Funding you earn now, next payment 08:00 UTC−0.0890%/8h= −97.5% APRnext payment −$8.90 per $10,000 · paid last 24h −0.030%
Price spread now: Bitget against KuCoin+0.036%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs−$980as in the Funding arb table
Net, price: spread back to 7d avg − costs−$964as in the Price arb table
costs, in and out, $10k−$9619.609% of the position
Funding, last 7 days−0.195%−$20 on $10k
+Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.036%, 7d avg +0.070%
=Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and Bitget is 0.034% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.070%). Swap the legs.
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 −$8.90 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 POETUSDTM | 8.3400 | 0.0100 | pay 0.0100% / 8h | 1h 28m | $57K | $102K | 20x |
| Short | Bitget POETUSDT | 8.3430 | −0.0790 | pay 0.0790% / 8h | 1h 28m | $260K | $87K | 20x |
KuCoin POETUSDTM
Bitget POETUSDTFunding 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
- −$186.9
- Price spread: +0.036% → +0.070%
- −$3.44
- Slippage, 4 orders
- −$936.86
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$1,151.21
- Costs to cover
- 9.609%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 12 min ago; Bitget: live order book, 7 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, 12 min ago | 29.92 bp | 490.6 bp −$491 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 7 min ago | 29.40 bp | 62.0 bp −$62 | 77.1 bp −$771 | 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 POETUSDTshort | −0.0790% | 8h | 8.3430 | +0.036% | $260K | $87K | 20x | |
| KuCoin POETUSDTMlong | +0.0100% | 8h | 8.3400 | long leg | $57K | $102K | 20x | |
| OKX POET-USDT-SWAP | +0.0263% | 8h | 8.3650 | +0.300% | $164K | $213K | 10x | as long as short |
| Bybit POETUSDT | +0.1726% | 8h | 8.3540 | +0.168% | $215K | $314K | 25x | as long as short |
OKX POET-USDT-SWAP
Bybit POETUSDT