Funding you earn now, next payment 04:00 UTC+0.1078%/8h= +118.0% APRnext payment +$5.39 per $10,000 · paid last 24h +0.058%
Price spread now: KuCoin against Gate−0.419%7-day average +0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,735as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,805as in the Price arb table
costs, in and out, $10k−$1,75217.517% of the position
Funding, last 7 days+0.163%+$16 on $10k
+Price spread, last 4 days (all we have)+0.551%+$55 · spread now −0.419%, 7d avg +0.113%
=Funding pays, the price is against you. KuCoin is 0.531% cheaper against Gate than usual: you would sell low and buy high (spread −0.419% now, against its 7-day average of +0.113%). If the spread goes back, that is −$53 on $10k: about 39 hours of funding at the current rate (+$32 a day). At the pace of the last 7 days (+0.163% in total) that is about 23 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.163% in total (about 8.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.39 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 SONIC_USDT | 0.02628 | 0.0100 | pay 0.0050% / 4h | 2h 50m | $128K | $92K | 25x |
| Short | KuCoin SONICUSDTM | 0.02617 | 0.1178 | get 0.0589% / 4h | 2h 50m | $485K | $24K | 10x |
Gate SONIC_USDT
KuCoin SONICUSDTMFunding 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
- $226.38
- Price spread: −0.419% → +0.113%
- −$53.15
- Slippage, 4 orders
- −$1,724.67
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,578.43
- Costs to cover
- 17.517%
- Break-even
- 55.8 days
Slippage from Gate: live order book, 10 min ago; KuCoin: live order book, 62 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, 10 min ago | 7.64 bp | 123.5 bp −$124 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 62 min ago | 37.61 bp | 956.3 bp −$956 | doesn't fit | doesn't fit | doesn't fit |
SONIC on 8 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 SONICUSDT | +0.0100% | 4h | 0.02627 | −0.038% | $1.0M | $921K | 25x | as long as short |
| Gate SONIC_USDTlong | +0.0100% | 4h | 0.02628 | long leg | $128K | $92K | 25x | |
| Variational Omni SONIC | +0.0266% | 4h | 0.02628 | +0.004% | $3K | $2K | — | as long as short |
| Bitget SONICUSDT | +0.0792% | 4h | 0.02627 | −0.038% | $415K | $405K | 10x | as long as short |
| KuCoin SONICUSDTMshort | +0.1178% | 4h | 0.02617 | −0.419% | $485K | $24K | 10x | |
| MEXC SONIC_USDT | +0.1524% | 4h | 0.02631 | +0.114% | $852K | $128K | 50x | as long as short |
| Binance SONICUSDT | +0.1534% | 4h | 0.02629 | +0.038% | $1.4M | $2.0M | 10x | as long as short |
| BloFin SONIC-USDT | +0.1558% | 4h | 0.02636 | +0.304% | $130K | $3K | 10x | as long as short |
Bybit SONICUSDT
Variational Omni SONIC
Bitget SONICUSDT
MEXC SONIC_USDT
Binance SONICUSDT
BloFin SONIC-USDT