Funding you earn now, next payment 08:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.45 per $10,000 · paid last 24h +0.001%
Price spread now: Bitget against KuCoin−0.270%7-day average −0.158% · you buy dearer than you sell
Net, funding: paid 7d − costs−$233as in the Funding arb table
Net, price: spread back to 7d avg − costs−$237as in the Price arb table
costs, in and out, $10k−$2262.255% of the position
Funding, last 7 days−0.080%−$8 on $10k
+Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.270%, 7d avg −0.158%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.112% cheaper against KuCoin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.158%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TUSDTM | 0.005193 | 0.0100 | pay 0.0050% / 4h | 3h 11m | $1.3M | $83K | 12x |
| Short | Bitget TUSDT | 0.005179 | 0.0010 | get 0.0005% / 4h | 3h 11m | $889K | $503K | 50x |
KuCoin TUSDTM
Bitget TUSDTFunding 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
- −$18.9
- Price spread: −0.270% → −0.158%
- −$11.19
- Slippage, 4 orders
- −$201.55
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$255.64
- Costs to cover
- 2.255%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Bitget: live order book, 39 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 | 12.52 bp | 86.1 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 39 min ago | 1.93 bp | 14.2 bp −$14 | 100.1 bp −$1,001 | doesn't fit | doesn't fit |
T 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSD | −0.2809% | 1h | 0.005190 | −0.056% | $4K | $4K | 10x | as long as short |
| Gate T_USDT | −0.0290% | 4h | 0.005194 | +0.019% | $215K | $84K | 20x | as long as short |
| Bitget TUSDTshort | +0.0010% | 4h | 0.005179 | −0.270% | $889K | $503K | 50x | |
| Variational Omni T | +0.0022% | 4h | 0.005200 | +0.127% | $7K | $6K | — | as long as short |
| Binance TUSDT | +0.0100% | 4h | 0.005186 | −0.135% | $3.2M | $6.9M | 50x | as long as short |
| Bybit TUSDT | +0.0100% | 4h | 0.005187 | −0.116% | $1.5M | $1.4M | 25x | as long as short |
| MEXC T_USDT | +0.0100% | 4h | 0.005185 | −0.154% | $3.1M | $223K | 20x | as long as short |
| KuCoin TUSDTMlong | +0.0100% | 4h | 0.005193 | long leg | $1.3M | $83K | 12x |
Kraken Futures PF_TUSD
Gate T_USDT
Variational Omni T
Binance TUSDT
Bybit TUSDT
MEXC T_USDT