Funding you earn now, next payment 04:00 UTC−0.0856%/8h= −93.7% APRnext payment −$4.28 per $10,000 · paid last 24h −0.081%
Price spread now: Gate against KuCoin+0.022%7-day average −0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,631as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,581as in the Price arb table
costs, in and out, $10k−$2,59225.921% of the position
Funding, last 7 days−0.392%−$39 on $10k
+Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.022%, 7d avg −0.087%
=The price spread pays, funding is against you. Gate is 0.109% dearer against KuCoin than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.087%): +$11 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.392% in total) that is about 47 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 −$4.28 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 BILLUSDTM | 0.01385 | 0.0956 | pay 0.0478% / 4h | 3h 38m | $445K | $281K | 20x |
| Short | Gate BILL_USDT | 0.01385 | 0.0100 | get 0.0050% / 4h | 3h 38m | $280K | $82K | 20x |
KuCoin BILLUSDTM
Gate BILL_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$179.76
- Price spread: +0.022% → −0.087%
- $10.87
- Slippage, 4 orders
- −$2,565.06
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$2,760.95
- Costs to cover
- 25.921%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 13 min ago; Gate: live order book, 28 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, 13 min ago | 10.80 bp | 881.5 bp −$881 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 28 min ago | 7.21 bp | 292.0 bp −$292 | 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 | +0.0044% | 4h | 0.01387 | +0.166% | $145K | $19K | 20x | as long as short |
| Aster BILLUSDT | +0.0100% | 4h | 0.01383 | −0.091% | $2K | $4K | 5x | as long as short |
| Bybit BILLUSDT | +0.0100% | 4h | 0.01381 | −0.267% | $1.3M | $939K | 20x | as long as short |
| OKX BILL-USDT-SWAP | +0.0100% | 4h | 0.01383 | −0.123% | $1.0M | $2.5M | 20x | as long as short |
| Gate BILL_USDTshort | +0.0100% | 4h | 0.01385 | +0.022% | $280K | $82K | 20x | |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01384 | −0.051% | $632K | $850K | 20x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01385 | +0.022% | $2K | $1.1M | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.0103% | 1h | 0.01383 | −0.123% | $21K | $926 | 5x | as long as short |
| Extended BILL-USD | +0.0312% | 1h | 0.01384 | −0.044% | $1K | $266K | 5x | as long as short |
| Binance BILLUSDT | +0.0312% | 4h | 0.01384 | −0.051% | $2.5M | $3.6M | 20x | as long as short |
BloFin BILL-USDT
Aster BILLUSDT
Bybit BILLUSDT
OKX BILL-USDT-SWAP
Bitget BILLUSDT
SunX BILL-USDT
Backpack BILL_USDC_PERP
Extended BILL-USD
Binance BILLUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC BILL_USDT | +0.0316% | 4h | 0.01384 | −0.051% | $988K | $322K | 50x | as long as short |
| BingX BILL-USDT | +0.0318% | 4h | 0.01384 | −0.051% | — | $1.7M | — | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0632% | 1h | 0.01386 | +0.087% | $47K | $100K | 50x | as long as short |
| HTX BILL-USDT | +0.0827% | 4h | 0.01390 | +0.383% | $17K | $8K | 20x | as long as short |
| KuCoin BILLUSDTMlong | +0.0956% | 4h | 0.01385 | long leg | $445K | $281K | 20x | |
| Deribit BILL_USDC-PERPETUAL | +0.1775% | 1h | 0.01385 | +0.058% | $108K | $14K | 10x | as long as short |
MEXC BILL_USDT
BingX BILL-USDT
Coinbase International BILL-PERP-INTX
HTX BILL-USDT
Deribit BILL_USDC-PERPETUAL