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

BEAT

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0622%/8h= −68.1% APRnext payment $3.11 per $10,000 · paid last 24h −0.066%
Price spread now: Bitget against KuCoin+0.127%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$186as in the Funding arb table
Net, price: spread back to 7d avg − costs−$161as in the Price arb table
costs, in and out, $10k−$1671.666% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.195%−$19 on $10k
Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.127%, 7d avg +0.071%
Together, before fees−0.265%−$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.056% dearer against KuCoin than usual: you sell high and buy low (spread +0.127% now, against its 7-day average of +0.071%): +$6 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.195% in total) that is about 2.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.195% in total (about -10.1% a year). A funding rate is set anew for every payment; at this rate the next one is about $3.11 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
LongKuCoin BEATUSDTM0.086690.0884pay 0.0442% / 4h1h 16m$2.5M$1.1M25x
ShortBitget BEATUSDT0.086800.0262get 0.0131% / 4h1h 16m$1.3M$1.2M10x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$130.62
Price spread: +0.127% → +0.071%
$5.61
Slippage, 4 orders
−$142.61
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$291.62
Costs to cover
1.666%
Break-even
never at this rate
Slippage from KuCoin: live order book, 6 min ago; Bitget: live order book, 5 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 KuCoin live order book, 6 min ago6.35 bp59.3 bp −$59doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago5.76 bp30.5 bp −$3071.7 bp −$717doesn't fitdoesn't fit

BEAT on 15 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
Aster BEATUSDT+0.0100%4h0.08661−0.090%$48K$30K10xas long as short
Bybit BEATUSDT+0.0100%4h0.08665−0.046%$4.6M$2.1M25xas long as short
Gate BEAT_USDT+0.0100%8h0.08640−0.335%$3.2M$2.1M20xas long as short
Variational Omni BEAT+0.0100%4h0.08653−0.180%$33K$587as long as short
SunX BEAT-USDT+0.0100%4h0.08684+0.173%$1K$1.3M20xas long as short
OKX BEAT-USDT-SWAP+0.0149%4h0.08671+0.023%$4.2M$9.9M10xas long as short
Bitget BEATUSDTshort+0.0262%4h0.08680+0.127%$1.3M$1.2M10x
BloFin BEAT-USDT+0.0270%4h0.08640−0.335%$486K$49K10xas long as short
HTX BEAT-USDT+0.0277%4h0.08678+0.104%$119K$65K20xas long as short
edgeX BEATUSDC+0.0310%4h0.08664−0.059%$4K$165K10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC BEAT_USDT+0.0322%4h0.08670+0.012%$5.8M$2.4M100xas long as short
BingX BEAT-USDT+0.0322%4h0.08670+0.012%$7.6Mas long as short
Binance BEATUSDT+0.0332%4h0.08670+0.012%$8.1M$10.7M10xas long as short
Extended BEAT-USD+0.0336%1h0.08668−0.007%$5K$221K5xas long as short
KuCoin BEATUSDTMlong+0.0884%4h0.08669long leg$2.5M$1.1M25x