NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0228%/8h= +25.0% APRnext payment +$1.14 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against KuCoin+0.217%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$284as in the Funding arb table

Net, price: spread back to 7d avg − costs−$279as in the Price arb table

costs, in and out, $10k−$2912.907% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.217%, 7d avg +0.103%

Together, before fees−0.043%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.115% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.103%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.068% in total (about 3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.14 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 NOTUSDTM	0.0005059	−0.0128	get 0.0064% / 4h	1h 52m	$463K	$130K	50x
Short	Bitget NOTUSDT	0.0005070	0.0100	get 0.0050% / 4h	1h 52m	$672K	$409K	50x

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 +0.217%Rate

Funding earned: $47.88
Price spread: +0.217% → +0.103%: $11.46
Slippage, 4 orders: −$266.66
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$231.31
Costs to cover: 2.907%
Break-even: 40.8 days

Slippage from KuCoin: live order book, 45 min ago; Bitget: live order book, 7 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, 45 min ago	20.74 bp	99.0 bp −$99	593.1 bp −$5,931	doesn't fit	doesn't fit
Sell Bitget live order book, 7 min ago	6.89 bp	26.2 bp −$26	162.7 bp −$1,627	doesn't fit	doesn't fit

NOT on 15 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
Variational Omni NOT	−0.0259%	4h	0.0005078	+0.369%	$71K	$39K	—	as long as short
KuCoin NOTUSDTMlong	−0.0128%	4h	0.0005059	long leg	$463K	$130K	50x
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.657%	$1K	$13K	5.5x	as long as short
Bybit NOTUSDT	+0.0080%	4h	0.0005062	+0.059%	$2.1M	$858K	25x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005080	+0.423%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	+0.217%	$370K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005069	+0.192%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005072	+0.253%	$2.1M	$3.1M	50x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005072	+0.257%	$636K	$650K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005062	+0.059%	$143K	$67K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005069	+0.198%	$1.3M	$437K	200x	as long as short
Bitget NOTUSDTshort	+0.0100%	4h	0.0005070	+0.217%	$672K	$409K	50x
BingX NOT-USDT	+0.0100%	4h	0.0005066	+0.138%	—	$8.8M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005069	+0.190%	$4K	$491	5x	as long as short
Kraken Futures PF_NOTUSD	+0.1938%	1h	0.0005105	+0.911%	$50K	$9K	10x	as long as short