Funding you earn now, next payment 08:00 UTC+0.0788%/8h= +86.3% APRnext payment +$7.88 per $10,000 · paid last 24h +0.042%
Price spread now: KuCoin against Bitget−0.143%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1661.655% of the position
Funding, last 7 days+0.171%+$17 on $10k
+Price spread, last 7 days+0.089%+$9 · spread now −0.143%, 7d avg −0.032%
=Funding pays, the price is against you. KuCoin is 0.112% cheaper against Bitget than usual: you would sell low and buy high (spread −0.143% now, against its 7-day average of −0.032%). If the spread goes back, that is −$11 on $10k: about 11 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.171% in total) that is about 4.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.171% in total (about 8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.88 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 COINUSDT | 195.45 | −0.0688 | get 0.0688% / 8h | 1h 39m | $6.3M | $10.7M | 20x |
| Short | KuCoin COINUSDTM | 195.17 | 0.0100 | get 0.0100% / 8h | 1h 39m | $984K | $137K | 20x |
Bitget COINUSDT
KuCoin COINUSDTMFunding 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
- $165.48
- Price spread: −0.143% → −0.032%
- −$11.16
- Slippage, 4 orders
- −$141.54
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$11.22
- Costs to cover
- 1.655%
- Break-even
- 7.5 days
Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 40 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, 4 min ago | 2.81 bp | 12.8 bp −$13 | 21.5 bp −$215 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 40 min ago | 18.42 bp | 37.5 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
COIN on 26 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 COINUSDTlong | −0.0688% | 8h | 195.45 | long leg | $6.3M | $10.7M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 195.60 | +0.077% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0102% | 1h | 194.80 | −0.333% | — | $289K | 25x | as long as short |
| Gate COIN_USDT | −0.0015% | 8h | 195.30 | −0.077% | $1.2M | $7.4M | 50x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 195.42 | −0.017% | $341K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 195.23 | −0.111% | $112K | $809K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 195.28 | −0.087% | $15.0M | $82.4M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 195.22 | −0.118% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 195.20 | −0.128% | $3.0M | $4.7M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 195.45 | 0.000% | $708K | $959K | — | as long as short |
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Gate COIN_USDT
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 195.68 | +0.117% | $16K | $2.7M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 195.29 | −0.082% | $459K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 195.63 | +0.092% | $15K | $54K | 5x | as long as short |
| QFEX COIN-USD | +0.0045% | 1h | 195.43 | −0.010% | $1.3M | $3.0M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 195.30 | −0.077% | $129K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 195.29 | −0.082% | $82 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 195.22 | −0.118% | $447K | $2.9M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0088% | 1h | 195.17 | −0.143% | $15.1M | $13.9M | 10x | as long as short |
| KuCoin COINUSDTMshort | +0.0100% | 8h | 195.17 | −0.143% | $984K | $137K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 195.49 | +0.020% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 195.31 | −0.072% | $565 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 195.29 | −0.083% | $115 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 195.50 | +0.026% | $188K | $423K | 20x | as long as short |
| Lighter COIN | +0.0128% | 1h | 195.28 | −0.086% | $361K | $2.3M | 10x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 195.44 | −0.005% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0872% | 4h | 195.49 | +0.020% | $50K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter RH COIN
Arcus COIN-USD
QFEX COIN-USD
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
tradeXYZ xyz:COIN
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Lighter COIN
Phoenix COIN
edgeX COINUSDC