BOT

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC+0.1176%/8h= +128.8% APRnext payment +$11.76 per $10,000 · paid last 24h +0.266%

Price spread now: Bitget against KuCoin+0.241%7-day average +0.324% · you sell dearer than you buy

Net, funding: paid 7d − costs−$744as in the Funding arb table

Net, price: spread back to 7d avg − costs−$753as in the Price arb table

costs, in and out, $10k−$7447.444% of the position

Long on KuCoin Short on Bitget

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)+0.400%+$40 · spread now +0.241%, 7d avg +0.324%

Together, before fees+0.405%+$40 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.084% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.241% now, against its 7-day average of +0.324%). If the spread goes back, that is −$8 on $10k: about 6 hours of funding at the current rate (+$35 a day). At the pace of the last 7 days (+0.005% in total) that is about 4 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 +$11.76 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	KuCoin BOTUSDTM	29.070	−0.1243	get 0.1243% / 8h	7h 37m	$92K	$446K	20x
Short	Bitget BOTUSDT	29.140	−0.0067	pay 0.0067% / 8h	7h 37m	$242K	$129K	5x

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

Position, each leg$Hold fordaysFee KuCoinbpFee BitgetbpOrdersPrice spread, now +0.241%Rate

Funding earned: $246.96
Price spread: +0.241% → +0.324%: −$8.36
Slippage, 4 orders: −$720.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$505.82
Costs to cover: 7.444%
Break-even: 21.3 days

Slippage from KuCoin: live order book, 55 min ago; Bitget: live order book, 52 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, 55 min ago	17.19 bp	313.7 bp −$314	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 52 min ago	13.74 bp	42.8 bp −$43	66.1 bp −$661	doesn't fit	doesn't fit

BOT 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 BOTUSDT	−0.5060%	8h	29.060	−0.034%	$521K	$577K	25x	as long as short
OKX BOT-USDT-SWAP	−0.2279%	8h	29.110	+0.138%	$232K	$216K	20x	as long as short
Lighter BOT	−0.1536%	1h	29.376	+1.053%	$67K	$1K	3x	as long as short
KuCoin BOTUSDTMlong	−0.1243%	8h	29.070	long leg	$92K	$446K	20x
Binance BOTUSDT	−0.0987%	8h	29.080	+0.034%	$455K	$1.2M	10x	as long as short
tradeXYZ xyz:BOT	−0.0873%	1h	29.035	−0.120%	$3.0M	$776K	10x	as long as short
Variational Omni BOT	−0.0827%	8h	29.090	+0.069%	$33K	$12K	—	as long as short
QFEX BOT-USD	−0.0076%	1h	29.080	+0.034%	$1.1M	$477K	10x	as long as short
Bitget BOTUSDTshort	−0.0067%	8h	29.140	+0.241%	$242K	$129K	5x
Gate BOT_USDT	0.0000%	8h	29.150	+0.275%	$250K	$224K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BOT-USD	+0.0040%	1h	29.060	−0.034%	$3K	$9K	5x	as long as short
HTX BOT-USDT	+0.0100%	8h	29.160	+0.310%	$3K	$35K	10x	as long as short