Funding you earn now, next payment 12:00 UTC+0.1190%/8h= +130.3% APRpaid last 24h +0.184%
Price spread now: KuCoin against Bitget−0.069%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$826as in the Funding arb table
Net, price: spread back to 7d avg − costs−$886as in the Price arb table
costs, in and out, $10k−$8828.817% of the position
Funding, last 7 days+0.555%+$56 on $10k
+Price spread, last 4 days (all we have)−0.131%−$13 · spread now −0.069%, 7d avg −0.023%
=Funding pays, the price is against you. KuCoin is 0.046% cheaper against Bitget than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.023%). If the spread goes back, that is −$5 on $10k: about 3 hours of funding at the current rate (+$36 a day). At the pace of the last 7 days (+0.555% in total) that is about 14 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.555% in total (about 28.9% a year). A funding rate is set anew for every payment. 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 HANMIUSDT | 174.35 | −0.2256 | get 0.2256% / 8h | 7h 44m | $35K | $1.9M | 20x |
| Short | KuCoin HANMIUSDTM | 174.23 | −0.1066 | pay 0.0533% / 4h | 3h 44m | $10K | $557K | 20x |
Bitget HANMIUSDT
KuCoin HANMIUSDTMFunding 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
- $249.9
- Price spread: −0.069% → −0.023%
- −$4.62
- Slippage, 4 orders
- −$857.67
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$636.39
- Costs to cover
- 8.817%
- Break-even
- 24.8 days
Slippage from Bitget: live order book, 3 min ago; KuCoin: live order book, 49 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, 3 min ago | 20.92 bp | 65.5 bp −$66 | 115.5 bp −$1,155 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 49 min ago | 9.15 bp | 373.9 bp −$374 | doesn't fit | doesn't fit | doesn't fit |
HANMI 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 HANMIUSDTlong | −0.2256% | 8h | 174.35 | long leg | $35K | $1.9M | 20x | |
| KuCoin HANMIUSDTMshort | −0.1066% | 4h | 174.23 | −0.069% | $10K | $557K | 20x | |
| GRVT HANMI_USDT_Perp | −0.0472% | 4h | 174.40 | +0.029% | $378 | $136K | 10x | as long as short |
| Binance HANMIUSDT | −0.0443% | 4h | 174.56 | +0.120% | $95K | $1.4M | 20x | as long as short |
| OKX HANMI-USDT-SWAP | −0.0345% | 8h | 174.80 | +0.258% | $18K | $210K | 20x | as long as short |
| Bybit HANMIUSDT | 0.0000% | 8h | 174.87 | +0.298% | $35K | $67K | 25x | as long as short |
| Gate HANMI_USDT | 0.0000% | 4h | 174.72 | +0.212% | $52K | $28K | 20x | as long as short |
| HTX HANMI-USDT | 0.0000% | 4h | 174.22 | −0.075% | $7K | $364K | 10x | as long as short |
| edgeX HANMIUSDC | +0.0982% | 4h | 174.38 | +0.020% | $18K | $261K | 10x | as long as short |
GRVT HANMI_USDT_Perp
Binance HANMIUSDT
OKX HANMI-USDT-SWAP
Bybit HANMIUSDT
Gate HANMI_USDT
HTX HANMI-USDT
edgeX HANMIUSDC