Funding you earn now, next payment 08:00 UTC−0.1682%/8h= −184.2% APRnext payment −$16.82 per $10,000 · paid last 24h −0.025%
Price spread now: Bitget against KuCoin+0.238%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$254as in the Funding arb table
Net, price: spread back to 7d avg − costs−$245as in the Price arb table
costs, in and out, $10k−$2622.615% of the position
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 4 days (all we have)−0.238%−$24 · spread now +0.238%, 7d avg +0.068%
=The price spread pays, funding is against you. Bitget is 0.170% dearer against KuCoin than usual: you sell high and buy low (spread +0.238% now, against its 7-day average of +0.068%): +$17 on $10k if it goes back. Holding the pair costs −$50 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.080%, 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 0.080% in total (about 4.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$16.82 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 MVLLUSDTM | 33.620 | 0.0100 | pay 0.0100% / 8h | 18m 54s | $180K | $499K | 20x |
| Short | Bitget MVLLUSDT | 33.700 | −0.1582 | pay 0.1582% / 8h | 18m 54s | $811K | $968K | 20x |
KuCoin MVLLUSDTM
Bitget MVLLUSDTFunding 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
- −$353.22
- Price spread: +0.238% → +0.068%
- $16.98
- Slippage, 4 orders
- −$237.55
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$597.78
- Costs to cover
- 2.615%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 15 min ago; Bitget: live order book, 17 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, 15 min ago | 13.34 bp | 107.8 bp −$108 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 17 min ago | 2.96 bp | 77.3 bp −$77 | 218.3 bp −$2,183 | doesn't fit | doesn't fit |
MVLL 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 MVLLUSDTshort | −0.1582% | 8h | 33.700 | +0.238% | $811K | $968K | 20x | |
| Binance MVLLUSDT | 0.0000% | 8h | 33.620 | 0.000% | $3.4M | $41.6M | 20x | as long as short |
| Bybit MVLLUSDT | 0.0000% | 8h | 33.600 | −0.059% | $504K | $428K | 25x | as long as short |
| OKX MVLL-USDT-SWAP | 0.0000% | 8h | 33.650 | +0.089% | $799K | $1.3M | 10x | as long as short |
| Gate MVLL_USDT | 0.0000% | 8h | 33.650 | +0.089% | $497K | $1.6M | 25x | as long as short |
| MEXC MVLL_USDT | 0.0000% | 8h | 33.620 | 0.000% | $4.5M | $1.5M | 20x | as long as short |
| Phemex MVLLUSDT | 0.0000% | 8h | 33.670 | +0.149% | $1.7M | $1.3M | 10x | as long as short |
| KuCoin MVLLUSDTMlong | +0.0100% | 8h | 33.620 | long leg | $180K | $499K | 20x | |
| HTX MVLL-USDT | +0.0100% | 8h | 33.670 | +0.149% | $8K | $271K | 10x | as long as short |
Binance MVLLUSDT
Bybit MVLLUSDT
OKX MVLL-USDT-SWAP
Gate MVLL_USDT
MEXC MVLL_USDT
Phemex MVLLUSDT
HTX MVLL-USDT