Funding you earn now, next payment 04:00 UTC+0.1274%/8h= +139.5% APRnext payment +$6.37 per $10,000 · paid last 24h +0.010%
Price spread now: Bitget against KuCoin+0.211%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,459as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,419as in the Price arb table
costs, in and out, $10k−$1,44014.400% of the position
Funding, last 7 days−0.186%−$19 on $10k
+Price spread, last 7 days−0.256%−$26 · spread now +0.211%, 7d avg +0.001%
=Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Bitget is 0.211% dearer against KuCoin than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.001%. Mind the row above: over the last 7 days funding on this pair cost −0.186%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.186% in total (about -9.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.37 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 PROSUSDTM | 0.5676 | −0.1174 | get 0.0587% / 4h | 2h 06m | $1.0M | $594K | 20x |
| Short | Bitget PROSUSDT | 0.5688 | 0.0100 | get 0.0050% / 4h | 2h 06m | $1.2M | $437K | 20x |
KuCoin PROSUSDTM
Bitget PROSUSDTFunding 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
- $267.54
- Price spread: +0.211% → +0.001%
- $21.07
- Slippage, 4 orders
- −$1,416.05
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$1,151.44
- Costs to cover
- 14.400%
- Break-even
- 37.1 days
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 | 8.82 bp | 669.5 bp −$669 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 11.45 bp | 37.4 bp −$37 | 226.7 bp −$2,267 | doesn't fit | doesn't fit |
PROS on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PROSUSDTMlong | −0.1174% | 4h | 0.5676 | long leg | $1.0M | $594K | 20x | |
| OKX PROS-USDT-SWAP | +0.0091% | 4h | 0.5683 | +0.123% | $870K | $1.4M | 20x | as long as short |
| Gate PROS_USDT | +0.0100% | 4h | 0.5683 | +0.123% | $358K | $140K | 20x | as long as short |
| Bitget PROSUSDTshort | +0.0100% | 4h | 0.5688 | +0.211% | $1.2M | $437K | 20x | |
| Aster PROSUSDT | +0.0171% | 4h | 0.5690 | +0.238% | $29K | $15K | 5x | as long as short |
OKX PROS-USDT-SWAP
Gate PROS_USDT
Aster PROSUSDT