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: Bitget against Gate+0.251%7-day average +0.129% · you sell dearer than you buy
Net, funding: paid 7d − costs−$732as in the Funding arb table
Net, price: spread back to 7d avg − costs−$698as 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−0.113%−$11 · spread now +0.251%, 7d avg +0.129%
=The price spread pays, funding is against you. Bitget is 0.122% dearer against Gate than usual: you sell high and buy low (spread +0.251% now, against its 7-day average of +0.129%): +$12 on $10k if it goes back. Holding the pair costs −$35 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.223% in total) that is about 3.8 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 | Gate KGEN_USDT | 0.1596 | 0.1412 | pay 0.0706% / 4h | 1h 15m | $1.5M | $95K | 50x |
| Short | Bitget KGENUSDT | 0.1600 | 0.0252 | get 0.0126% / 4h | 1h 15m | $1.7M | $175K | 50x |
Gate KGEN_USDT
Bitget KGENUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$243.6
- Price spread: +0.251% → +0.129%
- $12.15
- Slippage, 4 orders
- −$682.66
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$941.11
- Costs to cover
- 7.097%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; Bitget: 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 Gate live order book, 2 min ago | 10.03 bp | 299.8 bp −$300 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 5.31 bp | 38.5 bp −$38 | 297.5 bp −$2,975 | 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 | +0.194% | $741K | $329K | 20x | as long as short |
| OKX KGEN-USDT-SWAP | +0.0100% | 4h | 0.1602 | +0.401% | $193K | $127K | 10x | as long as short |
| KuCoin KGENUSDTM | +0.0100% | 4h | 0.1599 | +0.201% | $727K | $1.5M | 50x | as long as short |
| Variational Omni KGEN | +0.0100% | 4h | 0.1598 | +0.138% | $5K | $1K | — | as long as short |
| SunX KGEN-USDT | +0.0100% | 4h | 0.1595 | −0.063% | $2K | $859K | 20x | as long as short |
| Bitget KGENUSDTshort | +0.0252% | 4h | 0.1600 | +0.251% | $1.7M | $175K | 50x | |
| BingX KGEN-USDT | +0.0664% | 4h | 0.1599 | +0.213% | — | $6.5M | — | as long as short |
| MEXC KGEN_USDT | +0.0680% | 4h | 0.1599 | +0.213% | $436K | $97K | 50x | as long as short |
| Binance KGENUSDT | +0.0681% | 4h | 0.1600 | +0.254% | $4.9M | $905K | 50x | as long as short |
| BloFin KGEN-USDT | +0.0721% | 4h | 0.1599 | +0.213% | $222K | $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 | 0.1599 | +0.187% | $19K | $5K | 5x | as long as short |
| Gate KGEN_USDTlong | +0.1412% | 4h | 0.1596 | long leg | $1.5M | $95K | 50x |
Aster KGENUSDT