APR

Alert: funding

Alert: spread

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: Gate against KuCoin−0.232%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,431as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,437as in the Price arb table

costs, in and out, $10k−$1,41614.161% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 4 days (all we have)+0.313%+$31 · spread now −0.232%, 7d avg −0.024%

Together, before fees+0.165%+$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.208% cheaper against KuCoin than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.024%). Swap the legs.

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	KuCoin APRUSDTM	0.1467	0.0886	pay 0.0443% / 4h	1h 13m	$2.4M	$348K	50x
Short	Gate APR_USDT	0.1464	0.0662	get 0.0331% / 4h	1h 13m	$691K	$183K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.232%Rate

Funding earned: −$47.04
Price spread: −0.232% → −0.024%: −$20.83
Slippage, 4 orders: −$1,389.06
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,483.93
Costs to cover: 14.161%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Gate: live order book, 48 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, 3 min ago	16.67 bp	494.6 bp −$495	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 48 min ago	13.19 bp	214.9 bp −$215	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	0.1465	−0.104%	$6.7M	$5.3M	50x	as long as short
Bybit APRUSDT	+0.0100%	4h	0.1465	−0.150%	$1.4M	$664K	20x	as long as short
MEXC APR_USDT	+0.0100%	4h	0.1465	−0.130%	$361K	$176K	50x	as long as short
SunX APR-USDT	+0.0100%	4h	0.1466	−0.095%	$2K	$1.1M	20x	as long as short
BloFin APR-USDT	+0.0114%	4h	0.1468	+0.075%	$289K	$111K	50x	as long as short
Bitget APRUSDT	+0.0192%	4h	0.1465	−0.130%	$3.9M	$957K	50x	as long as short
HTX APR-USDT	+0.0231%	4h	0.1472	+0.348%	$19K	$58K	20x	as long as short
OKX APR-USDT-SWAP	+0.0393%	4h	0.1466	−0.061%	$1.3M	$2.5M	20x	as long as short
BingX APR-USDT	+0.0406%	4h	0.1465	−0.130%	—	$1.4M	—	as long as short
Gate APR_USDTshort	+0.0662%	4h	0.1464	−0.232%	$691K	$183K	25x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster APRUSDT	+0.0825%	4h	0.1464	−0.176%	$71K	$100K	5x	as long as short
KuCoin APRUSDTMlong	+0.0886%	4h	0.1467	long leg	$2.4M	$348K	50x