Funding you earn now, next payment 08:00 UTC−0.0868%/8h= −95.0% APRnext payment −$4.34 per $10,000 · paid last 24h −0.192%
Price spread now: KuCoin against Gate+0.038%7-day average −0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$437as in the Funding arb table
Net, price: spread back to 7d avg − costs−$381as in the Price arb table
costs, in and out, $10k−$3923.923% of the position
Funding, last 7 days−0.449%−$45 on $10k
+Price spread, last 7 days−0.144%−$14 · spread now +0.038%, 7d avg −0.072%
=The price spread pays, funding is against you. KuCoin is 0.110% dearer against Gate than usual: you sell high and buy low (spread +0.038% now, against its 7-day average of −0.072%): +$11 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.449% in total) that is about 41 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.449% in total (about -23.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.34 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 PTB_USDT | 0.001057 | 0.2012 | pay 0.1006% / 4h | 2h 21m | $1.8M | $3.7M | 25x |
| Short | KuCoin PTBUSDTM | 0.001058 | 0.1144 | get 0.0572% / 4h | 2h 21m | $1.7M | $6.3M | 20x |
Gate PTB_USDT
KuCoin PTBUSDTMFunding 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
- −$182.28
- Price spread: +0.038% → −0.072%
- $10.96
- Slippage, 4 orders
- −$365.35
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$563.67
- Costs to cover
- 3.923%
- Break-even
- never at this rate
Slippage from Gate: live order book, 2 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, 2 min ago | 16.11 bp | 49.6 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 11.86 bp | 110.7 bp −$111 | doesn't fit | doesn't fit | doesn't fit |
PTB on 10 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 PTBUSDT | +0.0100% | 4h | 0.001058 | +0.085% | $1.5M | $16.5M | 25x | as long as short |
| Variational Omni PTB | +0.0100% | 4h | 0.001043 | −1.360% | $30K | $59K | — | as long as short |
| BingX PTB-USDT | +0.0802% | 4h | 0.001059 | +0.161% | — | $2.0M | — | as long as short |
| MEXC PTB_USDT | +0.0856% | 4h | 0.001058 | +0.114% | $341K | $623K | 20x | as long as short |
| Extended kPTB-USD | +0.0872% | 1h | 0.001058 | +0.114% | $4K | $42K | 5x | as long as short |
| Binance PTBUSDT | +0.0872% | 4h | 0.001059 | +0.201% | $7.5M | $97.5M | 20x | as long as short |
| BloFin PTB-USDT | +0.0915% | 4h | 0.001059 | +0.142% | $429K | $417K | 20x | as long as short |
| KuCoin PTBUSDTMshort | +0.1144% | 4h | 0.001058 | +0.038% | $1.7M | $6.3M | 20x | |
| Aster PTBUSDT | +0.1193% | 4h | 0.001057 | −0.038% | $78K | $718K | 5x | as long as short |
| Gate PTB_USDTlong | +0.2012% | 4h | 0.001057 | long leg | $1.8M | $3.7M | 25x |
Bybit PTBUSDT
Variational Omni PTB
BingX PTB-USDT
MEXC PTB_USDT
Extended kPTB-USD
Binance PTBUSDT
BloFin PTB-USDT
Aster PTBUSDT