Funding you earn now, next payment 04:00 UTC−0.7551%/8h= −826.8% APRnext payment −$37.75 per $10,000 · paid last 24h −0.650%
Price spread now: BingX against Gate+0.336%7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$423as in the Funding arb table
Net, price: spread back to 7d avg − costs−$320as in the Price arb table
costs, in and out, $10k−$3583.580% of the position
Funding, last 7 days−0.653%−$65 on $10k
+Price spread, last 4 days (all we have)−0.287%−$29 · spread now +0.336%, 7d avg −0.047%
=The price spread pays, funding is against you. BingX is 0.382% dearer against Gate than usual: you sell high and buy low (spread +0.336% now, against its 7-day average of −0.047%): +$38 on $10k if it goes back. Holding the pair costs −$227 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.653% in total) that is about 4.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.653% in total (about -34.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$37.75 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 | BingX KERNEL-USDT | 0.06579 | −1.8669 | pay 0.9334% / 4h | 2h 12m | — | $7.0M | — |
Gate KERNEL_USDT
BingX KERNEL-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$1,585.67
- Price spread: +0.336% → −0.047%
- $38.21
- Slippage, 4 orders
- −$333.01
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$1,905.48
- Costs to cover
- 3.580%
- Break-even
- never at this rate
Slippage from Gate: live order book, 53 min ago; BingX: live order book, 10 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 BingX live order book, 10 min ago | 8.28 bp | 28.8 bp −$29 | 85.4 bp −$854 | 590.3 bp −$59.0K | 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-USDTshort | −1.8669% | 4h | 0.06579 | +0.336% | — | $7.0M | — | |
| 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 KERNELUSDT | −0.9604% | 4h | 0.06561 | +0.057% | $3.8M | $43.0M | 25x | as long as short |
| 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 |
Bybit KERNELUSDT
Variational Omni KERNEL
KuCoin KERNELUSDTM
Binance KERNELUSDT
MEXC KERNEL_USDT
Bitget KERNELUSDT