Funding you earn now, next payment 08:00 UTC+0.1705%/8h= +186.7% APRnext payment +$17.05 per $10,000 · paid last 24h +0.404%
Price spread now: KuCoin against Bitget−0.186%7-day average +0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$277as in the Funding arb table
Net, price: spread back to 7d avg − costs−$345as in the Price arb table
costs, in and out, $10k−$3213.208% of the position
Funding, last 7 days+0.440%+$44 on $10k
+Price spread, last 7 days+0.079%+$8 · spread now −0.186%, 7d avg +0.060%
=Funding pays, the price is against you. KuCoin is 0.246% cheaper against Bitget than usual: you would sell low and buy high (spread −0.186% now, against its 7-day average of +0.060%). If the spread goes back, that is −$25 on $10k: about 12 hours of funding at the current rate (+$51 a day). At the pace of the last 7 days (+0.440% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.440% in total (about 23.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$17.05 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 BNCUSDT | 6.2406 | −0.1605 | get 0.1605% / 8h | 1h 03m | $784K | $4.2M | 5x |
| Short | KuCoin BNCUSDTM | 6.2290 | 0.0100 | get 0.0100% / 8h | 1h 03m | $41K | $3.0M | 20x |
Bitget BNCUSDT
KuCoin BNCUSDTMFunding 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
- $358.05
- Price spread: −0.186% → +0.060%
- −$24.59
- Slippage, 4 orders
- −$296.77
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $12.68
- Costs to cover
- 3.208%
- Break-even
- 6.8 days
Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 4 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, 5 min ago | 3.45 bp | 42.6 bp −$43 | 54.6 bp −$546 | 123.2 bp −$12.3K | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 7.24 bp | 119.0 bp −$119 | doesn't fit | doesn't fit | doesn't fit |
BNC on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BNCUSDTlong | −0.1605% | 8h | 6.2406 | long leg | $784K | $4.2M | 5x | |
| Binance BNCUSDT | −0.1042% | 8h | 6.2285 | −0.195% | $13.4M | $40.9M | 10x | as long as short |
| Variational Omni BNC | −0.0897% | 8h | 6.2244 | −0.259% | $116K | $141K | — | as long as short |
| Aster BNCUSD1 | −0.0535% | 8h | 6.2271 | −0.216% | $178K | $22K | 10x | as long as short |
| Bybit BNCUSDT | −0.0463% | 8h | 6.2280 | −0.202% | $561K | $1.9M | 25x | as long as short |
| QFEX BNC-USD | −0.0010% | 1h | 6.2200 | −0.330% | $49K | $13K | 10x | as long as short |
| Bullet BNC-USD | 0.0000% | 1h | 6.2286 | −0.192% | $9K | $69K | 10x | as long as short |
| HTX BNC-USDT | 0.0000% | 8h | 6.2320 | −0.138% | $14K | $27K | 10x | as long as short |
| KuCoin BNCUSDTMshort | +0.0100% | 8h | 6.2290 | −0.186% | $41K | $3.0M | 20x |
Binance BNCUSDT
Variational Omni BNC
Aster BNCUSD1
Bybit BNCUSDT
QFEX BNC-USD
Bullet BNC-USD
HTX BNC-USDT