Funding you earn now, next payment 00:00 UTC+0.0506%/8h= +55.4% APRnext payment +$2.53 per $10,000 · paid last 24h −0.089%
Price spread now: KuCoin against Gate+0.146%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$362as in the Funding arb table
Net, price: spread back to 7d avg − costs−$332as in the Price arb table
costs, in and out, $10k−$3373.370% of the position
Funding, last 7 days−0.246%−$25 on $10k
+Price spread, last 7 days−0.149%−$15 · spread now +0.146%, 7d avg +0.092%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and KuCoin is 0.055% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.092%. Mind the row above: over the last 7 days funding on this pair cost −0.246%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.246% in total (about -12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.53 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 BTW_USDT | 0.8049 | 0.0486 | pay 0.0243% / 4h | 2m 23s | $3.5M | $16.1M | 10x |
| Short | KuCoin BTWUSDTM | 0.8061 | 0.0992 | get 0.0496% / 4h | 2m 23s | $7.3M | $4.8M | 10x |
Gate BTW_USDT
KuCoin BTWUSDTMFunding 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
- $106.26
- Price spread: +0.146% → +0.092%
- $5.45
- Slippage, 4 orders
- −$310
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$225.28
- Costs to cover
- 3.370%
- Break-even
- 21.8 days
Slippage from Gate: live order book, 1 min ago; KuCoin: live order book, 6 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, 1 min ago | 11.68 bp | 41.7 bp −$42 | 72.3 bp −$723 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 9.23 bp | 180.9 bp −$181 | doesn't fit | doesn't fit | doesn't fit |
BTW on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.8119 | +0.869% | $201K | $741K | 10x | as long as short |
| Gate BTW_USDTlong | +0.0486% | 4h | 0.8049 | long leg | $3.5M | $16.1M | 10x | |
| KuCoin BTWUSDTMshort | +0.0992% | 4h | 0.8061 | +0.146% | $7.3M | $4.8M | 10x | |
| Aster BTWUSDT | +0.1077% | 4h | 0.8059 | +0.118% | $2.2M | $2.9M | 5x | as long as short |
| Bybit BTWUSDT | +0.1087% | 4h | 0.8055 | +0.069% | $15.7M | $38.5M | 10x | as long as short |
| Bitget BTWUSDT | +0.1110% | 4h | 0.8078 | +0.354% | $25.6M | $13.4M | 5x | as long as short |
| BingX BTW-USDT | +0.1110% | 4h | 0.8070 | +0.258% | — | $4.4M | — | as long as short |
| Binance BTWUSDT | +0.1115% | 4h | 0.8071 | +0.270% | $112.4M | $167.5M | 10x | as long as short |
| Extended BTW-USD | +0.1120% | 1h | 0.8052 | +0.033% | $38K | $11K | 5x | as long as short |
| MEXC BTW_USDT | +0.1120% | 4h | 0.8064 | +0.183% | $9.7M | $6.2M | 20x | as long as short |
HTX BTW-USDT
Aster BTWUSDT
Bybit BTWUSDT
Bitget BTWUSDT
BingX BTW-USDT
Binance BTWUSDT
Extended BTW-USD
MEXC BTW_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.1149% | 4h | 0.8028 | −0.259% | $331K | $500K | 10x | as long as short |
edgeX BTWUSDC