Funding you earn now, next payment 00:00 UTC+0.0218%/8h= +23.9% APRnext payment +$1.09 per $10,000 · paid last 24h +0.025%
Price spread now: Bitget against KuCoin−0.066%7-day average −0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$710.710% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.066%, 7d avg −0.014%
=Funding pays, the price is against you. Bitget is 0.052% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of −0.014%). If the spread goes back, that is −$5 on $10k: about 19 hours of funding at the current rate (+$7 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.09 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 XPTUSDTM | 1,815.9 | 0.0100 | pay 0.0050% / 4h | 21m 09s | $202K | $19K | 75x |
| Short | Bitget XPTUSDT | 1,814.7 | 0.0318 | get 0.0159% / 4h | 21m 09s | $1.2M | $337K | 100x |
KuCoin XPTUSDTM
Bitget XPTUSDTFunding 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
- $45.78
- Price spread: −0.066% → −0.014%
- −$5.24
- Slippage, 4 orders
- −$46.99
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$30.45
- Costs to cover
- 0.710%
- Break-even
- 11.7 days
Slippage from KuCoin: live order book, 33 min ago; Bitget: live order book, 5 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, 33 min ago | 7.90 bp | 19.2 bp −$19 | 235.7 bp −$2,357 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 4.91 bp | 11.4 bp −$11 | 31.2 bp −$312 | doesn't fit | doesn't fit |
XPT on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX XPT-USDT | 0.0000% | 4h | 1,814.9 | −0.057% | $10K | $36K | 30x | as long as short |
| gTrade (Gains Network) XPT/USD | L +0.0006% / S −0.0006% | 1h | 1,813.9 | −0.115% | $233 | — | 150x | as long as short |
| Extended XPT-USD | +0.0032% | 1h | 1,813.9 | −0.112% | $207K | $454K | 10x | as long as short |
| Vest PL-PERP | +0.0046% | 1h | 1,814.8 | −0.062% | — | $50 | 25x | as long as short |
| tradeXYZ xyz:PLATINUM | +0.0066% | 1h | 1,815.4 | −0.029% | $3.6M | $1.1M | 20x | as long as short |
| Pacifica PLATINUM | +0.0100% | 1h | 1,814 | −0.106% | $17K | $20K | 10x | as long as short |
| KuCoin XPTUSDTMlong | +0.0100% | 4h | 1,815.9 | long leg | $202K | $19K | 75x | |
| Aevo PLATINUM-PERP | +0.0104% | 1h | 1,816.6 | +0.039% | $309 | — | 10x | as long as short |
| Variational Omni XPT | +0.0175% | 4h | 1,816.8 | +0.050% | $287K | $329K | — | as long as short |
| BloFin XPT-USDT | +0.0198% | 4h | 1,817.3 | +0.075% | $86K | $64K | 100x | as long as short |
HTX XPT-USDT
gTrade (Gains Network) XPT/USD
Extended XPT-USD
Vest PL-PERP
tradeXYZ xyz:PLATINUM
Pacifica PLATINUM
Aevo PLATINUM-PERP
Variational Omni XPT
BloFin XPT-USDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective XPT/USDC PERP | +0.0220% | 1h | 1,833.9 | +0.992% | $6K | $34K | 52x | as long as short |
| edgeX XPTUSDC | +0.0231% | 4h | 1,816.3 | +0.020% | $40K | $282K | 10x | as long as short |
| Gate XPT_USDT | +0.0232% | 4h | 1,817.3 | +0.076% | $678K | $351K | 100x | as long as short |
| MEXC XPT_USDT | +0.0238% | 4h | 1,815.5 | −0.023% | $24.1M | $645K | 100x | as long as short |
| Binance XPTUSDT | +0.0239% | 4h | 1,817.1 | +0.062% | $4.3M | $4.1M | 100x | as long as short |
| Paradex XPT-USD-PERP | +0.0285% | 8h | 1,816.8 | +0.048% | $3K | — | 5x | as long as short |
| Aster XPTUSDT | +0.0303% | 4h | 1,816.4 | +0.025% | $15K | $12K | 20x | as long as short |
| Bitget XPTUSDTshort | +0.0318% | 4h | 1,814.7 | −0.066% | $1.2M | $337K | 100x | |
| Lighter XPT | +0.0408% | 1h | 1,817.5 | +0.086% | $359K | $19K | 20x | as long as short |
| GRVT XPT_USDT_Perp | +0.0590% | 4h | 1,816.4 | +0.026% | $206K | $1.1M | 25x | as long as short |
| OKX XPT-USDT-SWAP | +0.0703% | 8h | 1,817.5 | +0.086% | $917K | $523K | 50x | as long as short |
Injective XPT/USDC PERP
edgeX XPTUSDC
Gate XPT_USDT
MEXC XPT_USDT
Binance XPTUSDT
Paradex XPT-USD-PERP
Aster XPTUSDT
Lighter XPT
GRVT XPT_USDT_Perp
OKX XPT-USDT-SWAP