Funding you earn now, next payment 04:00 UTC+0.0640%/8h= +70.1% APRnext payment +$3.20 per $10,000 · paid last 24h −0.321%
Price spread now: MEXC against Gate−0.268%7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$239as in the Funding arb table
Net, price: spread back to 7d avg − costs−$221as in the Price arb table
costs, in and out, $10k−$2052.052% of the position
Funding, last 7 days−0.333%−$33 on $10k
+Price spread, last 4 days (all we have)+0.316%+$32 · spread now −0.268%, 7d avg −0.108%
=Funding pays, the price is against you. MEXC is 0.160% cheaper against Gate than usual: you would sell low and buy high (spread −0.268% now, against its 7-day average of −0.108%). If the spread goes back, that is −$16 on $10k: about 20 hours of funding at the current rate (+$19 a day). Mind the row above: over the last 7 days funding on this pair cost −0.333%, 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 -0.333% in total (about -17.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.20 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 | 0.06724 | −1.1516 | get 0.5758% / 4h | 1h 47m | $394K | $1.4M | 50x |
| Short | MEXC KERNEL_USDT | 0.06706 | −1.0876 | pay 0.5438% / 4h | 1h 47m | $1.6M | $1.9M | 20x |
Gate KERNEL_USDT
MEXC KERNEL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- $134.4
- Price spread: −0.268% → −0.108%
- −$15.98
- Slippage, 4 orders
- −$186.25
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$86.82
- Costs to cover
- 2.052%
- Break-even
- 11.5 days
Slippage from Gate: live order book, 5 min ago; MEXC: 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 Gate live order book, 5 min ago | 10.29 bp | 130.8 bp −$131 | 549.8 bp −$5,498 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 0.74 bp | 8.5 bp −$9 | 18.6 bp −$186 | 240.8 bp −$24.1K | 607.0 bp −$303.5K |
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 | −2.0355% | 4h | 0.06722 | −0.030% | $2.1M | $11.3M | 20x | as long as short |
| BingX KERNEL-USDT | −1.8462% | 4h | 0.06706 | −0.268% | — | $7.1M | — | as long as short |
| Variational Omni KERNEL | −1.4710% | 4h | 0.06772 | +0.717% | $11K | $24K | — | as long as short |
| KuCoin KERNELUSDTM | −1.1802% | 4h | 0.06688 | −0.535% | $282K | $446K | 30x | as long as short |
| Gate KERNEL_USDTlong | −1.1516% | 4h | 0.06724 | long leg | $394K | $1.4M | 50x | |
| Binance KERNELUSDT | −1.0877% | 4h | 0.06701 | −0.335% | $4.3M | $52.0M | 25x | as long as short |
| MEXC KERNEL_USDTshort | −1.0876% | 4h | 0.06706 | −0.268% | $1.6M | $1.9M | 20x | |
| Bitget KERNELUSDT | −0.9168% | 4h | 0.06694 | −0.446% | $850K | $5.7M | 25x | as long as short |
Bybit KERNELUSDT
BingX KERNEL-USDT
Variational Omni KERNEL
KuCoin KERNELUSDTM
Binance KERNELUSDT
Bitget KERNELUSDT