KERNEL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.1514%/8h= +165.8% APRnext payment +$7.57 per $10,000 · paid last 24h −0.317%

Price spread now: Binance against Gate+0.057%7-day average −0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$385as in the Funding arb table

Net, price: spread back to 7d avg − costs−$337as in the Price arb table

costs, in and out, $10k−$3533.526% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.328%−$33 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.057%, 7d avg −0.094%

Together, before fees−0.388%−$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$45 a day on $10k at the current rate, and Binance is 0.151% dearer against Gate than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.094%. Mind the row above: over the last 7 days funding on this pair cost −0.328%, 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 -0.328% in total (about -17.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.57 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 KERNEL_USDT	0.06557	−1.1118	get 0.5559% / 4h	2h 12m	$257K	$1.0M	50x
Short	Binance KERNELUSDT	0.06561	−0.9604	pay 0.4802% / 4h	2h 12m	$3.8M	$43.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BinancebpOrdersPrice spread, now +0.057%Rate

Funding earned: $317.99
Price spread: +0.057% → −0.094%: $15.11
Slippage, 4 orders: −$327.58
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$19.49
Costs to cover: 3.526%
Break-even: 7.4 days

Slippage from Gate: live order book, 53 min ago; Binance: live order book, 14 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, 53 min ago	6.15 bp	43.2 bp −$43	19979.0 bp −$199.8K	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	3.86 bp	30.3 bp −$30	128.8 bp −$1,288	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	−2.0624%	4h	0.06591	+0.519%	$1.9M	$9.8M	20x	as long as short
BingX KERNEL-USDT	−1.8669%	4h	0.06579	+0.336%	—	$7.0M	—	as long as short
Variational Omni KERNEL	−1.2327%	4h	0.06680	+1.872%	$11K	$24K	—	as long as short
Gate KERNEL_USDTlong	−1.1118%	4h	0.06557	long leg	$257K	$1.0M	50x
KuCoin KERNELUSDTM	−1.0528%	4h	0.06559	+0.031%	$264K	$422K	30x	as long as short
Binance KERNELUSDTshort	−0.9604%	4h	0.06561	+0.057%	$3.8M	$43.0M	25x
MEXC KERNEL_USDT	−0.9486%	4h	0.06561	+0.061%	$1.4M	$1.6M	20x	as long as short
Bitget KERNELUSDT	−0.7586%	4h	0.06576	+0.290%	$768K	$4.8M	25x	as long as short