Funding you earn now, next payment 08:00 UTC−0.0249%/8h= −27.3% APRnext payment −$2.49 per $10,000 · paid last 24h +0.015%
Price spread now: Bitget against KuCoin+0.026%7-day average −0.196% · you sell dearer than you buy
Net, funding: paid 7d − costs−$842as in the Funding arb table
Net, price: spread back to 7d avg − costs−$803as in the Price arb table
costs, in and out, $10k−$8258.250% of the position
Funding, last 7 days−0.168%−$17 on $10k
+Price spread, last 7 days−0.215%−$22 · spread now +0.026%, 7d avg −0.196%
=The price spread pays, funding is against you. Bitget is 0.222% dearer against KuCoin than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.196%): +$22 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.168% in total) that is about 9.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.168% in total (about -8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.49 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 SHEINHKDUSDTM | 38.620 | 0.0100 | pay 0.0100% / 8h | 1h 53m | $18K | $2.6M | 20x |
| Short | Bitget SHEINHKDUSDT | 38.630 | −0.0149 | pay 0.0149% / 8h | 1h 53m | $335K | $1.5M | 20x |
KuCoin SHEINHKDUSDTM
Bitget SHEINHKDUSDTFunding 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
- −$52.29
- Price spread: +0.026% → −0.196%
- $22.22
- Slippage, 4 orders
- −$800.95
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$855.02
- Costs to cover
- 8.250%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago | 5.17 bp | 376.6 bp −$377 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 19.37 bp | 25.4 bp −$25 | 29.8 bp −$298 | 103.4 bp −$10.3K | doesn't fit |
SHEINHKD on 2 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 SHEINHKDUSDTshort | −0.0149% | 8h | 38.630 | +0.026% | $335K | $1.5M | 20x | |
| KuCoin SHEINHKDUSDTMlong | +0.0100% | 8h | 38.620 | long leg | $18K | $2.6M | 20x |