DRIFT

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.003%

Price spread now: KuCoin against Gate−0.113%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,087as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,077as in the Price arb table

costs, in and out, $10k−$1,07710.765% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)−0.019%−$2 · spread now −0.113%, 7d avg −0.108%

Together, before fees−0.123%−$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate DRIFT_USDT	0.01777	0.0100	pay 0.0050% / 4h	3h 39m	$116K	$232K	10x
Short	KuCoin DRIFTUSDTM	0.01775	0.0098	get 0.0049% / 4h	3h 39m	$726K	$136K	20x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee GatebpFee KuCoinbpOrdersPrice spread, now −0.113%Rate

Slippage from Gate: live order book, 52 min ago; KuCoin: live order book, 5 min ago.

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, 52 min ago	14.03 bp	109.6 bp −$110	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	14.10 bp	350.2 bp −$350	doesn't fit	doesn't fit	doesn't fit

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
Injective DRIFT/USDC PERP	+0.0033%	1h	0.01591	−10.467%	—	$9K	5.5x	as long as short
KuCoin DRIFTUSDTMshort	+0.0098%	4h	0.01775	−0.113%	$726K	$136K	20x
Binance DRIFTUSDT	+0.0100%	4h	0.01784	+0.394%	$2.5M	$6.3M	20x	as long as short
Bybit DRIFTUSDT	+0.0100%	4h	0.01778	+0.056%	$2.3M	$2.6M	20x	as long as short
Gate DRIFT_USDTlong	+0.0100%	4h	0.01777	long leg	$116K	$232K	10x
MEXC DRIFT_USDT	+0.0100%	4h	0.01777	0.000%	$420K	$163K	20x	as long as short
Bitget DRIFTUSDT	+0.0100%	4h	0.01781	+0.225%	$547K	$372K	10x	as long as short
BingX DRIFT-USDT	+0.0100%	4h	0.01779	+0.113%	—	$6.6M	—	as long as short
Variational Omni DRIFT	+0.0100%	4h	0.01776	−0.045%	$24K	$4K	—	as long as short
BloFin DRIFT-USDT	+0.0140%	4h	0.01786	+0.506%	$160K	$19K	20x	as long as short