Funding you earn now, next payment 04:00 UTC−0.0464%/8h= −50.8% APRnext payment −$2.32 per $10,000 · paid last 24h −0.019%
Price spread now: KuCoin against Gate−0.572%7-day average −0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$423as in the Funding arb table
Net, price: spread back to 7d avg − costs−$492as in the Price arb table
costs, in and out, $10k−$4464.463% of the position
Funding, last 7 days+0.232%+$23 on $10k
+Price spread, last 4 days (all we have)+0.437%+$44 · spread now −0.572%, 7d avg −0.118%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and KuCoin is 0.454% cheaper against Gate than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.118%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.232%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.232% in total (about 12.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.32 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 C_USDT | 0.08045 | 0.0564 | pay 0.0282% / 4h | 1h 15m | $329K | $521K | 20x |
| Short | KuCoin CUSDTM | 0.07999 | 0.0100 | get 0.0050% / 4h | 1h 15m | $645K | $141K | 25x |
Gate C_USDT
KuCoin CUSDTMFunding 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
- −$97.44
- Price spread: −0.572% → −0.118%
- −$45.4
- Slippage, 4 orders
- −$419.32
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$589.16
- Costs to cover
- 4.463%
- Break-even
- never at this rate
Slippage from Gate: live order book, 45 min ago; KuCoin: live order book, 8 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, 45 min ago | 8.74 bp | 70.3 bp −$70 | 9150.9 bp −$91.5K | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 31.24 bp | 132.3 bp −$132 | doesn't fit | doesn't fit | doesn't fit |
C on 9 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 CUSDT | +0.0100% | 4h | 0.08033 | −0.151% | $32K | $104K | 5x | as long as short |
| Binance CUSDT | +0.0100% | 4h | 0.08014 | −0.385% | $6.6M | $12.0M | 50x | as long as short |
| MEXC C_USDT | +0.0100% | 4h | 0.08011 | −0.423% | $214K | $201K | 50x | as long as short |
| KuCoin CUSDTMshort | +0.0100% | 4h | 0.07999 | −0.572% | $645K | $141K | 25x | |
| Bitget CUSDT | +0.0100% | 4h | 0.08012 | −0.410% | $451K | $1.0M | 20x | as long as short |
| Variational Omni C | +0.0100% | 4h | 0.08041 | −0.051% | $619 | $13K | — | as long as short |
| Gate C_USDTlong | +0.0564% | 4h | 0.08045 | long leg | $329K | $521K | 20x | |
| Bybit CUSDT | +0.1125% | 4h | 0.08020 | −0.311% | $1.2M | $1.8M | 13x | as long as short |
| BingX C-USDT | +0.1138% | 4h | 0.08019 | −0.323% | — | $2.4M | — | as long as short |
Aster CUSDT
Binance CUSDT
MEXC C_USDT
Bitget CUSDT
Variational Omni C
Bybit CUSDT
BingX C-USDT