Funding you earn now, next payment 08:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.24 per $10,000 · paid last 24h −0.015%
Price spread now: KuCoin against Bitget−0.010%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$400.399% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 7 days+0.007%+$1 · spread now −0.010%, 7d avg −0.023%
=The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget USDCUSDT | 0.9995 | −0.0123 | get 0.0123% / 8h | 3h 31m | $4.3M | $16K | 50x |
| Short | KuCoin USDCUSDTM | 0.9994 | −0.0147 | pay 0.0147% / 8h | 3h 31m | $2.5M | $20K | 30x |
Bitget USDCUSDT
KuCoin USDCUSDTMFunding 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
- −$5.04
- Price spread: −0.010% → −0.023%
- $1.27
- Slippage, 4 orders
- −$15.86
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$43.63
- Costs to cover
- 0.399%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; KuCoin: 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 Bitget live order book, 2 min ago | 0.50 bp | 7.5 bp −$7 | 7.5 bp −$75 | 12.6 bp −$1,262 | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 4.50 bp | 14.4 bp −$14 | 376.7 bp −$3,767 | doesn't fit | doesn't fit |
USDC 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USDCUSDTMshort | −0.0147% | 8h | 0.9994 | −0.010% | $2.5M | $20K | 30x | |
| MEXC USDC_USDT | −0.0138% | 8h | 0.9996 | +0.008% | $20.8M | $742K | 200x | as long as short |
| Binance USDCUSDT | −0.0138% | 8h | 0.9996 | +0.007% | $4.7M | $4.5M | 50x | as long as short |
| Bitget USDCUSDTlong | −0.0123% | 8h | 0.9995 | long leg | $4.3M | $16K | 50x | |
| Kraken Futures PF_USDCUSD | −0.0066% | 1h | 0.9998 | +0.025% | $14K | $924 | 50x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.060% | $9.5M | $346K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.054% | $1.1M | $42K | 50x | as long as short |
| Gate USDC_USDT | +0.0060% | 8h | 0.9992 | −0.030% | $253K | $39K | 50x | as long as short |
MEXC USDC_USDT
Binance USDCUSDT
Kraken Futures PF_USDCUSD
Bybit USDCUSDT
OKX USDC-USDT-SWAP
Gate USDC_USDT