Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.222%
Price spread now: Bitget against KuCoin+0.076%7-day average +0.234% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.035%+$4 on $10k
+Price spread, last 4 days (all we have)+0.412%+$41 · spread now +0.076%, 7d avg +0.234%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.158% cheaper against KuCoin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.234%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MCDUSDTM | 248.46 | 0.0100 | pay 0.0100% / 8h | 2h 35m | $98K | $238K | 10x |
| Short | Bitget MCDUSDT | 248.65 | 0 | get 0.0000% / 8h | 2h 35m | $2.4M | $497K | 20x |
KuCoin MCDUSDTM
Bitget MCDUSDTFunding 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
- −$21
- Price spread: +0.076% → +0.234%
- −$15.8
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$60.8
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 21 min ago; Bitget: live order book, 2 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 KuCoin live order book, 21 min ago | 16.88 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 0.60 bp | 20.4 bp −$20 | 44.6 bp −$446 | 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 | 248.90 | +0.177% | $591K | $9.5M | 25x | as long as short |
| Gate MCD_USDT | 0.0000% | 8h | 248.88 | +0.169% | $677K | $184K | 25x | as long as short |
| Bitget MCDUSDTshort | 0.0000% | 8h | 248.65 | +0.076% | $2.4M | $497K | 20x | |
| KuCoin MCDUSDTMlong | +0.0100% | 8h | 248.46 | long leg | $98K | $238K | 10x |
Bybit MCDUSDT
Gate MCD_USDT