Funding you earn now, next payment 08:00 UTC−0.0348%/8h= −38.1% APRnext payment −$1.74 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Gate−0.357%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$1641.639% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 4 days (all we have)+0.323%+$32 · spread now −0.357%, 7d avg −0.091%
=Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bitget is 0.265% cheaper against Gate than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.091%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.008% in total (about -0.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.74 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 KAVA_USDT | 0.07007 | 0.0448 | pay 0.0224% / 4h | 2h 00m | $518K | $155K | 25x |
| Short | Bitget KAVAUSDT | 0.06982 | 0.0100 | get 0.0050% / 4h | 2h 00m | $748K | $438K | 25x |
Gate KAVA_USDT
Bitget KAVAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$73.08
- Price spread: −0.357% → −0.091%
- −$26.55
- Slippage, 4 orders
- −$136.93
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$263.56
- Costs to cover
- 1.639%
- Break-even
- never at this rate
Slippage from Gate: live order book, 45 min ago; Bitget: live order book, 45 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, 45 min ago | 11.57 bp | 51.6 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 45 min ago | 6.53 bp | 23.0 bp −$23 | 96.1 bp −$961 | doesn't fit | doesn't fit |
KAVA 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance KAVAUSDT | +0.0100% | 4h | 0.06986 | −0.300% | $7.9M | $8.9M | 50x | as long as short |
| Bybit KAVAUSDT | +0.0100% | 8h | 0.06990 | −0.243% | $1.3M | $859K | 25x | as long as short |
| MEXC KAVA_USDT | +0.0100% | 4h | 0.06988 | −0.271% | $401K | $164K | 20x | as long as short |
| KuCoin KAVAUSDTM | +0.0100% | 4h | 0.06987 | −0.285% | $361K | $51K | 12x | as long as short |
| Bitget KAVAUSDTshort | +0.0100% | 4h | 0.06982 | −0.357% | $748K | $438K | 25x | |
| BingX KAVA-USDT | +0.0100% | 4h | 0.06994 | −0.186% | — | $2.3M | — | as long as short |
| Variational Omni KAVA | +0.0100% | 8h | 0.06988 | −0.268% | $895 | $1K | — | as long as short |
| Gate KAVA_USDTlong | +0.0448% | 4h | 0.07007 | long leg | $518K | $155K | 25x | |
| Kraken Futures PF_KAVAUSD | +0.0727% | 1h | 0.07000 | −0.096% | $40K | $31K | 10x | as long as short |
Binance KAVAUSDT
Bybit KAVAUSDT
MEXC KAVA_USDT
KuCoin KAVAUSDTM
BingX KAVA-USDT
Variational Omni KAVA
Kraken Futures PF_KAVAUSD