Funding you earn now, next payment 04:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.09 per $10,000 · paid last 24h −0.001%
Price spread now: Gate against KuCoin−0.265%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$1941.944% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 4 days (all we have)+0.150%+$15 · spread now −0.265%, 7d avg −0.023%
=Funding pays, the price is against you. Gate is 0.243% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.265% now, against its 7-day average of −0.023%). If the spread goes back, that is −$24 on $10k: about 45 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin NILUSDTM | 0.07163 | 0.0100 | pay 0.0050% / 4h | 1h 42m | $601K | $691K | 30x |
| Short | Gate NIL_USDT | 0.07144 | 0.0118 | get 0.0059% / 4h | 1h 42m | $450K | $2.0M | 50x |
KuCoin NILUSDTM
Gate NIL_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
- $3.78
- Price spread: −0.265% → −0.023%
- −$24.26
- Slippage, 4 orders
- −$167.4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$214.87
- Costs to cover
- 1.944%
- Break-even
- 404.9 days
Slippage from KuCoin: live order book, 56 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, 56 min ago | 10.86 bp | 46.9 bp −$47 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 10.34 bp | 39.8 bp −$40 | 231.9 bp −$2,319 | doesn't fit | doesn't fit |
NIL 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin NIL-USDT | +0.0096% | 4h | 0.07062 | −1.410% | $364K | $127K | 50x | as long as short |
| Aster NILUSDT | +0.0100% | 4h | 0.07134 | −0.410% | $24K | $343K | 5x | as long as short |
| Binance NILUSDT | +0.0100% | 4h | 0.07145 | −0.251% | $5.7M | $75.4M | 50x | as long as short |
| Bybit NILUSDT | +0.0100% | 4h | 0.07153 | −0.140% | $3.9M | $13.8M | 20x | as long as short |
| MEXC NIL_USDT | +0.0100% | 4h | 0.07146 | −0.237% | $2.4M | $4.3M | 100x | as long as short |
| KuCoin NILUSDTMlong | +0.0100% | 4h | 0.07163 | long leg | $601K | $691K | 30x | |
| Bitget NILUSDT | +0.0100% | 4h | 0.07142 | −0.293% | $1.8M | $8.2M | 50x | as long as short |
| BingX NIL-USDT | +0.0100% | 4h | 0.07144 | −0.265% | — | $8.4M | — | as long as short |
| Extended NIL-USD | +0.0104% | 1h | 0.07145 | −0.251% | $17K | $96K | 5x | as long as short |
| Gate NIL_USDTshort | +0.0118% | 4h | 0.07144 | −0.265% | $450K | $2.0M | 50x |
BloFin NIL-USDT
Aster NILUSDT
Binance NILUSDT
Bybit NILUSDT
MEXC NIL_USDT
Bitget NILUSDT
BingX NIL-USDT
Extended NIL-USDShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni NIL | +0.0217% | 4h | 0.07276 | +1.574% | $197K | $273K | — | as long as short |
| Hyperliquid NIL | +0.1832% | 1h | 0.07176 | +0.186% | $4.5M | $4.5M | 3x | as long as short |
Variational Omni NIL
Hyperliquid NIL