Funding you earn now, next payment 08:00 UTC−0.0678%/8h= −74.2% APRnext payment −$3.39 per $10,000 · paid last 24h −0.050%
Price spread now: KuCoin against Gate−0.006%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$160as in the Price arb table
costs, in and out, $10k−$1641.642% of the position
Funding, last 7 days−0.321%−$32 on $10k
+Price spread, last 7 days−0.138%−$14 · spread now −0.006%, 7d avg −0.051%
=The price spread pays, funding is against you. KuCoin is 0.045% dearer against Gate than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.051%): +$4 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.321% in total) that is about 23 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.321% in total (about -16.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.39 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 PROM_USDT | 4.8680 | 0.0778 | pay 0.0389% / 4h | 2h 19m | $715K | $1.1M | 50x |
| Short | KuCoin PROMUSDTM | 4.8677 | 0.0100 | get 0.0050% / 4h | 2h 19m | $1.1M | $90K | 30x |
Gate PROM_USDT
KuCoin PROMUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$142.38
- Price spread: −0.006% → −0.051%
- $4.49
- Slippage, 4 orders
- −$137.17
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$302.07
- Costs to cover
- 1.642%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 min ago; KuCoin: 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 Gate live order book, 2 min ago | 2.06 bp | 36.6 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 8.43 bp | 46.1 bp −$46 | 165.0 bp −$1,650 | doesn't fit | doesn't fit |
PROM on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster PROMUSDT | +0.0100% | 4h | 4.8657 | −0.047% | $130K | $13K | 5x | as long as short |
| Binance PROMUSDT | +0.0100% | 4h | 4.8650 | −0.062% | $15.6M | $9.1M | 50x | as long as short |
| MEXC PROM_USDT | +0.0100% | 4h | 4.8640 | −0.082% | $413K | $155K | 20x | as long as short |
| KuCoin PROMUSDTMshort | +0.0100% | 4h | 4.8677 | −0.006% | $1.1M | $90K | 30x | |
| Extended PROM-USD | +0.0104% | 1h | 4.8637 | −0.088% | $893 | — | 5x | as long as short |
| BloFin PROM-USDT | +0.0139% | 4h | 4.8570 | −0.226% | $795K | $288K | 50x | as long as short |
| BingX PROM-USDT | +0.0482% | 4h | 4.8660 | −0.041% | — | $1.5M | — | as long as short |
| Bitget PROMUSDT | +0.0494% | 4h | 4.8736 | +0.115% | $4.2M | $409K | 10x | as long as short |
| Gate PROM_USDTlong | +0.0778% | 4h | 4.8680 | long leg | $715K | $1.1M | 50x |
Aster PROMUSDT
Binance PROMUSDT
MEXC PROM_USDT
Extended PROM-USD
BloFin PROM-USDT
BingX PROM-USDT
Bitget PROMUSDT