Funding you earn now, next payment 04:00 UTC−0.3408%/8h= −373.2% APRnext payment −$17.04 per $10,000 · paid last 24h −0.542%
Price spread now: Bitget against KuCoin+1.286%7-day average +0.247% · you sell dearer than you buy
Net, funding: paid 7d − costs−$594as in the Funding arb table
Net, price: spread back to 7d avg − costs−$235as in the Price arb table
costs, in and out, $10k−$3393.389% of the position
Funding, last 7 days−2.550%−$255 on $10k
+Price spread, last 7 days−1.805%−$181 · spread now +1.286%, 7d avg +0.247%
=The price spread pays, funding is against you. Bitget is 1.038% dearer against KuCoin than usual: you sell high and buy low (spread +1.286% now, against its 7-day average of +0.247%): +$104 on $10k if it goes back. Holding the pair costs −$102 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−2.550% in total) that is about 2.9 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MUSDTM | 1.4110 | 0.3592 | pay 0.1796% / 4h | 2h 46m | $1.4M | $4.0M | 10x |
| Short | Bitget MUSDT | 1.4291 | 0.0184 | get 0.0092% / 4h | 2h 46m | $1.8M | $243K | 10x |
KuCoin MUSDTM
Bitget MUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$715.68
- Price spread: +1.286% → +0.247%
- $103.84
- Slippage, 4 orders
- −$314.95
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$950.79
- Costs to cover
- 3.389%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 6 min ago; Bitget: live order book, 1 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 KuCoin live order book, 6 min ago | 6.76 bp | 130.5 bp −$130 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 11.59 bp | 54.8 bp −$55 | 400.9 bp −$4,009 | doesn't fit | doesn't fit |
M on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit MUSDT | +0.0100% | 4h | 1.4288 | +1.264% | $4.5M | $1.9M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4243 | +0.945% | $1.9M | $867K | 10x | as long as short |
| Variational Omni M | +0.0100% | 4h | 1.4230 | +0.852% | $89K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4295 | +1.314% | $2K | $496 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4286 | +1.250% | $2K | $675K | 20x | as long as short |
| Bitget MUSDTshort | +0.0184% | 4h | 1.4291 | +1.286% | $1.8M | $243K | 10x | |
| Aster MUSDT | +0.1340% | 4h | 1.4233 | +0.872% | $14K | $92K | 5x | as long as short |
| BingX M-USDT | +0.1664% | 4h | 1.4282 | +1.222% | — | $2.4M | — | as long as short |
| Binance MUSDT | +0.1720% | 4h | 1.4274 | +1.168% | $5.5M | $3.7M | 10x | as long as short |
| MEXC M_USDT | +0.1728% | 4h | 1.4231 | +0.860% | $239K | $106K | 50x | as long as short |
Bybit MUSDT
Gate M_USDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BingX M-USDT
Binance MUSDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin M-USDT | +0.1756% | 4h | 1.4412 | +2.143% | $359K | $427K | 10x | as long as short |
| KuCoin MUSDTMlong | +0.3592% | 4h | 1.4110 | long leg | $1.4M | $4.0M | 10x |
BloFin M-USDT