Funding you earn now, next payment 12:00 UTC+0.0256%/8h= +28.0% APRnext payment +$1.28 per $10,000 · paid last 24h +0.069%
Price spread now: Bitget against KuCoin−0.105%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$700.703% of the position
Funding, last 7 days−0.012%−$1 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.105%, 7d avg −0.018%
=Funding pays, the price is against you. Bitget is 0.087% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of −0.018%). If the spread goes back, that is −$9 on $10k: about 27 hours of funding at the current rate (+$8 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.28 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 XPTUSDTM | 1,778.8 | 0.0100 | pay 0.0050% / 4h | 3h 36m | $235K | $41K | 75x |
| Short | Bitget XPTUSDT | 1,776.9 | 0.0356 | get 0.0178% / 4h | 3h 36m | $1.3M | $535K | 100x |
KuCoin XPTUSDTM
Bitget XPTUSDTFunding 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
- $53.76
- Price spread: −0.105% → −0.018%
- −$8.65
- Slippage, 4 orders
- −$46.29
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$25.18
- Costs to cover
- 0.703%
- Break-even
- 10.3 days
Slippage from KuCoin: live order book, 55 min ago; Bitget: live order book, 5 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 | 2.96 bp | 18.2 bp −$18 | 205.3 bp −$2,053 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 4.00 bp | 13.3 bp −$13 | 24.1 bp −$241 | 83.8 bp −$8,379 | doesn't fit |
XPT on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX XPT-USDT | 0.0000% | 4h | 1,778.5 | −0.019% | $11K | $38K | 30x | as long as short |
| gTrade (Gains Network) XPT/USD | L +0.0006% / S −0.0006% | 1h | 1,776.2 | −0.145% | $228 | — | 150x | as long as short |
| GRVT XPT_USDT_Perp | +0.0030% | 4h | 1,778 | −0.044% | $206K | $776K | 25x | as long as short |
| Vest PL-PERP | +0.0046% | 1h | 1,774.6 | −0.235% | — | $50 | 25x | as long as short |
| tradeXYZ xyz:PLATINUM | +0.0050% | 1h | 1,777.4 | −0.078% | $3.6M | $1.0M | 20x | as long as short |
| Pacifica PLATINUM | +0.0100% | 1h | 1,776.8 | −0.110% | $13K | $32K | 10x | as long as short |
| KuCoin XPTUSDTMlong | +0.0100% | 4h | 1,778.8 | long leg | $235K | $41K | 75x | |
| Variational Omni XPT | +0.0112% | 4h | 1,776.6 | −0.122% | $244K | $206K | — | as long as short |
| Aster XPTUSDT | +0.0154% | 4h | 1,777.6 | −0.067% | $15K | $9K | 20x | as long as short |
| Paradex XPT-USD-PERP | +0.0194% | 8h | 1,778.6 | −0.011% | $3K | — | 5x | as long as short |
HTX XPT-USDT
gTrade (Gains Network) XPT/USD
GRVT XPT_USDT_Perp
Vest PL-PERP
tradeXYZ xyz:PLATINUM
Pacifica PLATINUM
Variational Omni XPT
Aster XPTUSDT
Paradex XPT-USD-PERPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin XPT-USDT | +0.0199% | 4h | 1,779.3 | +0.026% | $97K | $70K | 100x | as long as short |
| Binance XPTUSDT | +0.0205% | 4h | 1,778.2 | −0.033% | $4.6M | $5.3M | 100x | as long as short |
| MEXC XPT_USDT | +0.0208% | 4h | 1,778.7 | −0.005% | $23.1M | $648K | 100x | as long as short |
| edgeX XPTUSDC | +0.0212% | 4h | 1,777.8 | −0.057% | $39K | $282K | 10x | as long as short |
| Injective XPT/USDC PERP | +0.0220% | 1h | 1,800.3 | +1.209% | $6K | $34K | 52x | as long as short |
| Aevo PLATINUM-PERP | +0.0256% | 1h | 1,779.6 | +0.047% | $303 | — | 10x | as long as short |
| Lighter XPT | +0.0296% | 1h | 1,779.7 | +0.052% | $355K | $43K | 20x | as long as short |
| Gate XPT_USDT | +0.0300% | 4h | 1,779.4 | +0.033% | $665K | $556K | 100x | as long as short |
| Bitget XPTUSDTshort | +0.0356% | 4h | 1,776.9 | −0.105% | $1.3M | $535K | 100x | |
| Extended XPT-USD | +0.0480% | 1h | 1,775.3 | −0.198% | $151K | $719K | 10x | as long as short |
| OKX XPT-USDT-SWAP | +0.0873% | 8h | 1,779.2 | +0.024% | $1.1M | $826K | 50x | as long as short |
BloFin XPT-USDT
Binance XPTUSDT
MEXC XPT_USDT
edgeX XPTUSDC
Injective XPT/USDC PERP
Aevo PLATINUM-PERP
Lighter XPT
Gate XPT_USDT
Extended XPT-USD
OKX XPT-USDT-SWAP