Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.406%
Price spread now: Bitget against KuCoin−0.145%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$364as in the Funding arb table
Net, price: spread back to 7d avg − costs−$325as in the Price arb table
costs, in and out, $10k−$3183.176% of the position
Funding, last 7 days−0.464%−$46 on $10k
+Price spread, last 7 days+0.037%+$4 · spread now −0.145%, 7d avg −0.067%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.078% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.067%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BNCUSDTM | 6.6790 | 0.0100 | pay 0.0100% / 8h | 7h 54m | $58K | $3.0M | 20x |
| Short | Bitget BNCUSDT | 6.6693 | 0 | get 0.0000% / 8h | 7h 54m | $1.2M | $3.3M | 5x |
KuCoin BNCUSDTM
Bitget BNCUSDTFunding 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
- −$21
- Price spread: −0.145% → −0.067%
- −$7.8
- Slippage, 4 orders
- −$293.56
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$346.36
- Costs to cover
- 3.176%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 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, 3 min ago | 17.22 bp | 111.2 bp −$111 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 4.35 bp | 25.1 bp −$25 | 59.6 bp −$596 | 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX BNC-USD | −0.0013% | 1h | 6.6800 | +0.015% | $54K | $40K | 10x | as long as short |
| Bybit BNCUSDT | 0.0000% | 8h | 6.6640 | −0.225% | $587K | $2.3M | 25x | as long as short |
| Bitget BNCUSDTshort | 0.0000% | 8h | 6.6693 | −0.145% | $1.2M | $3.3M | 5x | |
| Bullet BNC-USD | 0.0000% | 1h | 6.6622 | −0.252% | $10K | $71K | 10x | as long as short |
| HTX BNC-USDT | 0.0000% | 8h | 6.6650 | −0.210% | $14K | $32K | 10x | as long as short |
| KuCoin BNCUSDTMlong | +0.0100% | 8h | 6.6790 | long leg | $58K | $3.0M | 20x | |
| Aster BNCUSD1 | +0.0389% | 8h | 6.6620 | −0.254% | $191K | $23K | 10x | as long as short |
| Variational Omni BNC | +0.0762% | 8h | 6.6631 | −0.238% | $128K | $114K | — | as long as short |
| Binance BNCUSDT | +0.0947% | 8h | 6.6625 | −0.246% | $15.7M | $36.3M | 10x | as long as short |
QFEX BNC-USD
Bybit BNCUSDT
Bullet BNC-USD
HTX BNC-USDT
Aster BNCUSD1
Variational Omni BNC
Binance BNCUSDT