 3 min ago | 11.49 bp | 392.0 bp −$392 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 10.60 bp | 33.5 bp −$33 | 316.1 bp −$3,161 | doesn't fit | doesn't fit |
O 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OUSDT | +0.0100% | 4h | 0.5645 | +0.021% | $20K | $51K | 3x | as long as short |
| Gate O_USDT | +0.0100% | 4h | 0.5640 | −0.071% | $1.5M | $545K | 20x | as long as short |
| Bitget OUSDTshort | +0.0100% | 4h | 0.5642 | −0.035% | $1.6M | $325K | 10x | |
| Variational Omni O | +0.0100% | 4h | 0.5652 | +0.133% | $3K | $518 | — | as long as short |
| Binance OUSDT | +0.0170% | 4h | 0.5637 | −0.125% | $4.8M | $1.9M | 10x | as long as short |
| Bybit OUSDT | +0.0184% | 4h | 0.5642 | −0.035% | $722K | $923K | 20x | as long as short |
| KuCoin OUSDTMlong | +0.0300% | 4h | 0.5644 | long leg | $1.3M | $648K | 20x | |
| BloFin O-USDT | +0.0338% | 4h | 0.5654 | +0.177% | $242K | $6K | 20x | as long as short |
| MEXC O_USDT | +0.0526% | 4h | 0.5643 | −0.018% | $974K | $170K | 50x | as long as short |
| OKX O-USDT-SWAP | +0.0527% | 4h | 0.5644 | 0.000% | $1.5M | $1.1M | 10x | as long as short |
Show all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX O-USDT | +0.0544% | 4h | 0.5635 | −0.159% | — | $1.6M | — | as long as short |
KuCoin OUSDTM
Bitget OUSDT
Aster OUSDT
Gate O_USDT
Variational Omni O
Binance OUSDT
Bybit OUSDT
BloFin O-USDT
MEXC O_USDT
OKX O-USDT-SWAP
BingX O-USDT