Funding you earn now, next payment 12:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.35 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against KuCoin+0.385%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$213as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$2132.135% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)−0.397%−$40 · spread now +0.385%, 7d avg −0.057%
=The price spread pays, funding is against you. Bitget is 0.441% dearer against KuCoin than usual: you sell high and buy low (spread +0.385% now, against its 7-day average of −0.057%): +$44 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 21 days. At the pace of the last 7 days (0.000% in total) that is about years.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NILUSDTM | 0.08058 | 0.0170 | pay 0.0085% / 4h | 1h 53m | $641K | $661K | 30x |
| Short | Bitget NILUSDT | 0.08089 | 0.0100 | get 0.0050% / 4h | 1h 53m | $2.3M | $6.8M | 50x |
KuCoin NILUSDTM
Bitget NILUSDTFunding 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
- −$14.7
- Price spread: +0.385% → −0.057%
- $44.14
- Slippage, 4 orders
- −$189.47
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$184.02
- Costs to cover
- 2.135%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 52 min ago; Bitget: live order book, 3 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, 52 min ago | 18.86 bp | 82.5 bp −$82 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 8.66 bp | 25.4 bp −$25 | 136.7 bp −$1,367 | doesn't fit | doesn't fit |
NIL on 12 exchanges
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 NIL-USDT | +0.0043% | 4h | 0.08061 | +0.037% | $399K | $135K | 50x | as long as short |
| BingX NIL-USDT | +0.0070% | 4h | 0.08086 | +0.347% | — | $8.1M | — | as long as short |
| Hyperliquid NIL | +0.0100% | 1h | 0.08099 | +0.508% | $5.2M | $5.0M | 3x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.08060 | +0.025% | $36K | $209K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.08054 | −0.047% | $6.1M | $50.5M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.08061 | +0.037% | $4.6M | $10.8M | 20x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.08060 | +0.025% | $2.9M | $3.3M | 100x | as long as short |
| Bitget NILUSDTshort | +0.0100% | 4h | 0.08089 | +0.385% | $2.3M | $6.8M | 50x | |
| Variational Omni NIL | +0.0100% | 4h | 0.08068 | +0.130% | $195K | $258K | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.08072 | +0.173% | $22K | $190K | 5x | as long as short |
BloFin NIL-USDT
BingX NIL-USDT
Hyperliquid NIL
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
MEXC NIL_USDT
Variational Omni NIL
Extended NIL-USDShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NILUSDTMlong | +0.0170% | 4h | 0.08058 | long leg | $641K | $661K | 30x | |
| Gate NIL_USDT | +0.0476% | 4h | 0.08080 | +0.273% | $494K | $1.5M | 50x | as long as short |
Gate NIL_USDT