Settings8H · net · $10k
Funding arb · Price arb /

B

all B markets
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Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%
Together, before fees+0.201%+$20 on $10k · with fees, hour by hour
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BUSDT0.20230.1042pay 0.0521% / 4h2h 07m$2.7M$230K10x
ShortKuCoin BUSDTM0.20200.0100get 0.0050% / 4h2h 07m$1.9M$71K10x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 10 min ago4.93 bp32.8 bp −$33332.5 bp −$3,325doesn't fitdoesn't fit
Sell KuCoin live order book, 9 min ago10.62 bp389.7 bp −$390doesn't fitdoesn't fitdoesn't fit

B on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate B_USDT+0.0100%4h0.2020−0.148%$3.4M$596K20xas long as short
KuCoin BUSDTMshort+0.0100%4h0.2020−0.158%$1.9M$71K10x
edgeX BUSDC+0.0858%4h0.2024+0.043%$3K$391K5xas long as short
MEXC B_USDT+0.0858%4h0.2022−0.049%$966K$345K100xas long as short
Binance BUSDT+0.0860%4h0.2023−0.022%$11.7M$2.0M20xas long as short
Extended B-USD+0.0864%1h0.2022−0.034%$15K$117K5xas long as short
Bybit BUSDT+0.0870%4h0.2020−0.148%$1.7M$947K13xas long as short
BloFin B-USDT+0.0885%4h0.2027+0.198%$595K$39K20xas long as short
BingX B-USDT+0.0982%4h0.2022−0.049%$1.2Mas long as short
Bitget BUSDTlong+0.1042%4h0.2023long leg$2.7M$230K10x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BUSDT+0.1335%4h0.2022−0.049%$1.9M$202K5xas long as short