Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.406%
Price spread now: KuCoin against Bitget−0.177%7-day average +0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$303as in the Funding arb table
Net, price: spread back to 7d avg − costs−$374as in the Price arb table
costs, in and out, $10k−$3493.493% of the position
Funding, last 7 days+0.464%+$46 on $10k
+Price spread, last 7 days+0.286%+$29 · spread now −0.177%, 7d avg +0.067%
=Funding pays, the price is against you. KuCoin is 0.245% cheaper against Bitget than usual: you would sell low and buy high (spread −0.177% now, against its 7-day average of +0.067%). If the spread goes back, that is −$24 on $10k: about 8.2 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.464% in total) that is about 3.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BNCUSDT | 6.6578 | 0 | get 0.0000% / 8h | 13m 51s | $1.2M | $3.6M | 5x |
| Short | KuCoin BNCUSDTM | 6.6460 | 0.0100 | get 0.0100% / 8h | 13m 51s | $57K | $3.0M | 20x |
Bitget BNCUSDT
KuCoin BNCUSDTMFunding 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
- $21
- Price spread: −0.177% → +0.067%
- −$24.45
- Slippage, 4 orders
- −$325.34
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$352.79
- Costs to cover
- 3.493%
- Break-even
- 124.6 days
Slippage from Bitget: live order book, 4 min ago; KuCoin: 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 Bitget live order book, 4 min ago | 5.19 bp | 24.8 bp −$25 | 77.1 bp −$771 | 134.2 bp −$13.4K | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 12.79 bp | 153.3 bp −$153 | doesn't fit | doesn't fit | doesn't fit |
BNC on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| QFEX BNC-USD | −0.0019% | 1h | 6.6400 | −0.267% | $54K | $40K | 10x | as long as short |
| Bybit BNCUSDT | 0.0000% | 8h | 6.6470 | −0.162% | $588K | $2.4M | 25x | as long as short |
| Bitget BNCUSDTlong | 0.0000% | 8h | 6.6578 | long leg | $1.2M | $3.6M | 5x | |
| Bullet BNC-USD | 0.0000% | 1h | 6.6456 | −0.183% | $10K | $74K | 10x | as long as short |
| KuCoin BNCUSDTMshort | +0.0100% | 8h | 6.6460 | −0.177% | $57K | $3.0M | 20x | |
| HTX BNC-USDT | +0.0268% | 8h | 6.6420 | −0.237% | $14K | $32K | 10x | as long as short |
| Aster BNCUSD1 | +0.0300% | 8h | 6.6355 | −0.334% | $190K | $23K | 10x | as long as short |
| Variational Omni BNC | +0.0654% | 8h | 6.6375 | −0.304% | $127K | $114K | — | as long as short |
| Binance BNCUSDT | +0.0836% | 8h | 6.6450 | −0.192% | $15.6M | $36.8M | 10x | as long as short |
QFEX BNC-USD
Bybit BNCUSDT
Bullet BNC-USD
HTX BNC-USDT
Aster BNCUSD1
Variational Omni BNC
Binance BNCUSDT