Funding you earn now, next payment 00:00 UTC+0.0204%/8h= +22.3% APRnext payment +$1.02 per $10,000 · paid last 24h −0.039%
Price spread now: Bitget against KuCoin+0.039%7-day average −0.160% · you sell dearer than you buy
Net, funding: paid 7d − costs−$301as in the Funding arb table
Net, price: spread back to 7d avg − costs−$253as in the Price arb table
costs, in and out, $10k−$2732.728% of the position
Funding, last 7 days−0.277%−$28 on $10k
+Price spread, last 4 days (all we have)−0.217%−$22 · spread now +0.039%, 7d avg −0.160%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bitget is 0.199% dearer against KuCoin than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.160%. Mind the row above: over the last 7 days funding on this pair cost −0.277%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TUSDTM | 0.005181 | −0.0996 | get 0.0498% / 4h | 1h 06m | $1.4M | $108K | 12x |
| Short | Bitget TUSDT | 0.005183 | −0.0792 | pay 0.0396% / 4h | 1h 06m | $889K | $760K | 50x |
KuCoin TUSDTM
Bitget TUSDTFunding 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
- $42.84
- Price spread: +0.039% → −0.160%
- $19.87
- Slippage, 4 orders
- −$248.82
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$210.11
- Costs to cover
- 2.728%
- Break-even
- 41.3 days
Slippage from KuCoin: live order book, 3 min ago; Bitget: live order book, 9 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, 3 min ago | 9.66 bp | 117.4 bp −$117 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 9 min ago | 2.90 bp | 30.3 bp −$30 | 114.8 bp −$1,148 | doesn't fit | doesn't fit |
T on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSD | −0.4818% | 1h | 0.005184 | +0.060% | $2K | $2K | 10x | as long as short |
| Bybit TUSDT | −0.1068% | 4h | 0.005188 | +0.135% | $1.6M | $2.2M | 25x | as long as short |
| KuCoin TUSDTMlong | −0.0996% | 4h | 0.005181 | long leg | $1.4M | $108K | 12x | |
| Variational Omni T | −0.0947% | 4h | 0.005181 | +0.006% | $7K | $13K | — | as long as short |
| Gate T_USDT | −0.0946% | 4h | 0.005193 | +0.232% | $215K | $120K | 20x | as long as short |
| Bitget TUSDTshort | −0.0792% | 4h | 0.005183 | +0.039% | $889K | $760K | 50x | |
| Binance TUSDT | −0.0690% | 4h | 0.005190 | +0.174% | $3.3M | $10.2M | 50x | as long as short |
| MEXC T_USDT | −0.0672% | 4h | 0.005189 | +0.154% | $3.2M | $266K | 20x | as long as short |
Kraken Futures PF_TUSD
Bybit TUSDT
Variational Omni T
Gate T_USDT
Binance TUSDT
MEXC T_USDT