Funding you earn now, next payment 08:00 UTC+0.2437%/8h= +266.9% APRnext payment +$24.37 per $10,000 · paid last 24h +0.019%
Price spread now: KuCoin against Bitget−0.219%7-day average −0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$436as in the Funding arb table
Net, price: spread back to 7d avg − costs−$450as in the Price arb table
costs, in and out, $10k−$4344.341% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 4 days (all we have)+0.213%+$21 · spread now −0.219%, 7d avg −0.055%
=Funding pays, the price is against you. KuCoin is 0.164% cheaper against Bitget than usual: you would sell low and buy high (spread −0.219% now, against its 7-day average of −0.055%). If the spread goes back, that is −$16 on $10k: about 5 hours of funding at the current rate (+$73 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$24.37 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 AXTIUSDT | 77.790 | −0.2337 | get 0.2337% / 8h | 1h 26m | $1.2M | $3.7M | 20x |
| Short | KuCoin AXTIUSDTM | 77.620 | 0.0100 | get 0.0100% / 8h | 1h 26m | $598K | $512K | 20x |
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
- $511.77
- Price spread: −0.219% → −0.055%
- −$16.39
- Slippage, 4 orders
- −$410.07
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $61.3
- Costs to cover
- 4.341%
- Break-even
- 6.2 days
Slippage from Bitget: live order book, 1 min ago; KuCoin: live order book, 18 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, 1 min ago | 3.21 bp | 29.9 bp −$30 | 42.4 bp −$424 | 116.9 bp −$11.7K | doesn't fit |
| Sell KuCoin live order book, 18 min ago | 23.74 bp | 168.9 bp −$169 | doesn't fit | doesn't fit | doesn't fit |
AXTI on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget AXTIUSDTlong | −0.2337% | 8h | 77.790 | long leg | $1.2M | $3.7M | 20x | |
| Aster AXTIUSDT | 0.0000% | 8h | 77.679 | −0.143% | $7K | $124K | 20x | as long as short |
| Extended AXTI-USD | 0.0000% | 1h | 77.671 | −0.153% | $7K | $210K | 10x | as long as short |
| Binance AXTIUSDT | 0.0000% | 8h | 77.690 | −0.129% | $8.3M | $35.0M | 20x | as long as short |
| Bybit AXTIUSDT | 0.0000% | 8h | 77.680 | −0.141% | $1.8M | $1.3M | 25x | as long as short |
| OKX AXTI-USDT-SWAP | 0.0000% | 8h | 77.680 | −0.141% | $2.6M | $11.1M | 20x | as long as short |
| Gate AXTI_USDT | 0.0000% | 8h | 77.690 | −0.129% | $1.6M | $6.1M | 50x | as long as short |
| GRVT AXTI_USDT_Perp | 0.0000% | 8h | 77.440 | −0.451% | $201 | $201K | 10x | as long as short |
| SunX AXTI-USDT | 0.0000% | 8h | 77.530 | −0.334% | $1K | $943K | 10x | as long as short |
| HTX AXTI-USDT | 0.0000% | 8h | 77.670 | −0.154% | $19K | $44K | 20x | as long as short |
Show all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX AXTI-USD | +0.0025% | 1h | 77.650 | −0.180% | $1.1M | $1.8M | 10x | as long as short |
| Lighter AXTI | +0.0032% | 1h | 77.680 | −0.141% | — | — | 10x | as long as short |
| KuCoin AXTIUSDTMshort | +0.0100% | 8h | 77.620 | −0.219% | $598K | $512K | 20x | |
| Aevo AXTI-PERP | +0.0104% | 1h | 77.697 | −0.120% | — | — | 10x | as long as short |
Bitget AXTIUSDT
KuCoin AXTIUSDTM
Aster AXTIUSDT
Extended AXTI-USD
Binance AXTIUSDT
Bybit AXTIUSDT
OKX AXTI-USDT-SWAP
Gate AXTI_USDT
GRVT AXTI_USDT_Perp
SunX AXTI-USDT
HTX AXTI-USDT
Lighter AXTI