Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.045%
Price spread now: Bitget against KuCoin+0.059%7-day average −0.196% · 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−$949as in the Price arb table
costs, in and out, $10k−$9759.749% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.059%, 7d avg −0.196%
=The price spread pays, funding is against you. Bitget is 0.255% dearer against KuCoin than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of −0.196%): +$25 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.5 days. At the pace of the last 7 days (−0.047% in total) that is about 38 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SONYUSDTM | 23.630 | 0.0100 | pay 0.0100% / 8h | 7h 44m | $61K | $368K | 20x |
| Short | Bitget SONYUSDT | 23.644 | 0 | get 0.0000% / 8h | 7h 44m | $149K | $8K | 20x |
KuCoin SONYUSDTM
Bitget SONYUSDTFunding 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
- −$21
- Price spread: +0.059% → −0.196%
- $25.48
- Slippage, 4 orders
- −$950.89
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$970.41
- Costs to cover
- 9.749%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 48 min ago; Bitget: live order book, 45 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, 48 min ago | 23.25 bp | 545.1 bp −$545 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 45 min ago | 11.83 bp | 34.6 bp −$35 | 51.4 bp −$514 | 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 | 23.655 | +0.104% | $346K | $254K | 20x | as long as short |
| OKX SONY-USDT-SWAP | 0.0000% | 8h | 23.670 | +0.169% | $75K | $28K | 10x | as long as short |
| Gate SONY_USDT | 0.0000% | 8h | 23.654 | +0.102% | $64K | $1K | 20x | as long as short |
| Bitget SONYUSDTshort | 0.0000% | 8h | 23.644 | +0.059% | $149K | $8K | 20x | |
| Variational Omni SONY | 0.0000% | 8h | 23.651 | +0.089% | $46K | $9K | — | as long as short |
| KuCoin SONYUSDTMlong | +0.0100% | 8h | 23.630 | long leg | $61K | $368K | 20x | |
| HTX SONY-USDT | +0.0100% | 8h | 23.670 | +0.169% | $8K | $7K | 10x | as long as short |
| Bybit SONYUSDT | +0.2057% | 8h | 23.660 | +0.127% | $98K | $32K | 25x | as long as short |
Binance SONYUSDT
OKX SONY-USDT-SWAP
Gate SONY_USDT
Variational Omni SONY
HTX SONY-USDT
Bybit SONYUSDT