Funding you earn now, next payment 04:00 UTC+0.1172%/8h= +128.3% APRnext payment +$5.86 per $10,000 · paid last 24h −0.024%
Price spread now: Gate against KuCoin+0.302%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$470as in the Funding arb table
Net, price: spread back to 7d avg − costs−$452as in the Price arb table
costs, in and out, $10k−$4764.759% of the position
Funding, last 7 days+0.062%+$6 on $10k
+Price spread, last 4 days (all we have)−0.423%−$42 · spread now +0.302%, 7d avg +0.066%
=Both sides work for this trade now. Funding pays +$35 a day on $10k at the current rate, and Gate is 0.236% dearer against KuCoin than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.066%.
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 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.86 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 | KuCoin KERNELUSDTM | 0.06619 | −1.4498 | get 0.7249% / 4h | 57m 48s | $282K | $531K | 30x |
| Short | Gate KERNEL_USDT | 0.06639 | −1.3326 | pay 0.6663% / 4h | 57m 48s | $358K | $1.8M | 50x |
KuCoin KERNELUSDTM
Gate KERNEL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against KuCoin. 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
- $246.12
- Price spread: +0.302% → +0.066%
- $23.57
- Slippage, 4 orders
- −$448.89
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$206.2
- Costs to cover
- 4.759%
- Break-even
- 12.9 days
Slippage from KuCoin: live order book, 25 min ago; Gate: live order book, 5 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 KuCoin live order book, 25 min ago | 45.71 bp | 123.3 bp −$123 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 12.88 bp | 71.0 bp −$71 | 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 | −2.2561% | 4h | 0.06676 | +0.861% | $2.3M | $13.9M | 20x | as long as short |
| BingX KERNEL-USDT | −2.0348% | 4h | 0.06644 | +0.378% | — | $7.3M | — | as long as short |
| Variational Omni KERNEL | −1.9602% | 4h | 0.06640 | +0.319% | $13K | $37K | — | as long as short |
| KuCoin KERNELUSDTMlong | −1.4498% | 4h | 0.06619 | long leg | $282K | $531K | 30x | |
| Binance KERNELUSDT | −1.4125% | 4h | 0.06645 | +0.393% | $4.3M | $67.1M | 25x | as long as short |
| MEXC KERNEL_USDT | −1.4036% | 4h | 0.06645 | +0.393% | $1.2M | $2.5M | 20x | as long as short |
| Gate KERNEL_USDTshort | −1.3326% | 4h | 0.06639 | +0.302% | $358K | $1.8M | 50x | |
| Bitget KERNELUSDT | −1.3064% | 4h | 0.06623 | +0.060% | $1.1M | $7.4M | 25x | as long as short |
Bybit KERNELUSDT
BingX KERNEL-USDT
Variational Omni KERNEL
Binance KERNELUSDT
MEXC KERNEL_USDT
Bitget KERNELUSDT