Funding you earn now, next payment 00:00 UTC−0.0942%/8h= −103.1% APRnext payment −$4.71 per $10,000 · paid last 24h +0.039%
Price spread now: KuCoin against Bitget−0.158%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$865as in the Funding arb table
Net, price: spread back to 7d avg − costs−$889as in the Price arb table
costs, in and out, $10k−$8728.716% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 7 days+0.138%+$14 · spread now −0.158%, 7d avg +0.013%
=Both sides work against this trade now: funding costs −$28 a day on $10k at the current rate, and KuCoin is 0.171% cheaper against Bitget than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.013%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.063%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.063% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.71 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 | Bitget BUSDT | 0.2023 | 0.1042 | pay 0.0521% / 4h | 2h 07m | $2.7M | $230K | 10x |
| Short | KuCoin BUSDTM | 0.2020 | 0.0100 | get 0.0050% / 4h | 2h 07m | $1.9M | $71K | 10x |
Funding 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
- −$197.82
- Price spread: −0.158% → +0.013%
- −$17.1
- Slippage, 4 orders
- −$847.64
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,086.56
- Costs to cover
- 8.716%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 10 min ago; KuCoin: 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 Bitget live order book, 10 min ago | 4.93 bp | 32.8 bp −$33 | 332.5 bp −$3,325 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 10.62 bp | 389.7 bp −$390 | doesn't fit | doesn't fit | doesn't fit |
B on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate B_USDT | +0.0100% | 4h | 0.2020 | −0.148% | $3.4M | $596K | 20x | as long as short |
| KuCoin BUSDTMshort | +0.0100% | 4h | 0.2020 | −0.158% | $1.9M | $71K | 10x | |
| edgeX BUSDC | +0.0858% | 4h | 0.2024 | +0.043% | $3K | $391K | 5x | as long as short |
| MEXC B_USDT | +0.0858% | 4h | 0.2022 | −0.049% | $966K | $345K | 100x | as long as short |
| Binance BUSDT | +0.0860% | 4h | 0.2023 | −0.022% | $11.7M | $2.0M | 20x | as long as short |
| Extended B-USD | +0.0864% | 1h | 0.2022 | −0.034% | $15K | $117K | 5x | as long as short |
| Bybit BUSDT | +0.0870% | 4h | 0.2020 | −0.148% | $1.7M | $947K | 13x | as long as short |
| BloFin B-USDT | +0.0885% | 4h | 0.2027 | +0.198% | $595K | $39K | 20x | as long as short |
| BingX B-USDT | +0.0982% | 4h | 0.2022 | −0.049% | — | $1.2M | — | as long as short |
| Bitget BUSDTlong | +0.1042% | 4h | 0.2023 | long leg | $2.7M | $230K | 10x |
Show all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BUSDT | +0.1335% | 4h | 0.2022 | −0.049% | $1.9M | $202K | 5x | as long as short |
Bitget BUSDT
KuCoin BUSDTM
Gate B_USDT
edgeX BUSDC
MEXC B_USDT
Binance BUSDT
Extended B-USD
Bybit BUSDT
BloFin B-USDT
BingX B-USDT
Aster BUSDT