Funding you earn now, next payment 04:00 UTC+0.1579%/8h= +172.8% APRnext payment +$7.89 per $10,000 · paid last 24h +0.316%
Price spread now: Gate against Binance−0.141%7-day average +0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs−$118as in the Funding arb table
Net, price: spread back to 7d avg − costs−$176as in the Price arb table
costs, in and out, $10k−$1511.505% of the position
Funding, last 7 days+0.327%+$33 on $10k
+Price spread, last 4 days (all we have)+0.105%+$10 · spread now −0.141%, 7d avg +0.109%
=Funding pays, the price is against you. Gate is 0.250% cheaper against Binance than usual: you would sell low and buy high (spread −0.141% now, against its 7-day average of +0.109%). If the spread goes back, that is −$25 on $10k: about 13 hours of funding at the current rate (+$47 a day). At the pace of the last 7 days (+0.327% in total) that is about 5.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.327% in total (about 17.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.89 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 | Binance KERNELUSDT | 0.06361 | −1.5963 | get 0.7981% / 4h | 9m 03s | $4.0M | $77.0M | 25x |
| Short | Gate KERNEL_USDT | 0.06352 | −1.4384 | pay 0.7192% / 4h | 9m 03s | $384K | $2.1M | 50x |
Binance KERNELUSDT
Gate KERNEL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Binance. 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
- $331.49
- Price spread: −0.141% → +0.109%
- −$25
- Slippage, 4 orders
- −$125.54
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $155.94
- Costs to cover
- 1.505%
- Break-even
- 3.7 days
Slippage from Binance: live order book, 3 min ago; Gate: 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 Binance live order book, 3 min ago | 1.58 bp | 14.6 bp −$15 | 73.3 bp −$733 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 7.11 bp | 66.5 bp −$67 | doesn't fit | doesn't fit | doesn't fit |
KERNEL 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 KERNELUSDT | −2.1514% | 4h | 0.06410 | +0.771% | $2.3M | $15.9M | 20x | as long as short |
| Variational Omni KERNEL | −2.1200% | 4h | 0.06368 | +0.108% | $13K | $42K | — | as long as short |
| BingX KERNEL-USDT | −1.9744% | 4h | 0.06352 | −0.141% | — | $7.4M | — | as long as short |
| Binance KERNELUSDTlong | −1.5963% | 4h | 0.06361 | long leg | $4.0M | $77.0M | 25x | |
| MEXC KERNEL_USDT | −1.5962% | 4h | 0.06352 | −0.141% | $1.3M | $2.7M | 20x | as long as short |
| KuCoin KERNELUSDTM | −1.5710% | 4h | 0.06333 | −0.440% | $329K | $568K | 30x | as long as short |
| Bitget KERNELUSDT | −1.5534% | 4h | 0.06344 | −0.267% | $1.1M | $8.6M | 25x | as long as short |
| Gate KERNEL_USDTshort | −1.4384% | 4h | 0.06352 | −0.141% | $384K | $2.1M | 50x |
Bybit KERNELUSDT
Variational Omni KERNEL
BingX KERNEL-USDT
MEXC KERNEL_USDT
KuCoin KERNELUSDTM
Bitget KERNELUSDT