Funding you earn now, next payment 08:00 UTC+0.0245%/8h= +26.8% APRnext payment +$2.45 per $10,000 · paid last 24h +0.046%
Price spread now: KuCoin against Bitget−0.051%7-day average +0.200% · you buy dearer than you sell
Net, funding: paid 7d − costs−$971as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,000as in the Price arb table
costs, in and out, $10k−$9759.749% of the position
Funding, last 7 days+0.043%+$4 on $10k
+Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.051%, 7d avg +0.200%
=Funding pays, the price is against you. KuCoin is 0.250% cheaper against Bitget than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of +0.200%). If the spread goes back, that is −$25 on $10k: about 3.4 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.043% in total) that is about 41 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.043% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.45 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 SONYUSDT | 23.672 | 0 | get 0.0000% / 8h | 18m 54s | $149K | $8K | 20x |
| Short | KuCoin SONYUSDTM | 23.660 | 0.0245 | get 0.0245% / 8h | 18m 54s | $61K | $344K | 20x |
Bitget SONYUSDT
KuCoin SONYUSDTMFunding 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
- $51.45
- Price spread: −0.051% → +0.200%
- −$25.04
- Slippage, 4 orders
- −$950.89
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$948.48
- Costs to cover
- 9.749%
- Break-even
- 136.0 days
Slippage from Bitget: live order book, 11 min ago; KuCoin: live order book, 14 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, 11 min ago | 11.83 bp | 55.7 bp −$56 | 63.2 bp −$632 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 14 min ago | 23.25 bp | 339.5 bp −$340 | doesn't fit | doesn't fit | doesn't fit |
SONY on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SONYUSDT | 0.0000% | 8h | 23.686 | +0.058% | $347K | $253K | 20x | as long as short |
| Bybit SONYUSDT | 0.0000% | 8h | 23.670 | −0.008% | $98K | $32K | 25x | as long as short |
| OKX SONY-USDT-SWAP | 0.0000% | 8h | 23.670 | −0.008% | $75K | $28K | 10x | as long as short |
| Gate SONY_USDT | 0.0000% | 8h | 23.682 | +0.042% | $64K | $1K | 20x | as long as short |
| Bitget SONYUSDTlong | 0.0000% | 8h | 23.672 | long leg | $149K | $8K | 20x | |
| Variational Omni SONY | 0.0000% | 8h | 23.676 | +0.016% | $47K | $9K | — | as long as short |
| HTX SONY-USDT | +0.0100% | 8h | 23.650 | −0.093% | $8K | $9K | 10x | as long as short |
| KuCoin SONYUSDTMshort | +0.0245% | 8h | 23.660 | −0.051% | $61K | $344K | 20x |
Binance SONYUSDT
Bybit SONYUSDT
OKX SONY-USDT-SWAP
Gate SONY_USDT
Variational Omni SONY
HTX SONY-USDT