Funding you earn now, next payment 12:00 UTC−0.1426%/8h= −156.1% APRnext payment −$7.13 per $10,000 · paid last 24h −0.191%
Price spread now: KuCoin against Bitget−0.531%7-day average −0.140% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,031as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,037as in the Price arb table
costs, in and out, $10k−$9989.982% of the position
Funding, last 7 days−0.325%−$32 on $10k
+Price spread, last 7 days+0.509%+$51 · spread now −0.531%, 7d avg −0.140%
=Both sides work against this trade now: funding costs −$43 a day on $10k at the current rate, and KuCoin is 0.391% cheaper against Bitget than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.140%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.325% in total (about -16.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.13 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget USUSDT | 0.01506 | 0.0100 | pay 0.0050% / 4h | 1h 53m | $4.0M | $328K | 10x |
| Short | KuCoin USUSDTM | 0.01498 | −0.1326 | pay 0.0663% / 4h | 1h 53m | $3.1M | $682K | 20x |
Bitget USUSDT
KuCoin USUSDTMFunding 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
- −$299.46
- Price spread: −0.531% → −0.140%
- −$39.11
- Slippage, 4 orders
- −$974.21
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,336.78
- Costs to cover
- 9.982%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; KuCoin: 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 Bitget live order book, 3 min ago | 14.60 bp | 68.6 bp −$69 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 27.03 bp | 388.5 bp −$389 | doesn't fit | doesn't fit | doesn't fit |
US on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTMshort | −0.1326% | 4h | 0.01498 | −0.531% | $3.1M | $682K | 20x | |
| Binance USUSDT | +0.0100% | 4h | 0.01507 | +0.053% | $8.5M | $3.7M | 10x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01509 | +0.153% | $3.0M | $1.2M | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01503 | −0.252% | $1.9M | $769K | 20x | as long as short |
| MEXC US_USDT | +0.0100% | 4h | 0.01507 | +0.053% | $5.1M | $133K | 100x | as long as short |
| Bitget USUSDTlong | +0.0100% | 4h | 0.01506 | long leg | $4.0M | $328K | 10x | |
| BingX US-USDT | +0.0100% | 4h | 0.01508 | +0.119% | — | $1.3M | — | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01507 | +0.021% | $15K | $4K | — | as long as short |
| Extended US-USD | +0.0104% | 1h | 0.01507 | +0.020% | $2K | $204K | 5x | as long as short |
| BloFin US-USDT | +0.0117% | 4h | 0.01506 | −0.020% | $460K | $45K | 10x | as long as short |
Binance USUSDT
Bybit USUSDT
Gate US_USDT
MEXC US_USDT
BingX US-USDT
Variational Omni US
Extended US-USD
BloFin US-USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster USUSDT | +0.0173% | 4h | 0.01505 | −0.086% | $14K | $50K | 5x | as long as short |
Aster USUSDT