Settings8H · net · $10k
Funding arb · Price arb /

USUAL

all USUAL markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against KuCoin0.000%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,612as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,613as in the Price arb table
costs, in and out, $10k−$1,61216.116% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%−$1 on $10k
Price spread, last 4 days (all we have)−0.183%−$18 · spread now 0.000%, 7d avg +0.017%
Together, before fees−0.188%−$19 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin USUALUSDTM0.013780.0100pay 0.0050% / 4h3h 15m$272K$62K20x
ShortBitget USUALUSDT0.013780.0100get 0.0050% / 4h3h 15m$827K$419K50x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: 0.000% → +0.017%
−$1.68
Slippage, 4 orders
−$1,587.58
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$1,613.26
Costs to cover
16.116%
Break-even
never at this rate
Slippage from KuCoin: live order book, 36 min ago; Bitget: live order book, 56 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 36 min ago21.71 bp962.5 bp −$963doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 56 min ago3.63 bp28.9 bp −$2989.9 bp −$899doesn't fitdoesn't fit

USUAL on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective USUAL/USDC PERP−0.4996%1h0.01358−1.451%$6K$2K5.5xas long as short
Kraken Futures PF_USUALUSD−0.0641%1h0.01375−0.184%$112K$18K10xas long as short
Hyperliquid USUAL+0.0100%1h0.01377−0.073%$396K$185K3xas long as short
Binance USUALUSDT+0.0100%4h0.01376−0.160%$2.2M$3.3M50xas long as short
Bybit USUALUSDT+0.0100%4h0.01378−0.007%$1.0M$795K25xas long as short
Gate USUAL_USDT+0.0100%8h0.01377−0.073%$931K$212K50xas long as short
MEXC USUAL_USDT+0.0100%4h0.01376−0.160%$6.0M$246K100xas long as short
KuCoin USUALUSDTMlong+0.0100%4h0.01378long leg$272K$62K20x
Bitget USUALUSDTshort+0.0100%4h0.013780.000%$827K$419K50x
BingX USUAL-USDT+0.0100%4h0.01377−0.065%$1.2Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni USUAL+0.0100%4h0.01375−0.186%$9K$208as long as short