Funding you earn now, next payment 08:00 UTC+0.0438%/8h= +48.0% APRnext payment +$4.38 per $10,000 · paid last 24h +0.008%
Price spread now: Bitget against KuCoin−0.372%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$833as in the Funding arb table
Net, price: spread back to 7d avg − costs−$794as in the Price arb table
costs, in and out, $10k−$7657.653% of the position
Funding, last 7 days−0.679%−$68 on $10k
+Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.372%, 7d avg −0.086%
=Funding pays, the price is against you. Bitget is 0.286% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.372% now, against its 7-day average of −0.086%). If the spread goes back, that is −$29 on $10k: about 2.2 days of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −0.679%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TENCENTHKDUSDTM | 435.76 | −0.0438 | get 0.0438% / 8h | 7h 51m | $33K | $1.4M | 20x |
| Short | Bitget TENCENTHKDUSDT | 434.14 | 0 | get 0.0000% / 8h | 7h 51m | $466K | $314K | 20x |
KuCoin TENCENTHKDUSDTM
Bitget TENCENTHKDUSDTFunding 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
- $91.98
- Price spread: −0.372% → −0.086%
- −$28.57
- Slippage, 4 orders
- −$741.26
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$701.86
- Costs to cover
- 7.653%
- Break-even
- 60.4 days
Slippage from KuCoin: live order book, 4 min ago; Bitget: 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 KuCoin live order book, 4 min ago | 0.12 bp | 271.1 bp −$271 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 14 min ago | 11.76 bp | 34.0 bp −$34 | 139.9 bp −$1,399 | 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 TENCENTHKDUSDTMlong | −0.0438% | 8h | 435.76 | long leg | $33K | $1.4M | 20x | |
| Gate TENCENTHKD_USDT | 0.0000% | 8h | 430.10 | −1.299% | $341K | $20K | 20x | as long as short |
| Bitget TENCENTHKDUSDTshort | 0.0000% | 8h | 434.14 | −0.372% | $466K | $314K | 20x |
Gate TENCENTHKD_USDT