BOT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1944%/8h= −212.9% APRnext payment −$19.44 per $10,000 · paid last 24h −0.207%

Price spread now: KuCoin against Bitget−0.271%7-day average −0.336% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,061as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,088as in the Price arb table

costs, in and out, $10k−$1,09510.948% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.342%+$34 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now −0.271%, 7d avg −0.336%

Together, before fees+0.255%+$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.065% dearer against Bitget than usual: you sell high and buy low (spread −0.271% now, against its 7-day average of −0.336%): +$7 on $10k if it goes back. Holding the pair costs −$58 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 7 days funding on this pair paid +0.342%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.342% in total (about 17.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$19.44 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 BOTUSDT	29.570	0	get 0.0000% / 8h	6h 22m	$249K	$134K	5x
Short	KuCoin BOTUSDTM	29.490	−0.1944	pay 0.1944% / 8h	6h 22m	$96K	$305K	20x

Funding 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 it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee KuCoinbpOrdersPrice spread, now −0.271%Rate

Funding earned: −$408.24
Price spread: −0.271% → −0.336%: $6.51
Slippage, 4 orders: −$1,070.82
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,496.55
Costs to cover: 10.948%
Break-even: never at this rate

Slippage from Bitget: live order book, 37 min ago; KuCoin: live order book, 14 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, 37 min ago	13.51 bp	102.6 bp −$103	125.4 bp −$1,254	doesn't fit	doesn't fit
Sell KuCoin live order book, 14 min ago	22.08 bp	394.1 bp −$394	doesn't fit	doesn't fit	doesn't fit

BOT on 12 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 BOTUSDTMshort	−0.1944%	8h	29.490	−0.271%	$96K	$305K	20x
Binance BOTUSDT	−0.1544%	8h	29.510	−0.203%	$457K	$1.2M	10x	as long as short
Variational Omni BOT	−0.1484%	8h	29.535	−0.118%	$31K	$21K	—	as long as short
OKX BOT-USDT-SWAP	−0.1128%	8h	29.560	−0.034%	$236K	$232K	20x	as long as short
QFEX BOT-USD	−0.0320%	1h	29.530	−0.135%	$1.2M	$512K	10x	as long as short
tradeXYZ xyz:BOT	−0.0191%	1h	29.488	−0.277%	$3.1M	$819K	10x	as long as short
Bybit BOTUSDT	0.0000%	8h	29.490	−0.271%	$477K	$496K	25x	as long as short
Gate BOT_USDT	0.0000%	8h	29.520	−0.169%	$256K	$246K	20x	as long as short
Bitget BOTUSDTlong	0.0000%	8h	29.570	long leg	$249K	$134K	5x
Lighter BOT	+0.0032%	1h	29.663	+0.315%	$68K	$2K	3x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BOT-USD	+0.0040%	1h	29.470	−0.338%	$3K	$9K	5x	as long as short
HTX BOT-USDT	+0.0100%	8h	29.557	−0.044%	$3K	$34K	10x	as long as short