BOT

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.2141%/8h= −234.4% APRnext payment −$21.41 per $10,000 · paid last 24h −0.266%

Price spread now: KuCoin against Bitget−0.068%7-day average −0.320% · you buy dearer than you sell

Net, funding: paid 7d − costs−$832as in the Funding arb table

Net, price: spread back to 7d avg − costs−$806as in the Price arb table

costs, in and out, $10k−$8318.314% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.336%−$34 · spread now −0.068%, 7d avg −0.320%

Together, before fees−0.340%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.252% dearer against Bitget than usual: you sell high and buy low (spread −0.068% now, against its 7-day average of −0.320%): +$25 on $10k if it goes back. Holding the pair costs −$64 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.005% in total) that is about 13 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.005% in total (about -0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$21.41 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BOTUSDT	29.410	0	get 0.0000% / 8h	5h 27m	$244K	$131K	5x
Short	KuCoin BOTUSDTM	29.390	−0.2141	pay 0.2141% / 8h	5h 27m	$89K	$590K	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

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latest

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

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee KuCoinbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$449.61
Price spread: −0.068% → −0.320%: $25.24
Slippage, 4 orders: −$807.38
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,255.75
Costs to cover: 8.314%
Break-even: never at this rate

Slippage from Bitget: live order book, 10 min ago; KuCoin: live order book, 8 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, 10 min ago	18.75 bp	165.8 bp −$166	232.8 bp −$2,328	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	13.61 bp	340.4 bp −$340	doesn't fit	doesn't fit	doesn't fit

BOT on 12 exchanges

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
Arcus BOT-USD	−0.5432%	1h	29.370	−0.136%	$3K	$10K	5x	as long as short
Bybit BOTUSDT	−0.2840%	8h	29.410	0.000%	$465K	$649K	25x	as long as short
OKX BOT-USDT-SWAP	−0.2488%	8h	29.410	0.000%	$233K	$276K	20x	as long as short
KuCoin BOTUSDTMshort	−0.2141%	8h	29.390	−0.068%	$89K	$590K	20x
Binance BOTUSDT	−0.1806%	8h	29.425	+0.053%	$468K	$1.2M	10x	as long as short
Variational Omni BOT	−0.1697%	8h	29.383	−0.091%	$39K	$22K	—	as long as short
QFEX BOT-USD	−0.0400%	1h	29.410	0.000%	$1.2M	$496K	10x	as long as short
Gate BOT_USDT	0.0000%	8h	29.420	+0.034%	$257K	$236K	20x	as long as short
Bitget BOTUSDTlong	0.0000%	8h	29.410	long leg	$244K	$131K	5x
Lighter BOT	+0.0032%	1h	29.416	+0.020%	$68K	$1K	3x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BOT-USDT	+0.0100%	8h	29.421	+0.037%	$3K	$36K	10x	as long as short
tradeXYZ xyz:BOT	+0.2218%	1h	29.376	−0.116%	$3.0M	$778K	10x	as long as short