Funding you earn now, next payment 00:00 UTC+0.1160%/8h= +127.0% APRnext payment +$5.80 per $10,000 · paid last 24h −0.029%
Price spread now: Gate against Bitget−0.231%7-day average −0.129% · you buy dearer than you sell
Net, funding: paid 7d − costs−$687as in the Funding arb table
Net, price: spread back to 7d avg − costs−$720as in the Price arb table
costs, in and out, $10k−$7107.097% of the position
Funding, last 7 days+0.223%+$22 on $10k
+Price spread, last 7 days+0.094%+$9 · spread now −0.231%, 7d avg −0.129%
=Funding pays, the price is against you. Gate is 0.102% cheaper against Bitget than usual: you would sell low and buy high (spread −0.231% now, against its 7-day average of −0.129%). If the spread goes back, that is −$10 on $10k: about 7 hours of funding at the current rate (+$35 a day). At the pace of the last 7 days (+0.223% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.223% in total (about 11.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.80 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 | Bitget KGENUSDT | 0.1599 | 0.0252 | pay 0.0126% / 4h | 1h 15m | $1.7M | $175K | 50x |
| Short | Gate KGEN_USDT | 0.1596 | 0.1412 | get 0.0706% / 4h | 1h 15m | $1.5M | $95K | 50x |
Bitget KGENUSDT
Gate KGEN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- $243.6
- Price spread: −0.231% → −0.129%
- −$10.22
- Slippage, 4 orders
- −$682.66
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$476.28
- Costs to cover
- 7.097%
- Break-even
- 20.7 days
Slippage from Bitget: live order book, 1 min ago; Gate: live order book, 2 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 Bitget live order book, 1 min ago | 5.31 bp | 47.7 bp −$48 | 352.4 bp −$3,524 | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 10.03 bp | 323.7 bp −$324 | doesn't fit | doesn't fit | doesn't fit |
KGEN on 12 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 KGENUSDT | +0.0100% | 4h | 0.1599 | −0.031% | $741K | $329K | 20x | as long as short |
| OKX KGEN-USDT-SWAP | +0.0100% | 4h | 0.1602 | +0.169% | $193K | $127K | 10x | as long as short |
| KuCoin KGENUSDTM | +0.0100% | 4h | 0.1599 | −0.031% | $727K | $1.5M | 50x | as long as short |
| Variational Omni KGEN | +0.0100% | 4h | 0.1599 | −0.031% | $5K | $1K | — | as long as short |
| SunX KGEN-USDT | +0.0100% | 4h | 0.1594 | −0.331% | $2K | $858K | 20x | as long as short |
| Bitget KGENUSDTlong | +0.0252% | 4h | 0.1599 | long leg | $1.7M | $175K | 50x | |
| BingX KGEN-USDT | +0.0664% | 4h | 0.1599 | −0.019% | — | $6.5M | — | as long as short |
| MEXC KGEN_USDT | +0.0680% | 4h | 0.1599 | −0.019% | $436K | $97K | 50x | as long as short |
| Binance KGENUSDT | +0.0681% | 4h | 0.1600 | +0.023% | $4.9M | $905K | 50x | as long as short |
| BloFin KGEN-USDT | +0.0696% | 4h | 0.1600 | +0.044% | $223K | $18K | 50x | as long as short |
Bybit KGENUSDT
OKX KGEN-USDT-SWAP
KuCoin KGENUSDTM
Variational Omni KGEN
SunX KGEN-USDT
BingX KGEN-USDT
MEXC KGEN_USDT
Binance KGENUSDT
BloFin KGEN-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster KGENUSDT | +0.1157% | 4h | 0.1598 | −0.054% | $19K | $5K | 5x | as long as short |
| Gate KGEN_USDTshort | +0.1412% | 4h | 0.1596 | −0.231% | $1.5M | $95K | 50x |
Aster KGENUSDT