KERNEL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0590%/8h= +64.6% APRnext payment +$2.95 per $10,000 · paid last 24h +0.025%

Price spread now: KuCoin against Gate+0.031%7-day average −0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,534as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,520as in the Price arb table

costs, in and out, $10k−$1,52815.277% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 4 days (all we have)+0.045%+$5 · spread now +0.031%, 7d avg −0.048%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and KuCoin is 0.079% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.048%. Mind the row above: over the last 7 days funding on this pair cost −0.062%, 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 -0.062% in total (about -3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.95 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	KuCoin KERNELUSDTM	0.06559	−1.0528	pay 0.5264% / 4h	2h 12m	$264K	$422K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.031%Rate

Funding earned: $123.9
Price spread: +0.031% → −0.048%: $7.85
Slippage, 4 orders: −$1,500.69
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,395.94
Costs to cover: 15.277%
Break-even: 85.9 days

Slippage from Gate: live order book, 54 min ago; KuCoin: live order book, 17 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, 54 min ago	6.15 bp	43.2 bp −$43	19979.0 bp −$199.8K	doesn't fit	doesn't fit
Sell KuCoin live order book, 17 min ago	60.24 bp	875.8 bp −$876	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	−2.0722%	4h	0.06623	+1.007%	$1.9M	$9.8M	20x	as long as short
BingX KERNEL-USDT	−1.8540%	4h	0.06575	+0.275%	—	$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 KERNELUSDTMshort	−1.0528%	4h	0.06559	+0.031%	$264K	$422K	30x
Binance KERNELUSDT	−0.9604%	4h	0.06586	+0.447%	$3.8M	$43.0M	25x	as long as short
MEXC KERNEL_USDT	−0.9486%	4h	0.06574	+0.259%	$1.4M	$1.6M	20x	as long as short
Bitget KERNELUSDT	−0.7586%	4h	0.06577	+0.305%	$769K	$4.8M	25x	as long as short