Funding you earn now, next payment 08:00 UTC+0.4133%/8h= +452.6% APRnext payment +$41.33 per $10,000 · paid last 24h +0.404%
Price spread now: KuCoin against Bitget−0.364%7-day average +0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$382as in the Funding arb table
Net, price: spread back to 7d avg − costs−$468as in the Price arb table
costs, in and out, $10k−$4264.258% of the position
Funding, last 7 days+0.440%+$44 on $10k
+Price spread, last 7 days+0.286%+$29 · spread now −0.364%, 7d avg +0.062%
=Funding pays, the price is against you. KuCoin is 0.426% cheaper against Bitget than usual: you would sell low and buy high (spread −0.364% now, against its 7-day average of +0.062%). If the spread goes back, that is −$43 on $10k: about 8 hours of funding at the current rate (+$124 a day). At the pace of the last 7 days (+0.440% in total) that is about 6.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.440% in total (about 23.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$41.33 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 BNCUSDT | 6.2387 | −0.4033 | get 0.4033% / 8h | 4h 35m | $782K | $4.5M | 5x |
| Short | KuCoin BNCUSDTM | 6.2160 | 0.0100 | get 0.0100% / 8h | 4h 35m | $48K | $3.0M | 20x |
Bitget BNCUSDT
KuCoin BNCUSDTMFunding 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
- $867.93
- Price spread: −0.364% → +0.062%
- −$42.58
- Slippage, 4 orders
- −$401.79
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $399.56
- Costs to cover
- 4.258%
- Break-even
- 3.8 days
Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 6 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, 2 min ago | 7.37 bp | 71.6 bp −$72 | 93.4 bp −$934 | 215.1 bp −$21.5K | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 12.85 bp | 153.7 bp −$154 | doesn't fit | doesn't fit | doesn't fit |
BNC on 9 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 BNCUSDTlong | −0.4033% | 8h | 6.2387 | long leg | $782K | $4.5M | 5x | |
| Bybit BNCUSDT | −0.0879% | 8h | 6.2240 | −0.236% | $611K | $2.2M | 25x | as long as short |
| QFEX BNC-USD | −0.0400% | 1h | 6.2000 | −0.620% | $50K | $40K | 10x | as long as short |
| Aster BNCUSD1 | 0.0000% | 8h | 6.2156 | −0.370% | $178K | $22K | 10x | as long as short |
| Binance BNCUSDT | 0.0000% | 8h | 6.2145 | −0.388% | $13.2M | $41.6M | 10x | as long as short |
| Variational Omni BNC | 0.0000% | 8h | 6.2099 | −0.461% | $116K | $149K | — | as long as short |
| Bullet BNC-USD | 0.0000% | 1h | 6.2110 | −0.444% | $9K | $69K | 10x | as long as short |
| HTX BNC-USDT | 0.0000% | 8h | 6.2210 | −0.284% | $14K | $31K | 10x | as long as short |
| KuCoin BNCUSDTMshort | +0.0100% | 8h | 6.2160 | −0.364% | $48K | $3.0M | 20x |
Bybit BNCUSDT
QFEX BNC-USD
Aster BNCUSD1
Binance BNCUSDT
Variational Omni BNC
Bullet BNC-USD
HTX BNC-USDT