Funding you earn now, next payment 16:00 UTC−0.0284%/8h= −31.1% APRnext payment −$2.84 per $10,000 · paid last 24h −0.053%
Price spread now: Bitget against KuCoin+0.098%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,206as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,180as in the Price arb table
costs, in and out, $10k−$1,18811.875% of the position
Funding, last 7 days−0.188%−$19 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.098%, 7d avg +0.026%
=The price spread pays, funding is against you. Bitget is 0.072% dearer against KuCoin than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of +0.026%): +$7 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.188% in total) that is about 2.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.188% in total (about -9.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.84 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 TERUSDTM | 376.19 | 0.0100 | pay 0.0100% / 8h | 7h 38m | $227K | $134K | 20x |
| Short | Bitget TERUSDT | 376.56 | −0.0184 | pay 0.0184% / 8h | 7h 38m | $239K | $156K | 20x |
KuCoin TERUSDTM
Bitget TERUSDTFunding 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
- −$59.64
- Price spread: +0.098% → +0.026%
- $7.19
- Slippage, 4 orders
- −$1,163.51
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$1,239.96
- Costs to cover
- 11.875%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 53 min ago; Bitget: live order book, 56 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, 53 min ago | 12.97 bp | 366.1 bp −$366 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 56 min ago | 15.34 bp | 95.7 bp −$96 | 110.3 bp −$1,103 | doesn't fit | doesn't fit |
TER on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:TER | −1.1610% | 1h | 377.02 | +0.221% | $118K | $57K | 10x | as long as short |
| Bybit TERUSDT | −0.0250% | 8h | 376.45 | +0.069% | $252K | $128K | 25x | as long as short |
| Bitget TERUSDTshort | −0.0184% | 8h | 376.56 | +0.098% | $239K | $156K | 20x | |
| Binance TERUSDT | 0.0000% | 8h | 376.52 | +0.088% | $519K | $1.0M | 25x | as long as short |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 375.43 | −0.202% | $203K | $177K | 20x | as long as short |
| Gate TER_USDT | 0.0000% | 8h | 376.70 | +0.136% | $295K | $195K | 20x | as long as short |
| Variational Omni TER | 0.0000% | 8h | 376.15 | −0.011% | $48K | $52K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 377.65 | +0.389% | $35K | $4K | 10x | as long as short |
| KuCoin TERUSDTMlong | +0.0100% | 8h | 376.19 | long leg | $227K | $134K | 20x | |
| HTX TER-USDT | +0.0100% | 8h | 377.21 | +0.271% | $3K | $39K | 10x | as long as short |
Paragon para:TER
Bybit TERUSDT
Binance TERUSDT
OKX TER-USDT-SWAP
Gate TER_USDT
Variational Omni TER
Extended TER_24_5-USD
HTX TER-USDT