Funding you earn now, next payment 00:00 UTC−0.0554%/8h= −60.7% APRnext payment −$2.77 per $10,000 · paid last 24h −0.109%
Price spread now: KuCoin against Bitget−0.364%7-day average −0.126% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,051as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,056as in the Price arb table
costs, in and out, $10k−$1,03210.318% of the position
Funding, last 7 days−0.194%−$19 on $10k
+Price spread, last 7 days+0.116%+$12 · spread now −0.364%, 7d avg −0.126%
=Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and KuCoin is 0.239% cheaper against Bitget than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.126%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.194% in total (about -10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.77 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 | Bitget USUSDT | 0.01646 | 0.0654 | pay 0.0327% / 4h | 2h 49m | $4.3M | $244K | 10x |
| Short | KuCoin USUSDTM | 0.01640 | 0.0100 | get 0.0050% / 4h | 2h 49m | $4.2M | $272K | 20x |
Bitget USUSDT
KuCoin USUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bitget. 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
- −$116.34
- Price spread: −0.364% → −0.126%
- −$23.86
- Slippage, 4 orders
- −$1,007.75
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,171.95
- Costs to cover
- 10.318%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 3 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 Bitget live order book, 4 min ago | 12.47 bp | 51.6 bp −$52 | 443.8 bp −$4,438 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 6.41 bp | 419.4 bp −$419 | doesn't fit | doesn't fit | doesn't fit |
US 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 USUSDT | +0.0100% | 4h | 0.01642 | −0.241% | $12K | $54K | 5x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01646 | −0.024% | $3.3M | $823K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01642 | −0.249% | $2.1M | $536K | 20x | as long as short |
| KuCoin USUSDTMshort | +0.0100% | 4h | 0.01640 | −0.364% | $4.2M | $272K | 20x | |
| Variational Omni US | +0.0100% | 4h | 0.01645 | −0.085% | $16K | $3K | — | as long as short |
| Extended US-USD | +0.0168% | 1h | 0.01644 | −0.117% | $4K | $141K | 5x | as long as short |
| Binance USUSDT | +0.0170% | 4h | 0.01645 | −0.085% | $9.2M | $3.1M | 10x | as long as short |
| MEXC US_USDT | +0.0178% | 4h | 0.01645 | −0.061% | $5.5M | $115K | 100x | as long as short |
| BloFin US-USDT | +0.0213% | 4h | 0.01643 | −0.182% | $481K | $49K | 10x | as long as short |
| Bitget USUSDTlong | +0.0654% | 4h | 0.01646 | long leg | $4.3M | $244K | 10x |
Aster USUSDT
Bybit USUSDT
Gate US_USDT
Variational Omni US
Extended US-USD
Binance USUSDT
MEXC US_USDT
BloFin US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX US-USDT | +0.0664% | 4h | 0.01646 | −0.006% | — | $1.3M | — | as long as short |
BingX US-USDT