Funding you earn now, next payment 08:00 UTC−0.0512%/8h= −56.1% APRnext payment −$2.56 per $10,000 · paid last 24h −0.044%
Price spread now: KuCoin against Bitget+0.148%7-day average −0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,087as in the Price arb table
costs, in and out, $10k−$1,11011.098% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)−0.150%−$15 · spread now +0.148%, 7d avg −0.075%
=The price spread pays, funding is against you. KuCoin is 0.223% dearer against Bitget than usual: you sell high and buy low (spread +0.148% now, against its 7-day average of −0.075%): +$22 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 7 days (−0.009% in total) that is about 6 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.009% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.56 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 | Bitget GWEIUSDT | 0.02362 | 0.0860 | pay 0.0430% / 4h | 11m 33s | $2.0M | $492K | 20x |
| Short | KuCoin GWEIUSDTM | 0.02365 | 0.0348 | get 0.0174% / 4h | 11m 33s | $467K | $36K | 20x |
Bitget GWEIUSDT
KuCoin GWEIUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$107.52
- Price spread: +0.148% → −0.075%
- $22.34
- Slippage, 4 orders
- −$1,085.8
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,194.98
- Costs to cover
- 11.098%
- Break-even
- never at this rate
Slippage from Bitget: live order book, just now; KuCoin: live order book, 22 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 Bitget live order book, just now | 4.23 bp | 32.7 bp −$33 | 286.0 bp −$2,860 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 22 min ago | 15.01 bp | 293.8 bp −$294 | doesn't fit | doesn't fit | doesn't fit |
GWEI on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate GWEI_USDT | +0.0100% | 4h | 0.02359 | −0.135% | $403K | $608K | 10x | as long as short |
| Variational Omni GWEI | +0.0100% | 4h | 0.02363 | +0.027% | $5K | $1K | — | as long as short |
| Bybit GWEIUSDT | +0.0101% | 4h | 0.02365 | +0.127% | $394K | $282K | 25x | as long as short |
| BloFin GWEI-USDT | +0.0186% | 4h | 0.02366 | +0.169% | $164K | $42K | 50x | as long as short |
| Extended GWEI-USD | +0.0216% | 1h | 0.02365 | +0.121% | $6K | $220K | 5x | as long as short |
| MEXC GWEI_USDT | +0.0216% | 4h | 0.02365 | +0.127% | $129K | $94K | 20x | as long as short |
| Binance GWEIUSDT | +0.0220% | 4h | 0.02365 | +0.148% | $2.5M | $5.5M | 50x | as long as short |
| KuCoin GWEIUSDTMshort | +0.0348% | 4h | 0.02365 | +0.148% | $467K | $36K | 20x | |
| BingX GWEI-USDT | +0.0810% | 4h | 0.02364 | +0.085% | — | $1.6M | — | as long as short |
| Bitget GWEIUSDTlong | +0.0860% | 4h | 0.02362 | long leg | $2.0M | $492K | 20x |
Gate GWEI_USDT
Variational Omni GWEI
Bybit GWEIUSDT
BloFin GWEI-USDT
Extended GWEI-USD
MEXC GWEI_USDT
Binance GWEIUSDT
BingX GWEI-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GWEIUSDT | +0.1196% | 4h | 0.02362 | 0.000% | $19K | $32K | 10x | as long as short |
Aster GWEIUSDT