Settings8H · net · $10k
Funding arb · Price arb /

PROMPT

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0356%/8h= −39.0% APRnext payment $1.78 per $10,000 · paid last 24h −0.084%
Price spread now: KuCoin against Gate−0.271%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.152%−$15 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and KuCoin is 0.271% cheaper against Gate than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.152% in total (about -7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about $1.78 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PROMPT_USDT0.022170.0456pay 0.0228% / 4h45m 06s$551K$61K20x
ShortKuCoin PROMPTUSDTM0.022110.0100get 0.0050% / 4h45m 06s$79K$70K30x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$74.76
Price spread: −0.271% → 0.000%
−$27.06
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$128.82
Costs to cover
0.270%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 11 min ago; KuCoin: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 11 min ago13.60 bp99.8 bp −$100doesn't fitdoesn't fitdoesn't fit
Sell KuCoin no order-book sample
KuCoin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PROMPT on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PROMPTUSDT+0.0100%4h0.02213−0.191%$3K$1505xas long as short
Binance PROMPTUSDT+0.0100%4h0.02217+0.019%$1.2M$1.4M40xas long as short
Bybit PROMPTUSDT+0.0100%4h0.02218+0.045%$333K$157K5xas long as short
MEXC PROMPT_USDT+0.0100%4h0.02216−0.045%$115K$97K20xas long as short
KuCoin PROMPTUSDTMshort+0.0100%4h0.02211−0.271%$79K$70K30x
BingX PROMPT-USDT+0.0100%4h0.02216−0.045%$6.5Mas long as short
Variational Omni PROMPT+0.0100%4h0.02219+0.072%$3K$4Kas long as short
Gate PROMPT_USDTlong+0.0456%4h0.02217long leg$551K$61K20x
Kraken Futures PF_PROMPTUSD+3.9439%1h0.02224+0.311%$2K$2K10xas long as short