DATA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1346%/8h= −147.4% APRnext payment −$6.73 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against KuCoin+0.132%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$713as in the Funding arb table

Net, price: spread back to 7d avg − costs−$698as in the Price arb table

costs, in and out, $10k−$7107.099% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.132%, 7d avg +0.013%

Together, before fees−0.066%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.119% dearer against KuCoin than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.013%): +$12 on $10k if it goes back. Holding the pair costs −$40 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.028% in total) that is about 30 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.73 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	KuCoin DATAUSDTM	0.2272	−0.1106	get 0.0553% / 4h	2h 11m	$206K	$1.0M	30x
Short	Gate DATA_USDT	0.2275	−0.2452	pay 0.1226% / 4h	2h 11m	$117K	$87K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee GatebpOrdersPrice spread, now +0.132%Rate

Funding earned: −$282.66
Price spread: +0.132% → +0.013%: $11.91
Slippage, 4 orders: −$682.94
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$980.69
Costs to cover: 7.099%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Gate: live order book, 16 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 KuCoin live order book, 3 min ago	16.49 bp	279.5 bp −$279	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 16 min ago	15.60 bp	131.3 bp −$131	doesn't fit	doesn't fit	doesn't fit

DATA 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
OKX DATA-USDT-SWAP	−0.3202%	4h	0.2266	−0.264%	$1.3M	$7.1M	20x	as long as short
MEXC DATA_USDT	−0.3142%	4h	0.2272	0.000%	$104K	$274K	20x	as long as short
Gate DATA_USDTshort	−0.2452%	4h	0.2275	+0.132%	$117K	$87K	20x
Extended DATA-USD	−0.1488%	1h	0.2268	−0.158%	$942	$60	5x	as long as short
Bybit DATAUSDT	−0.1132%	4h	0.2277	+0.202%	$1.3M	$1.7M	20x	as long as short
KuCoin DATAUSDTMlong	−0.1106%	4h	0.2272	long leg	$206K	$1.0M	30x
Lighter DATA	−0.0200%	1h	0.2284	+0.528%	$75K	$229K	10x	as long as short
Bitget DATAUSDT	+0.0082%	4h	0.2277	+0.220%	$691K	$475K	50x	as long as short