Funding you earn now, next payment 08:00 UTC−0.0780%/8h= −85.4% APRnext payment −$3.90 per $10,000 · paid last 24h −0.035%
Price spread now: KuCoin against Gate−0.184%7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$357as in the Funding arb table
Net, price: spread back to 7d avg − costs−$348as in the Price arb table
costs, in and out, $10k−$3383.382% of the position
Funding, last 7 days−0.190%−$19 on $10k
+Price spread, last 4 days (all we have)+0.254%+$25 · spread now −0.184%, 7d avg −0.087%
=Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and KuCoin is 0.097% cheaper against Gate than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.087%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.190% in total (about -9.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.90 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 CYS_USDT | 0.1631 | 0.0880 | pay 0.0440% / 4h | 1h 58m | $633K | $128K | 20x |
| Short | KuCoin CYSUSDTM | 0.1628 | 0.0100 | get 0.0050% / 4h | 1h 58m | $1.4M | $153K | 20x |
Gate CYS_USDT
KuCoin CYSUSDTMFunding 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
- −$163.8
- Price spread: −0.184% → −0.087%
- −$9.74
- Slippage, 4 orders
- −$311.19
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$511.74
- Costs to cover
- 3.382%
- Break-even
- never at this rate
Slippage from Gate: live order book, 47 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, 47 min ago | 15.50 bp | 70.0 bp −$70 | 135.9 bp −$1,359 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 12.29 bp | 149.8 bp −$150 | doesn't fit | doesn't fit | doesn't fit |
CYS on 10 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 CYSUSDT | +0.0100% | 4h | 0.1630 | −0.048% | $259K | $89K | 10x | as long as short |
| KuCoin CYSUSDTMshort | +0.0100% | 4h | 0.1628 | −0.184% | $1.4M | $153K | 20x | |
| Bitget CYSUSDT | +0.0100% | 4h | 0.1631 | −0.012% | $1.7M | $699K | 25x | as long as short |
| MEXC CYS_USDT | +0.0114% | 4h | 0.1629 | −0.123% | $1.5M | $239K | 50x | as long as short |
| Binance CYSUSDT | +0.0115% | 4h | 0.1631 | −0.029% | $4.3M | $5.0M | 20x | as long as short |
| edgeX CYSUSDC | +0.0122% | 4h | 0.1632 | +0.033% | $7K | $111K | 10x | as long as short |
| Variational Omni CYS | +0.0175% | 4h | 0.1631 | +0.012% | $34K | $13K | — | as long as short |
| Bybit CYSUSDT | +0.0426% | 4h | 0.1631 | 0.000% | $1.5M | $1.1M | 13x | as long as short |
| BingX CYS-USDT | +0.0484% | 4h | 0.1631 | 0.000% | — | $1.3M | — | as long as short |
| Gate CYS_USDTlong | +0.0880% | 4h | 0.1631 | long leg | $633K | $128K | 20x |
Aster CYSUSDT
Bitget CYSUSDT
MEXC CYS_USDT
Binance CYSUSDT
edgeX CYSUSDC
Variational Omni CYS
Bybit CYSUSDT
BingX CYS-USDT