Funding you earn now, next payment 04:00 UTC+0.0224%/8h= +24.5% APRnext payment +$1.12 per $10,000 · paid last 24h +0.111%
Price spread now: KuCoin against Gate+0.219%7-day average +0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,401as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,397as in the Price arb table
costs, in and out, $10k−$1,41614.161% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 4 days (all we have)−0.300%−$30 · spread now +0.219%, 7d avg +0.024%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and KuCoin is 0.195% dearer against Gate than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.024%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.148% in total (about 7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.12 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 | Gate APR_USDT | 0.1464 | 0.0662 | pay 0.0331% / 4h | 1h 13m | $691K | $183K | 25x |
| Short | KuCoin APRUSDTM | 0.1467 | 0.0886 | get 0.0443% / 4h | 1h 13m | $2.4M | $348K | 50x |
Gate APR_USDT
KuCoin APRUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. 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
- $47.04
- Price spread: +0.219% → +0.024%
- $19.51
- Slippage, 4 orders
- −$1,389.06
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,349.51
- Costs to cover
- 14.161%
- Break-even
- 207.8 days
Slippage from Gate: live order book, 48 min ago; KuCoin: live order book, 3 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 Gate live order book, 48 min ago | 13.19 bp | 516.8 bp −$517 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 16.67 bp | 189.9 bp −$190 | doesn't fit | doesn't fit | doesn't fit |
APR 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance APRUSDT | +0.0100% | 4h | 0.1464 | +0.027% | $6.7M | $5.3M | 50x | as long as short |
| Bybit APRUSDT | +0.0100% | 4h | 0.1465 | +0.068% | $1.4M | $664K | 20x | as long as short |
| MEXC APR_USDT | +0.0100% | 4h | 0.1464 | +0.027% | $361K | $176K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1466 | +0.171% | $2K | $1.1M | 20x | as long as short |
| BloFin APR-USDT | +0.0133% | 4h | 0.1468 | +0.301% | $289K | $111K | 50x | as long as short |
| Bitget APRUSDT | +0.0192% | 4h | 0.1465 | +0.096% | $3.9M | $957K | 50x | as long as short |
| HTX APR-USDT | +0.0219% | 4h | 0.1467 | +0.232% | $19K | $58K | 20x | as long as short |
| OKX APR-USDT-SWAP | +0.0393% | 4h | 0.1466 | +0.164% | $1.3M | $2.5M | 20x | as long as short |
| BingX APR-USDT | +0.0406% | 4h | 0.1465 | +0.096% | — | $1.4M | — | as long as short |
| Gate APR_USDTlong | +0.0662% | 4h | 0.1464 | long leg | $691K | $183K | 25x |
Binance APRUSDT
Bybit APRUSDT
MEXC APR_USDT
SunX APR-USDT
BloFin APR-USDT
Bitget APRUSDT
HTX APR-USDT
OKX APR-USDT-SWAP
BingX APR-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APRUSDT | +0.0825% | 4h | 0.1465 | +0.076% | $71K | $100K | 5x | as long as short |
| KuCoin APRUSDTMshort | +0.0886% | 4h | 0.1467 | +0.219% | $2.4M | $348K | 50x |
Aster APRUSDT