Settings8H · net · $10k
Funding arb · Price arb /

B

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0426%/8h= −46.6% APRnext payment $2.13 per $10,000 · paid last 24h −0.015%
Price spread now: KuCoin against Bitget−0.005%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$754as in the Funding arb table
Net, price: spread back to 7d avg − costs−$757as in the Price arb table
costs, in and out, $10k−$7557.553% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.013%+$1 on $10k
Price spread, last 7 days−0.107%−$11 · spread now −0.005%, 7d avg +0.011%
Together, before fees−0.095%−$9 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.013% in total (about 0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.13 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BUSDT0.19990.0526pay 0.0263% / 4h2h 27m$2.7M$317K10x
ShortKuCoin BUSDTM0.19990.0100get 0.0050% / 4h2h 27m$1.8M$80K10x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$89.46
Price spread: −0.005% → +0.011%
−$1.58
Slippage, 4 orders
−$731.33
Fee Bitget: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$846.37
Costs to cover
7.553%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago5.00 bp25.3 bp −$25345.0 bp −$3,450doesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago17.01 bp240.4 bp −$240doesn't fitdoesn't fitdoesn't fit

B on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit BUSDT+0.0100%4h0.1998−0.075%$1.8M$950K13xas long as short
Gate B_USDT+0.0100%4h0.1996−0.150%$3.4M$631K20xas long as short
KuCoin BUSDTMshort+0.0100%4h0.1999−0.005%$1.8M$80K10x
edgeX BUSDC+0.0361%4h0.2004+0.237%$3K$387K5xas long as short
Extended B-USD+0.0368%1h0.2000+0.054%$15K$198K5xas long as short
MEXC B_USDT+0.0370%4h0.2000+0.050%$965K$376K100xas long as short
Binance BUSDT+0.0370%4h0.2001+0.100%$11.6M$2.0M20xas long as short
BloFin B-USDT+0.0378%4h0.2001+0.100%$595K$37K20xas long as short
BingX B-USDT+0.0502%4h0.2000+0.050%$1.3Mas long as short
Bitget BUSDTlong+0.0526%4h0.1999long leg$2.7M$317K10x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BUSDT+0.1021%4h0.2001+0.095%$1.9M$224K5xas long as short