Funding you earn now, next payment 04:00 UTC−0.0850%/8h= −93.1% APRnext payment −$4.25 per $10,000 · paid last 24h +0.005%
Price spread now: KuCoin against Gate−0.070%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,697as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,720as in the Price arb table
costs, in and out, $10k−$1,72317.227% of the position
Funding, last 7 days+0.255%+$25 on $10k
+Price spread, last 4 days (all we have)−0.036%−$4 · spread now −0.070%, 7d avg −0.101%
=The price spread pays, funding is against you. KuCoin is 0.031% dearer against Gate than usual: you sell high and buy low (spread −0.070% now, against its 7-day average of −0.101%): +$3 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 3 hours. Mind the row above: over the last 7 days funding on this pair paid +0.255%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.255% in total (about 13.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.25 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 PROS_USDT | 0.5755 | 0.0100 | pay 0.0050% / 4h | 2m 12s | $362K | $140K | 20x |
| Short | KuCoin PROSUSDTM | 0.5751 | −0.0750 | pay 0.0375% / 4h | 2m 12s | $1.0M | $600K | 20x |
Gate PROS_USDT
KuCoin PROSUSDTMFunding 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
- −$178.5
- Price spread: −0.070% → −0.101%
- $3.13
- Slippage, 4 orders
- −$1,695.73
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,898.1
- Costs to cover
- 17.227%
- Break-even
- never at this rate
Slippage from Gate: live order book, 53 min ago; KuCoin: 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, 53 min ago | 13.02 bp | 199.9 bp −$200 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 12.19 bp | 699.8 bp −$700 | doesn't fit | doesn't fit | doesn't fit |
PROS on 5 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PROSUSDTMshort | −0.0750% | 4h | 0.5751 | −0.070% | $1.0M | $600K | 20x | |
| OKX PROS-USDT-SWAP | +0.0088% | 4h | 0.5748 | −0.122% | $883K | $1.5M | 20x | as long as short |
| Gate PROS_USDTlong | +0.0100% | 4h | 0.5755 | long leg | $362K | $140K | 20x | |
| Bitget PROSUSDT | +0.0100% | 4h | 0.5759 | +0.070% | $1.2M | $457K | 20x | as long as short |
| Aster PROSUSDT | +0.0546% | 4h | 0.5765 | +0.173% | $30K | $15K | 5x | as long as short |
OKX PROS-USDT-SWAP
Bitget PROSUSDT
Aster PROSUSDT