EUL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0402%/8h= −44.0% APRnext payment −$2.01 per $10,000 · paid last 24h −0.125%

Price spread now: Bitget against KuCoin+0.007%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$436as in the Funding arb table

Net, price: spread back to 7d avg − costs−$416as in the Price arb table

costs, in and out, $10k−$4194.186% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.176%−$18 on $10k

Price spread, last 4 days (all we have)−0.115%−$11 · spread now +0.007%, 7d avg −0.022%

Together, before fees−0.291%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.029% dearer against KuCoin than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.022%): +$3 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.176% in total) that is about 28 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.176% in total (about -9.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.01 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 EULUSDTM	1.4279	0.0502	pay 0.0251% / 4h	20m 07s	$310K	$54K	25x
Short	Bitget EULUSDT	1.4280	0.0100	get 0.0050% / 4h	20m 07s	$2.2M	$297K	25x

Funding 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 it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee BitgetbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$84.42
Price spread: +0.007% → −0.022%: $2.92
Slippage, 4 orders: −$394.58
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$500.08
Costs to cover: 4.186%
Break-even: never at this rate

Slippage from KuCoin: live order book, 61 min ago; Bitget: live order book, 2 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, 61 min ago	7.67 bp	212.5 bp −$213	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	3.50 bp	34.7 bp −$35	151.5 bp −$1,515	doesn't fit	doesn't fit

EUL on 12 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
BloFin EUL-USDT	+0.0078%	4h	1.4249	−0.210%	$301K	$8K	25x	as long as short
Aster EULUSDT	+0.0100%	4h	1.4253	−0.180%	$36K	$7K	5x	as long as short
Binance EULUSDT	+0.0100%	4h	1.4266	−0.088%	$3.2M	$5.1M	25x	as long as short
Bybit EULUSDT	+0.0100%	4h	1.4273	−0.042%	$1.6M	$1.3M	25x	as long as short
Gate EUL_USDT	+0.0100%	4h	1.4270	−0.063%	$315K	$715K	25x	as long as short
MEXC EUL_USDT	+0.0100%	4h	1.4259	−0.140%	$490K	$123K	20x	as long as short
Bitget EULUSDTshort	+0.0100%	4h	1.4280	+0.007%	$2.2M	$297K	25x
BingX EUL-USDT	+0.0100%	4h	1.4274	−0.035%	—	$6.6M	—	as long as short
Variational Omni EUL	+0.0100%	4h	1.4260	−0.134%	$12K	$1K	—	as long as short
HTX EUL-USDT	+0.0100%	4h	1.4299	+0.140%	$130K	$43K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX EULUSDC	+0.0111%	4h	1.4263	−0.109%	$17K	$272K	10x	as long as short
KuCoin EULUSDTMlong	+0.0502%	4h	1.4279	long leg	$310K	$54K	25x