Funding you earn now, next payment 04:00 UTC−0.0078%/8h= −8.5% APRpaid last 24h −0.207%
Price spread now: Bitget against KuCoin−0.258%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,225as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,203as in the Price arb table
costs, in and out, $10k−$1,17611.759% of the position
Funding, last 7 days−0.496%−$50 on $10k
+Price spread, last 4 days (all we have)+0.256%+$26 · spread now −0.258%, 7d avg +0.009%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.267% cheaper against KuCoin than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of +0.009%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin HANMIUSDTM | 178.04 | 0.0100 | pay 0.0050% / 4h | 3h 53m | $11K | $510K | 20x |
| Short | Bitget HANMIUSDT | 177.58 | 0.0022 | get 0.0022% / 8h | 7h 53m | $52K | $1.9M | 20x |
KuCoin HANMIUSDTM
Bitget HANMIUSDTFunding 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
- −$16.38
- Price spread: −0.258% → +0.009%
- −$26.71
- Slippage, 4 orders
- −$1,151.86
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$1,218.95
- Costs to cover
- 11.759%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 69 min ago; Bitget: 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 KuCoin live order book, 69 min ago | 17.99 bp | 352.2 bp −$352 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 36.68 bp | 243.3 bp −$243 | 649.4 bp −$6,494 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance HANMIUSDT | −0.0061% | 4h | 177.23 | −0.455% | $127K | $1.3M | 20x | as long as short |
| edgeX HANMIUSDC | −0.0029% | 4h | 177.44 | −0.337% | $19K | $258K | 10x | as long as short |
| Bybit HANMIUSDT | 0.0000% | 8h | 177.99 | −0.028% | $36K | $67K | 25x | as long as short |
| OKX HANMI-USDT-SWAP | 0.0000% | 8h | 178.00 | −0.022% | $20K | $192K | 20x | as long as short |
| Gate HANMI_USDT | 0.0000% | 4h | 178.08 | +0.022% | $51K | $25K | 20x | as long as short |
| HTX HANMI-USDT | 0.0000% | 4h | 177.50 | −0.303% | $7K | $341K | 10x | as long as short |
| Bitget HANMIUSDTshort | +0.0022% | 8h | 177.58 | −0.258% | $52K | $1.9M | 20x | |
| KuCoin HANMIUSDTMlong | +0.0100% | 4h | 178.04 | long leg | $11K | $510K | 20x | |
| GRVT HANMI_USDT_Perp | +0.3548% | 4h | 177.54 | −0.281% | $531 | $144K | 10x | as long as short |
Binance HANMIUSDT
edgeX HANMIUSDC
Bybit HANMIUSDT
OKX HANMI-USDT-SWAP
Gate HANMI_USDT
HTX HANMI-USDT
GRVT HANMI_USDT_Perp