PTB

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0336%/8h= +36.8% APRnext payment +$1.68 per $10,000 · paid last 24h +0.261%

Price spread now: Gate against KuCoin−0.112%7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$467as in the Funding arb table

Net, price: spread back to 7d avg − costs−$522as in the Price arb table

costs, in and out, $10k−$5055.048% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.383%+$38 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.112%, 7d avg +0.059%

Together, before fees+0.460%+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.171% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.112% now, against its 7-day average of +0.059%). If the spread goes back, that is −$17 on $10k: about 41 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PTBUSDTM	0.001250	0.1040	pay 0.0520% / 4h	1h 21m	$2.0M	$8.6M	20x
Short	Gate PTB_USDT	0.001248	0.1376	get 0.0688% / 4h	1h 21m	$2.1M	$7.6M	25x

Funding 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 it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee GatebpOrdersPrice spread, now −0.112%Rate

Funding earned: $70.56
Price spread: −0.112% → +0.059%: −$17.07
Slippage, 4 orders: −$477.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$451.3
Costs to cover: 5.048%
Break-even: 51.8 days

Slippage from KuCoin: live order book, 2 min ago; Gate: 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 KuCoin live order book, 2 min ago	9.59 bp	175.5 bp −$175	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	7.61 bp	77.5 bp −$78	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	0.001251	+0.096%	$2.0M	$27.4M	25x	as long as short
Variational Omni PTB	+0.0100%	4h	0.001253	+0.280%	$27K	$55K	—	as long as short
BloFin PTB-USDT	+0.0927%	4h	0.001251	+0.096%	$538K	$1.1M	20x	as long as short
Aster PTBUSDT	+0.0934%	4h	0.001251	+0.119%	$75K	$1.0M	5x	as long as short
Extended kPTB-USD	+0.0960%	1h	0.001251	+0.122%	$4K	$45K	5x	as long as short
MEXC PTB_USDT	+0.0962%	4h	0.001250	+0.016%	$467K	$1.2M	20x	as long as short
Binance PTBUSDT	+0.0964%	4h	0.001252	+0.156%	$9.3M	$183.6M	20x	as long as short
BingX PTB-USDT	+0.0980%	4h	0.001253	+0.288%	—	$2.5M	—	as long as short
KuCoin PTBUSDTMlong	+0.1040%	4h	0.001250	long leg	$2.0M	$8.6M	20x
Gate PTB_USDTshort	+0.1376%	4h	0.001248	−0.112%	$2.1M	$7.6M	25x