Funding you earn now, next payment 08:00 UTC−0.2386%/8h= −261.3% APRnext payment −$23.86 per $10,000 · paid last 24h +0.041%
Price spread now: Bitget against KuCoin+0.253%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$442as in the Funding arb table
Net, price: spread back to 7d avg − costs−$460as in the Price arb table
costs, in and out, $10k−$4874.866% of the position
Funding, last 7 days+0.450%+$45 on $10k
+Price spread, last 4 days (all we have)−0.307%−$31 · spread now +0.253%, 7d avg −0.015%
=The price spread pays, funding is against you. Bitget is 0.268% dearer against KuCoin than usual: you sell high and buy low (spread +0.253% now, against its 7-day average of −0.015%): +$27 on $10k if it goes back. Holding the pair costs −$72 a day in funding at the current rate, which eats that in about 9 hours. Mind the row above: over the last 7 days funding on this pair paid +0.450%, 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 0.450% in total (about 23.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$23.86 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 | KuCoin INTWUSDTM | 31.670 | 0.0100 | pay 0.0100% / 8h | 2h 31m | $58K | $111K | 20x |
| Short | Bitget INTWUSDT | 31.750 | −0.2286 | pay 0.2286% / 8h | 2h 31m | $288K | $1.6M | 20x |
KuCoin INTWUSDTM
Bitget INTWUSDTFunding 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
- −$501.06
- Price spread: +0.253% → −0.015%
- $26.79
- Slippage, 4 orders
- −$462.63
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$960.9
- Costs to cover
- 4.866%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 18 min ago; Bitget: live order book, 1 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, 18 min ago | 17.08 bp | 201.2 bp −$201 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 7.41 bp | 46.2 bp −$46 | 51.0 bp −$510 | 187.2 bp −$18.7K | doesn't fit |
INTW on 8 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 INTWUSDTshort | −0.2286% | 8h | 31.750 | +0.253% | $288K | $1.6M | 20x | |
| Binance INTWUSDT | 0.0000% | 8h | 31.671 | +0.003% | $3.0M | $35.1M | 25x | as long as short |
| Bybit INTWUSDT | 0.0000% | 8h | 31.660 | −0.032% | $713K | $1.2M | 25x | as long as short |
| OKX INTW-USDT-SWAP | 0.0000% | 8h | 31.700 | +0.095% | $305K | $2.4M | 25x | as long as short |
| Gate INTW_USDT | 0.0000% | 8h | 31.700 | +0.095% | $491K | $2.1M | 25x | as long as short |
| MEXC INTW_USDT | 0.0000% | 8h | 31.730 | +0.189% | $1.3M | $413K | 50x | as long as short |
| HTX INTW-USDT | 0.0000% | 8h | 31.750 | +0.253% | $10K | $8K | 10x | as long as short |
| KuCoin INTWUSDTMlong | +0.0100% | 8h | 31.670 | long leg | $58K | $111K | 20x |
Binance INTWUSDT
Bybit INTWUSDT
OKX INTW-USDT-SWAP
Gate INTW_USDT
MEXC INTW_USDT
HTX INTW-USDT