Funding you earn now, next payment 16:00 UTC−0.0895%/8h= −98.0% APRnext payment −$8.95 per $10,000 · paid last 24h −0.189%
Price spread now: Bitget against KuCoin+0.167%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$643as in the Funding arb table
Net, price: spread back to 7d avg − costs−$619as in the Price arb table
costs, in and out, $10k−$6306.298% of the position
Funding, last 7 days−0.136%−$14 on $10k
+Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.167%, 7d avg +0.060%
=The price spread pays, funding is against you. Bitget is 0.107% dearer against KuCoin than usual: you sell high and buy low (spread +0.167% now, against its 7-day average of +0.060%): +$11 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.136% in total) that is about 5.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.136% in total (about -7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.95 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin AXTIUSDTM | 77.810 | 0.0100 | pay 0.0100% / 8h | 6h 18m | $586K | $633K | 20x |
| Short | Bitget AXTIUSDT | 77.940 | −0.0795 | pay 0.0795% / 8h | 6h 18m | $1.2M | $4.0M | 20x |
KuCoin AXTIUSDTM
Bitget AXTIUSDTFunding 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
- −$187.95
- Price spread: +0.167% → +0.060%
- $10.69
- Slippage, 4 orders
- −$605.82
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$807.08
- Costs to cover
- 6.298%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 27 min ago; Bitget: 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 KuCoin live order book, 27 min ago | 18.63 bp | 308.7 bp −$309 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 3.85 bp | 46.5 bp −$47 | 58.9 bp −$589 | 118.9 bp −$11.9K | doesn't fit |
AXTI on 14 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget AXTIUSDTshort | −0.0795% | 8h | 77.940 | +0.167% | $1.2M | $4.0M | 20x | |
| Aster AXTIUSDT | 0.0000% | 8h | 77.800 | −0.013% | $7K | $124K | 20x | as long as short |
| Extended AXTI-USD | 0.0000% | 1h | 77.850 | +0.051% | $7K | $288K | 10x | as long as short |
| Binance AXTIUSDT | 0.0000% | 8h | 77.880 | +0.090% | $8.3M | $38.0M | 20x | as long as short |
| Bybit AXTIUSDT | 0.0000% | 8h | 77.850 | +0.051% | $1.9M | $1.5M | 25x | as long as short |
| OKX AXTI-USDT-SWAP | 0.0000% | 8h | 77.820 | +0.013% | $2.6M | $12.1M | 20x | as long as short |
| Gate AXTI_USDT | 0.0000% | 8h | 77.850 | +0.051% | $1.6M | $6.5M | 50x | as long as short |
| SunX AXTI-USDT | 0.0000% | 8h | 77.880 | +0.090% | $1K | $821K | 10x | as long as short |
| QFEX AXTI-USD | +0.0016% | 1h | 77.880 | +0.090% | $1.1M | $2.0M | 10x | as long as short |
| HTX AXTI-USDT | +0.0021% | 8h | 77.810 | 0.000% | $19K | $33K | 20x | as long as short |
Aster AXTIUSDT
Extended AXTI-USD
Binance AXTIUSDT
Bybit AXTIUSDT
OKX AXTI-USDT-SWAP
Gate AXTI_USDT
SunX AXTI-USDT
QFEX AXTI-USD
HTX AXTI-USDTShow all 14 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter AXTI | +0.0032% | 1h | 77.750 | −0.077% | — | — | 10x | as long as short |
| KuCoin AXTIUSDTMlong | +0.0100% | 8h | 77.810 | long leg | $586K | $633K | 20x | |
| Aevo AXTI-PERP | +0.0104% | 1h | 77.819 | +0.012% | — | — | 10x | as long as short |
| GRVT AXTI_USDT_Perp | +0.1073% | 8h | 77.890 | +0.103% | $757 | $220K | 10x | as long as short |
Lighter AXTI
Aevo AXTI-PERP
GRVT AXTI_USDT_Perp