Funding you earn now, next payment 08:00 UTC+0.0794%/8h= +86.9% APRnext payment +$3.97 per $10,000 · paid last 24h +0.006%
Price spread now: KuCoin against Gate−0.229%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$646as in the Funding arb table
Net, price: spread back to 7d avg − costs−$671as in the Price arb table
costs, in and out, $10k−$6506.498% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 4 days (all we have)+0.120%+$12 · spread now −0.229%, 7d avg −0.021%
=Funding pays, the price is against you. KuCoin is 0.208% cheaper against Gate than usual: you would sell low and buy high (spread −0.229% now, against its 7-day average of −0.021%). If the spread goes back, that is −$21 on $10k: about 21 hours of funding at the current rate (+$24 a day). At the pace of the last 7 days (+0.034% in total) that is about 43 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.034% in total (about 1.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.97 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 DATA_USDT | 0.2223 | −0.1442 | get 0.0721% / 4h | 1h 09m | $109K | $128K | 20x |
| Short | KuCoin DATAUSDTM | 0.2218 | −0.0648 | pay 0.0324% / 4h | 1h 09m | $262K | $942K | 30x |
Gate DATA_USDT
KuCoin DATAUSDTMFunding 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
- $166.74
- Price spread: −0.229% → −0.021%
- −$20.79
- Slippage, 4 orders
- −$622.83
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$503.89
- Costs to cover
- 6.498%
- Break-even
- 28.2 days
Slippage from Gate: live order book, 58 min ago; KuCoin: live order book, 15 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, 58 min ago | 11.36 bp | 95.0 bp −$95 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 15 min ago | 16.67 bp | 214.6 bp −$215 | doesn't fit | doesn't fit | doesn't fit |
DATA 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 | |
|---|---|---|---|---|---|---|---|---|
| MEXC DATA_USDT | −0.2600% | 4h | 0.2218 | −0.225% | $125K | $282K | 20x | as long as short |
| OKX DATA-USDT-SWAP | −0.2587% | 4h | 0.2217 | −0.270% | $1.2M | $9.8M | 20x | as long as short |
| BloFin DATA-USDT | −0.2577% | 4h | 0.2215 | −0.360% | $117K | $7K | 20x | as long as short |
| Extended DATA-USD | −0.1728% | 1h | 0.2218 | −0.209% | $923 | $60 | 5x | as long as short |
| Bybit DATAUSDT | −0.1595% | 4h | 0.2222 | −0.045% | $1.1M | $2.6M | 20x | as long as short |
| Gate DATA_USDTlong | −0.1442% | 4h | 0.2223 | long leg | $109K | $128K | 20x | |
| KuCoin DATAUSDTMshort | −0.0648% | 4h | 0.2218 | −0.229% | $262K | $942K | 30x | |
| Bitget DATAUSDT | −0.0010% | 4h | 0.2223 | 0.000% | $646K | $701K | 50x | as long as short |
| Lighter DATA | +0.0096% | 1h | 0.2223 | 0.000% | $54K | $281K | 10x | as long as short |
MEXC DATA_USDT
OKX DATA-USDT-SWAP
BloFin DATA-USDT
Extended DATA-USD
Bybit DATAUSDT
Bitget DATAUSDT
Lighter DATA