Funding you earn now, next payment 04:00 UTC+0.0738%/8h= +80.8% APRnext payment +$3.69 per $10,000 · paid last 24h +0.081%
Price spread now: KuCoin against Gate+0.037%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,490as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,534as in the Price arb table
costs, in and out, $10k−$2,52925.293% of the position
Funding, last 7 days+0.392%+$39 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.037%, 7d avg +0.087%
=Funding pays, the price is against you. KuCoin is 0.050% cheaper against Gate than usual: you would sell low and buy high (spread +0.037% now, against its 7-day average of +0.087%). If the spread goes back, that is −$5 on $10k: about 5 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.392% in total) that is about 22 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.392% in total (about 20.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.69 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 BILL_USDT | 0.01367 | 0.0100 | pay 0.0050% / 4h | 2h 50m | $276K | $76K | 20x |
| Short | KuCoin BILLUSDTM | 0.01367 | 0.0838 | get 0.0419% / 4h | 2h 50m | $440K | $291K | 20x |
Gate BILL_USDT
KuCoin BILLUSDTMFunding 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
- $154.98
- Price spread: +0.037% → +0.087%
- −$5.05
- Slippage, 4 orders
- −$2,502.31
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$2,379.38
- Costs to cover
- 25.293%
- Break-even
- 114.5 days
Slippage from Gate: live order book, 11 min ago; KuCoin: live order book, 61 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, 11 min ago | 10.89 bp | 535.0 bp −$535 | 77917.4 bp −$779.2K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 61 min ago | 10.80 bp | 592.0 bp −$592 | doesn't fit | doesn't fit | doesn't fit |
BILL on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin BILL-USDT | +0.0046% | 4h | 0.01365 | −0.146% | $147K | $19K | 20x | as long as short |
| Aster BILLUSDT | +0.0100% | 4h | 0.01368 | +0.074% | $2K | $4K | 5x | as long as short |
| Bybit BILLUSDT | +0.0100% | 4h | 0.01366 | −0.073% | $1.3M | $960K | 20x | as long as short |
| OKX BILL-USDT-SWAP | +0.0100% | 4h | 0.01368 | +0.073% | $996K | $2.6M | 20x | as long as short |
| Gate BILL_USDTlong | +0.0100% | 4h | 0.01367 | long leg | $276K | $76K | 20x | |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01369 | +0.146% | $625K | $925K | 20x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01370 | +0.219% | $2K | $1.1M | 20x | as long as short |
| MEXC BILL_USDT | +0.0198% | 4h | 0.01369 | +0.146% | $1.0M | $330K | 50x | as long as short |
| Extended BILL-USD | +0.0200% | 1h | 0.01368 | +0.089% | $2K | $227K | 5x | as long as short |
| Binance BILLUSDT | +0.0207% | 4h | 0.01368 | +0.073% | $2.4M | $3.7M | 20x | as long as short |
BloFin BILL-USDT
Aster BILLUSDT
Bybit BILLUSDT
OKX BILL-USDT-SWAP
Bitget BILLUSDT
SunX BILL-USDT
MEXC BILL_USDT
Extended BILL-USD
Binance BILLUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX BILL-USDT | +0.0224% | 4h | 0.01367 | 0.000% | — | $1.7M | — | as long as short |
| Backpack BILL_USDC_PERP | +0.0496% | 1h | 0.01366 | −0.073% | $21K | $941 | 5x | as long as short |
| HTX BILL-USDT | +0.0541% | 4h | 0.01370 | +0.219% | $17K | $8K | 20x | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0632% | 1h | 0.01364 | −0.234% | $46K | $99K | 50x | as long as short |
| KuCoin BILLUSDTMshort | +0.0838% | 4h | 0.01367 | +0.037% | $440K | $291K | 20x | |
| Deribit BILL_USDC-PERPETUAL | +0.2534% | 1h | 0.01369 | +0.132% | $107K | $14K | 10x | as long as short |
BingX BILL-USDT
Backpack BILL_USDC_PERP
HTX BILL-USDT
Coinbase International BILL-PERP-INTX
Deribit BILL_USDC-PERPETUAL