Funding you earn now, next payment 08:00 UTC−0.0894%/8h= −97.9% APRpaid last 24h −0.242%
Price spread now: Gate against KuCoin−0.045%7-day average −0.143% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,529as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,475as in the Price arb table
costs, in and out, $10k−$1,48514.851% of the position
Funding, last 7 days−0.440%−$44 on $10k
+Price spread, last 4 days (all we have)−0.175%−$17 · spread now −0.045%, 7d avg −0.143%
=The price spread pays, funding is against you. Gate is 0.098% dearer against KuCoin than usual: you sell high and buy low (spread −0.045% now, against its 7-day average of −0.143%): +$10 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.440% in total) that is about 37 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.440% in total (about -22.9% a year). A funding rate is set anew for every payment. 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 FHEUSDTM | 0.02201 | 0.0994 | pay 0.0497% / 4h | 2h 38m | $648K | $9.2M | 10x |
| Short | Gate FHE_USDT | 0.02200 | 0.0100 | get 0.0100% / 8h | 2h 38m | $608K | $73K | 10x |
KuCoin FHEUSDTM
Gate FHE_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$187.74
- Price spread: −0.045% → −0.143%
- $9.78
- Slippage, 4 orders
- −$1,458.07
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,663.03
- Costs to cover
- 14.851%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, 8 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, 5 min ago | 2.26 bp | 764.5 bp −$764 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 8 min ago | 9.01 bp | 394.1 bp −$394 | doesn't fit | doesn't fit | doesn't fit |
FHE 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit FHEUSDT | +0.0100% | 4h | 0.02202 | +0.045% | $1.5M | $502K | 13x | as long as short |
| Gate FHE_USDTshort | +0.0100% | 8h | 0.02200 | −0.045% | $608K | $73K | 10x | |
| Aster FHEUSDT | +0.0552% | 4h | 0.02206 | +0.229% | $17K | $2K | 5x | as long as short |
| BingX FHE-USDT | +0.0814% | 4h | 0.02204 | +0.136% | — | $6.5M | — | as long as short |
| MEXC FHE_USDT | +0.0844% | 4h | 0.02207 | +0.273% | $838K | $302K | 50x | as long as short |
| Extended FHE-USD | +0.0848% | 1h | 0.02207 | +0.269% | $1K | $200K | 5x | as long as short |
| Binance FHEUSDT | +0.0848% | 4h | 0.02207 | +0.285% | $2.9M | $1.5M | 10x | as long as short |
| KuCoin FHEUSDTMlong | +0.0994% | 4h | 0.02201 | long leg | $648K | $9.2M | 10x |
Bybit FHEUSDT
Aster FHEUSDT
BingX FHE-USDT
MEXC FHE_USDT
Extended FHE-USD
Binance FHEUSDT