Funding you earn now, next payment 08:00 UTC−0.0323%/8h= −35.4% APRnext payment −$3.23 per $10,000 · paid last 24h −0.222%
Price spread now: KuCoin against Bitget+0.101%7-day average −0.246% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)−0.586%−$59 · spread now +0.101%, 7d avg −0.246%
=The price spread pays, funding is against you. KuCoin is 0.347% dearer against Bitget than usual: you sell high and buy low (spread +0.101% now, against its 7-day average of −0.246%): +$35 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 3.6 days. At the pace of the last 7 days (−0.036% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.23 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 MCDUSDT | 248.50 | 0.0423 | pay 0.0423% / 8h | 7h 38m | $2.4M | $492K | 20x |
| Short | KuCoin MCDUSDTM | 248.75 | 0.0100 | get 0.0100% / 8h | 7h 38m | $103K | $322K | 10x |
Bitget MCDUSDT
KuCoin MCDUSDTMFunding 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
- −$67.83
- Price spread: +0.101% → −0.246%
- $34.66
- Slippage, 4 orders
- no order book: not counted
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$57.17
- Costs to cover
- 0.240%
- Break-even
- from the start
Slippage unknown: Bitget: live order book, 4 min ago; KuCoin: live order book, 13 min ago. Net counts fees only.
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 | 5.23 bp | 24.5 bp −$25 | 54.8 bp −$548 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 13 min ago | 9.27 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
MCD on 4 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MCDUSDT | 0.0000% | 8h | 248.41 | −0.036% | $602K | $26.3M | 25x | as long as short |
| Gate MCD_USDT | 0.0000% | 8h | 250.62 | +0.853% | $760K | $137K | 25x | as long as short |
| KuCoin MCDUSDTMshort | +0.0100% | 8h | 248.75 | +0.101% | $103K | $322K | 10x | |
| Bitget MCDUSDTlong | +0.0423% | 8h | 248.50 | long leg | $2.4M | $492K | 20x |
Bybit MCDUSDT
Gate MCD_USDT