Funding you earn now, next payment 04:00 UTC−0.1632%/8h= −178.7% APRnext payment −$8.16 per $10,000 · paid last 24h +0.316%
Price spread now: Gate against MEXC−0.061%7-day average +0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$293as in the Funding arb table
Net, price: spread back to 7d avg − costs−$341as in the Price arb table
costs, in and out, $10k−$3253.254% of the position
Funding, last 7 days+0.328%+$33 on $10k
+Price spread, last 4 days (all we have)+0.085%+$8 · spread now −0.061%, 7d avg +0.094%
=Both sides work against this trade now: funding costs −$49 a day on $10k at the current rate, and Gate is 0.155% cheaper against MEXC than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.094%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.328%, so the current rate has only just turned against you.
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 −$8.16 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 | MEXC KERNEL_USDT | 0.06561 | −0.9486 | get 0.4743% / 4h | 2h 12m | $1.4M | $1.6M | 20x |
| Short | Gate KERNEL_USDT | 0.06557 | −1.1118 | pay 0.5559% / 4h | 2h 12m | $257K | $1.0M | 50x |
MEXC KERNEL_USDT
Gate KERNEL_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against MEXC. 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
- −$342.72
- Price spread: −0.061% → +0.094%
- −$15.48
- Slippage, 4 orders
- −$306.44
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$683.64
- Costs to cover
- 3.254%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; Gate: live order book, 54 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 MEXC live order book, 4 min ago | 2.27 bp | 13.6 bp −$14 | 20.4 bp −$204 | 229.2 bp −$22.9K | doesn't fit |
| Sell Gate live order book, 54 min ago | 6.15 bp | 256.8 bp −$257 | 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 | −2.0624% | 4h | 0.06591 | +0.457% | $1.9M | $9.8M | 20x | as long as short |
| BingX KERNEL-USDT | −1.8669% | 4h | 0.06579 | +0.274% | — | $7.0M | — | as long as short |
| Variational Omni KERNEL | −1.2327% | 4h | 0.06680 | +1.810% | $11K | $24K | — | as long as short |
| Gate KERNEL_USDTshort | −1.1118% | 4h | 0.06557 | −0.061% | $257K | $1.0M | 50x | |
| KuCoin KERNELUSDTM | −1.0528% | 4h | 0.06559 | −0.030% | $264K | $422K | 30x | as long as short |
| Binance KERNELUSDT | −0.9604% | 4h | 0.06561 | −0.004% | $3.8M | $43.0M | 25x | as long as short |
| MEXC KERNEL_USDTlong | −0.9486% | 4h | 0.06561 | long leg | $1.4M | $1.6M | 20x | |
| Bitget KERNELUSDT | −0.7586% | 4h | 0.06576 | +0.229% | $768K | $4.8M | 25x | as long as short |
Bybit KERNELUSDT
BingX KERNEL-USDT
Variational Omni KERNEL
KuCoin KERNELUSDTM
Binance KERNELUSDT
Bitget KERNELUSDT