Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.061%
Price spread now: KuCoin against Bitget+0.035%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$201as in the Price arb table
costs, in and out, $10k−$2072.074% of the position
Funding, last 7 days+0.156%+$16 on $10k
+Price spread, last 7 days−0.161%−$16 · spread now +0.035%, 7d avg −0.032%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.067% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COINUSDT | 198.56 | 0 | get 0.0000% / 8h | 5h 52m | $6.4M | $9.5M | 20x |
| Short | KuCoin COINUSDTM | 198.63 | 0.0100 | get 0.0100% / 8h | 5h 52m | $936K | $244K | 20x |
Bitget COINUSDT
KuCoin COINUSDTMFunding 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
- $21
- Price spread: +0.035% → −0.032%
- $6.73
- Slippage, 4 orders
- −$183.39
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$179.67
- Costs to cover
- 2.074%
- Break-even
- 66.9 days
Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 54 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, 4 min ago | 2.52 bp | 8.9 bp −$9 | 20.6 bp −$206 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 54 min ago | 6.58 bp | 68.3 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 198.16 | −0.201% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.56 | +0.002% | $346K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.53 | −0.013% | $106K | $854K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.58 | +0.008% | $14.6M | $75.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.56 | 0.000% | $4.7M | $5.5M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.56 | 0.000% | $3.1M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.59 | +0.015% | $1.2M | $6.4M | 50x | as long as short |
| Bitget COINUSDTlong | 0.0000% | 8h | 198.56 | long leg | $6.4M | $9.5M | 20x | |
| Variational Omni COIN | 0.0000% | 8h | 198.69 | +0.068% | $770K | $921K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.79 | +0.116% | $11K | $3.2M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0032% | 1h | 198.62 | +0.030% | $1.3M | $2.6M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 198.48 | −0.039% | $346K | $1.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.60 | +0.020% | $483K | $1.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.75 | +0.096% | $17K | $28K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.55 | −0.005% | — | $275K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.39 | −0.086% | $14.8M | $11.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.47 | −0.045% | $136K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.63 | +0.035% | $97 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.44 | −0.060% | $333K | $2.1M | 10x | as long as short |
| Phoenix COIN | +0.0081% | 1h | 198.68 | +0.060% | $5K | $256K | 10x | as long as short |
| KuCoin COINUSDTMshort | +0.0100% | 8h | 198.63 | +0.035% | $936K | $244K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.63 | +0.035% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.65 | +0.045% | $574 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.61 | +0.023% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.73 | +0.086% | $193K | $492K | 20x | as long as short |
| edgeX COINUSDC | +0.0231% | 4h | 198.64 | +0.042% | $51K | $293K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC