Funding you earn now, next payment 04:00 UTC−0.0876%/8h= −95.9% APRnext payment −$4.38 per $10,000 · paid last 24h −0.072%
Price spread now: Bitget against KuCoin−0.498%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$712as in the Funding arb table
Net, price: spread back to 7d avg − costs−$748as in the Price arb table
costs, in and out, $10k−$7037.026% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)+0.523%+$52 · spread now −0.498%, 7d avg −0.045%
=Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and Bitget is 0.453% cheaper against KuCoin than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.045%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.38 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 STOUSDTM | 0.04216 | 0.0976 | pay 0.0488% / 4h | 1h 13m | $1.0M | $17K | 25x |
| Short | Bitget STOUSDT | 0.04195 | 0.0100 | get 0.0050% / 4h | 1h 13m | $322K | $28K | 10x |
KuCoin STOUSDTM
Bitget STOUSDTFunding 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
- −$183.96
- Price spread: −0.498% → −0.045%
- −$45.28
- Slippage, 4 orders
- −$678.62
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$931.86
- Costs to cover
- 7.026%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 1 min ago; Bitget: live order book, 41 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, 1 min ago | 21.33 bp | 321.1 bp −$321 | 5947.1 bp −$59.5K | doesn't fit | doesn't fit |
| Sell Bitget live order book, 41 min ago | 4.77 bp | 49.9 bp −$50 | 704.6 bp −$7,046 | doesn't fit | doesn't fit |
STO on 9 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 STOUSDT | +0.0100% | 4h | 0.04201 | −0.349% | $26K | $1K | 5x | as long as short |
| Binance STOUSDT | +0.0100% | 4h | 0.04194 | −0.514% | $3.4M | $1.4M | 20x | as long as short |
| Gate STO_USDT | +0.0100% | 4h | 0.04200 | −0.380% | $253K | $117K | 25x | as long as short |
| MEXC STO_USDT | +0.0100% | 4h | 0.04194 | −0.522% | $789K | $98K | 50x | as long as short |
| Bitget STOUSDTshort | +0.0100% | 4h | 0.04195 | −0.498% | $322K | $28K | 10x | |
| Bybit STOUSDT | +0.0368% | 4h | 0.04200 | −0.380% | $721K | $270K | 13x | as long as short |
| BingX STO-USDT | +0.0414% | 4h | 0.04202 | −0.332% | — | $6.5M | — | as long as short |
| Variational Omni STO | +0.0472% | 4h | 0.04223 | +0.158% | $4K | $213 | — | as long as short |
| KuCoin STOUSDTMlong | +0.0976% | 4h | 0.04216 | long leg | $1.0M | $17K | 25x |
Aster STOUSDT
Binance STOUSDT
Gate STO_USDT
MEXC STO_USDT
Bybit STOUSDT
BingX STO-USDT
Variational Omni STO