Funding you earn now, next payment 08:00 UTC−0.0546%/8h= −59.8% APRnext payment −$5.46 per $10,000 · paid last 24h −0.042%
Price spread now: Bitget against KuCoin+0.168%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$197as in the Funding arb table
Net, price: spread back to 7d avg − costs−$167as in the Price arb table
costs, in and out, $10k−$1801.801% of the position
Funding, last 7 days−0.171%−$17 on $10k
+Price spread, last 7 days−0.129%−$13 · spread now +0.168%, 7d avg +0.032%
=The price spread pays, funding is against you. Bitget is 0.136% dearer against KuCoin than usual: you sell high and buy low (spread +0.168% now, against its 7-day average of +0.032%): +$14 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 7 days (−0.171% in total) that is about 5.6 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 −$5.46 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 COINUSDTM | 196.20 | 0.0100 | pay 0.0100% / 8h | 46m 10s | $989K | $136K | 20x |
| Short | Bitget COINUSDT | 196.53 | −0.0446 | pay 0.0446% / 8h | 46m 10s | $6.4M | $10.6M | 20x |
KuCoin COINUSDTM
Bitget COINUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$114.66
- Price spread: +0.168% → +0.032%
- $13.63
- Slippage, 4 orders
- −$156.15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$281.18
- Costs to cover
- 1.801%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 28 min ago; Bitget: live order book, 2 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, 28 min ago | 12.51 bp | 112.1 bp −$112 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.53 bp | 10.8 bp −$11 | 29.3 bp −$293 | 124.8 bp −$12.5K | 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 COINUSDTshort | −0.0446% | 8h | 196.53 | +0.168% | $6.4M | $10.6M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 196.22 | +0.010% | $43K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0063% | 1h | 195.96 | −0.122% | — | $326K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 196.36 | +0.082% | $343K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 196.38 | +0.090% | $106K | $861K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 196.44 | +0.122% | $15.0M | $82.1M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 196.44 | +0.122% | $4.7M | $6.2M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 196.45 | +0.127% | $3.0M | $4.7M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 196.56 | +0.183% | $1.2M | $7.3M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 196.03 | −0.088% | $713K | $975K | — | as long as short |
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
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 | 196.10 | −0.052% | $22K | $2.8M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 196.36 | +0.084% | $363K | $2.3M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 196.32 | +0.061% | $462K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 196.38 | +0.092% | $17K | $58K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 196.26 | +0.031% | $15.2M | $13.1M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 196.30 | +0.051% | $131K | $1.4M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 196.38 | +0.092% | $104 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.18 | −0.010% | $449K | $2.8M | 10x | as long as short |
| QFEX COIN-USD | +0.0065% | 1h | 196.39 | +0.097% | $1.3M | $2.9M | 10x | as long as short |
| KuCoin COINUSDTMlong | +0.0100% | 8h | 196.20 | long leg | $989K | $136K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.07 | −0.066% | $88K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 196.39 | +0.097% | $568 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 196.41 | +0.105% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 196.40 | +0.102% | $188K | $437K | 20x | as long as short |
| Phoenix COIN | +0.0163% | 1h | 196.17 | −0.015% | $4K | $283K | 10x | as long as short |
| edgeX COINUSDC | +0.0756% | 4h | 196.06 | −0.070% | $50K | $295K | 10x | as long as short |
GRVT COIN_USDT_Perp
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
QFEX COIN-USD
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC