Funding you earn now, next payment 08:00 UTC+0.0641%/8h= +70.2% APRnext payment +$6.41 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Bitget−0.143%7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$924as in the Funding arb table
Net, price: spread back to 7d avg − costs−$950as in the Price arb table
costs, in and out, $10k−$9439.431% of the position
Funding, last 7 days+0.195%+$20 on $10k
+Price spread, last 4 days (all we have)+0.146%+$15 · spread now −0.143%, 7d avg −0.071%
=Funding pays, the price is against you. KuCoin is 0.072% cheaper against Bitget than usual: you would sell low and buy high (spread −0.143% now, against its 7-day average of −0.071%). If the spread goes back, that is −$7 on $10k: about 9 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.195% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.195% in total (about 10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.41 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 POETUSDT | 8.4020 | −0.0541 | get 0.0541% / 8h | 2h 11m | $268K | $84K | 20x |
| Short | KuCoin POETUSDTM | 8.3900 | 0.0100 | get 0.0100% / 8h | 2h 11m | $58K | $107K | 20x |
Bitget POETUSDT
KuCoin POETUSDTMFunding 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
- $134.61
- Price spread: −0.143% → −0.071%
- −$7.22
- Slippage, 4 orders
- −$919.14
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$815.75
- Costs to cover
- 9.431%
- Break-even
- 49.4 days
Slippage from Bitget: live order book, 29 min ago; KuCoin: live order book, 44 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 Bitget live order book, 29 min ago | 33.29 bp | 43.9 bp −$44 | 94.7 bp −$947 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 44 min ago | 29.67 bp | 372.4 bp −$372 | doesn't fit | doesn't fit | doesn't fit |
POET 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget POETUSDTlong | −0.0541% | 8h | 8.4020 | long leg | $268K | $84K | 20x | |
| KuCoin POETUSDTMshort | +0.0100% | 8h | 8.3900 | −0.143% | $58K | $107K | 20x | |
| OKX POET-USDT-SWAP | +0.0275% | 8h | 8.4080 | +0.071% | $165K | $213K | 10x | as long as short |
| Bybit POETUSDT | +0.1841% | 8h | 8.3900 | −0.143% | $223K | $309K | 25x | as long as short |
OKX POET-USDT-SWAP
Bybit POETUSDT