Funding you earn now, next payment 04:00 UTC+0.0214%/8h= +23.4% APRnext payment +$1.07 per $10,000 · paid last 24h +0.012%
Price spread now: KuCoin against Gate+0.100%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$264as in the Funding arb table
Net, price: spread back to 7d avg − costs−$251as in the Price arb table
costs, in and out, $10k−$2592.592% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.100%, 7d avg +0.018%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and KuCoin is 0.082% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.018%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.047% in total (about -2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.07 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 BMT_USDT | 0.02005 | 0.0100 | pay 0.0050% / 4h | 2h 18m | $174K | $215K | 25x |
| Short | KuCoin BMTUSDTM | 0.02007 | 0.0314 | get 0.0157% / 4h | 2h 18m | $614K | $71K | 20x |
Gate BMT_USDT
KuCoin BMTUSDTMFunding 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
- $44.94
- Price spread: +0.100% → +0.018%
- $8.16
- Slippage, 4 orders
- −$232.16
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$206.06
- Costs to cover
- 2.592%
- Break-even
- 39.1 days
Slippage from Gate: live order book, 42 min ago; KuCoin: live order book, 20 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, 42 min ago | 4.97 bp | 53.8 bp −$54 | 151.7 bp −$1,517 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 20 min ago | 7.49 bp | 67.4 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
BMT on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BMTUSDT | +0.0100% | 4h | 0.02005 | +0.020% | $44K | $10K | 5x | as long as short |
| Binance BMTUSDT | +0.0100% | 4h | 0.02006 | +0.029% | $2.3M | $2.4M | 20x | as long as short |
| Bybit BMTUSDT | +0.0100% | 4h | 0.02004 | −0.030% | $966K | $385K | 5x | as long as short |
| Gate BMT_USDTlong | +0.0100% | 4h | 0.02005 | long leg | $174K | $215K | 25x | |
| MEXC BMT_USDT | +0.0100% | 4h | 0.02005 | 0.000% | $203K | $141K | 100x | as long as short |
| BingX BMT-USDT | +0.0100% | 4h | 0.02005 | 0.000% | — | $2.3M | — | as long as short |
| Variational Omni BMT | +0.0100% | 4h | 0.02005 | +0.016% | $52K | $27K | — | as long as short |
| KuCoin BMTUSDTMshort | +0.0314% | 4h | 0.02007 | +0.100% | $614K | $71K | 20x |
Aster BMTUSDT
Binance BMTUSDT
Bybit BMTUSDT
MEXC BMT_USDT
BingX BMT-USDT
Variational Omni BMT