Funding you earn now, next payment 04:00 UTC+0.0290%/8h= +31.8% APRnext payment +$1.45 per $10,000 · paid last 24h +0.025%
Price spread now: KuCoin against Gate0.000%7-day average −0.100% · you sell dearer than you buy
Net, funding: paid 7d − costs−$927as in the Funding arb table
Net, price: spread back to 7d avg − costs−$899as in the Price arb table
costs, in and out, $10k−$9099.088% of the position
Funding, last 7 days−0.180%−$18 on $10k
+Price spread, last 4 days (all we have)−0.026%−$3 · spread now 0.000%, 7d avg −0.100%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and KuCoin is 0.100% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.100%. Mind the row above: over the last 7 days funding on this pair cost −0.180%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.180% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.45 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 ERA_USDT | 0.06757 | −0.0190 | get 0.0095% / 4h | 3h 39m | $147K | $671K | 25x |
| Short | KuCoin ERAUSDTM | 0.06757 | 0.0100 | get 0.0050% / 4h | 3h 39m | $134K | $45K | 25x |
Gate ERA_USDT
KuCoin ERAUSDTMFunding 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
- $60.9
- Price spread: 0.000% → −0.100%
- $10.03
- Slippage, 4 orders
- −$881.83
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$837.9
- Costs to cover
- 9.088%
- Break-even
- 103.3 days
Slippage from Gate: live order book, 32 min ago; KuCoin: live order book, 4 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, 32 min ago | 12.51 bp | 66.0 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 12.59 bp | 470.2 bp −$470 | doesn't fit | doesn't fit | doesn't fit |
ERA 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ERA_USDTlong | −0.0190% | 4h | 0.06757 | long leg | $147K | $671K | 25x | |
| Aster ERAUSDT | +0.0100% | 4h | 0.06758 | +0.009% | $5K | $12K | 5x | as long as short |
| Binance ERAUSDT | +0.0100% | 4h | 0.06754 | −0.047% | $2.1M | $4.3M | 25x | as long as short |
| Bybit ERAUSDT | +0.0100% | 4h | 0.06751 | −0.089% | $742K | $761K | 25x | as long as short |
| MEXC ERA_USDT | +0.0100% | 4h | 0.06756 | −0.015% | $520K | $137K | 20x | as long as short |
| KuCoin ERAUSDTMshort | +0.0100% | 4h | 0.06757 | 0.000% | $134K | $45K | 25x | |
| Bitget ERAUSDT | +0.0100% | 4h | 0.06759 | +0.030% | $813K | $242K | 25x | as long as short |
| BingX ERA-USDT | +0.0100% | 4h | 0.06753 | −0.059% | — | $6.6M | — | as long as short |
| Variational Omni ERA | +0.0100% | 4h | 0.06759 | +0.029% | $10K | $594 | — | as long as short |
Aster ERAUSDT
Binance ERAUSDT
Bybit ERAUSDT
MEXC ERA_USDT
Bitget ERAUSDT
BingX ERA-USDT
Variational Omni ERA