Funding you earn now, next payment 00:00 UTC−0.0547%/8h= −59.9% APRnext payment −$5.47 per $10,000 · paid last 24h +0.055%
Price spread now: KuCoin against Bitget−0.145%7-day average +0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$711as in the Funding arb table
Net, price: spread back to 7d avg − costs−$808as in the Price arb table
costs, in and out, $10k−$7857.848% of the position
Funding, last 7 days+0.742%+$74 on $10k
+Price spread, last 4 days (all we have)+0.319%+$32 · spread now −0.145%, 7d avg +0.086%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and KuCoin is 0.231% cheaper against Bitget than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.086%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.742%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TENCENTHKDUSDT | 433.90 | 0 | get 0.0000% / 8h | 44m 11s | $463K | $312K | 20x |
| Short | KuCoin TENCENTHKDUSDTM | 433.27 | −0.0547 | pay 0.0547% / 8h | 44m 11s | $30K | $1.4M | 20x |
Bitget TENCENTHKDUSDT
KuCoin TENCENTHKDUSDTMFunding 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
- −$114.87
- Price spread: −0.145% → +0.086%
- −$23.12
- Slippage, 4 orders
- −$760.77
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$922.76
- Costs to cover
- 7.848%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 27 min ago; KuCoin: live order book, 1 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, 27 min ago | 11.07 bp | 18.0 bp −$18 | 24.6 bp −$246 | 128.7 bp −$12.9K | doesn't fit |
| Sell KuCoin live order book, 1 min ago | 1.04 bp | 340.5 bp −$341 | doesn't fit | doesn't fit | doesn't fit |
TENCENTHKD on 3 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TENCENTHKDUSDTMshort | −0.0547% | 8h | 433.27 | −0.145% | $30K | $1.4M | 20x | |
| Gate TENCENTHKD_USDT | 0.0000% | 8h | 430.10 | −0.876% | $341K | $20K | 20x | as long as short |
| Bitget TENCENTHKDUSDTlong | 0.0000% | 8h | 433.90 | long leg | $463K | $312K | 20x |
Gate TENCENTHKD_USDT