Funding you earn now, next payment 04:00 UTC+0.0284%/8h= +31.1% APRnext payment +$1.42 per $10,000 · paid last 24h +0.046%
Price spread now: Gate against KuCoin−0.229%7-day average −0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$588as in the Funding arb table
Net, price: spread back to 7d avg − costs−$606as in the Price arb table
costs, in and out, $10k−$5985.985% of the position
Funding, last 7 days+0.109%+$11 on $10k
+Price spread, last 7 days+0.096%+$10 · spread now −0.229%, 7d avg −0.150%
=Funding pays, the price is against you. Gate is 0.079% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.229% now, against its 7-day average of −0.150%). If the spread goes back, that is −$8 on $10k: about 22 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.109% in total) that is about 5.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.109% in total (about 5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.42 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 | KuCoin SOONUSDTM | 0.1961 | 0.0100 | pay 0.0050% / 4h | 3h 40m | $1.8M | $3.1M | 50x |
| Short | Gate SOON_USDT | 0.1957 | 0.0384 | get 0.0192% / 4h | 3h 40m | $3.2M | $110K | 50x |
KuCoin SOONUSDTM
Gate SOON_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $59.64
- Price spread: −0.229% → −0.150%
- −$7.94
- Slippage, 4 orders
- −$571.46
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$546.76
- Costs to cover
- 5.985%
- Break-even
- 71.2 days
Slippage from KuCoin: live order book, 7 min ago; Gate: live order book, 3 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, 7 min ago | 5.36 bp | 227.3 bp −$227 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 5.11 bp | 96.2 bp −$96 | doesn't fit | doesn't fit | doesn't fit |
SOON on 11 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 SOONUSDTMlong | +0.0100% | 4h | 0.1961 | long leg | $1.8M | $3.1M | 50x | |
| Extended SOON-USD | +0.0272% | 1h | 0.1961 | −0.041% | $7K | $202K | 5x | as long as short |
| Binance SOONUSDT | +0.0272% | 4h | 0.1961 | −0.006% | $8.0M | $1.9M | 50x | as long as short |
| Gate SOON_USDTshort | +0.0384% | 4h | 0.1957 | −0.229% | $3.2M | $110K | 50x | |
| OKX SOON-USDT-SWAP | +0.0446% | 4h | 0.1960 | −0.076% | $2.0M | $446K | 20x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0531% | 1h | 0.1956 | −0.292% | $11K | $1K | 10x | as long as short |
| Aster SOONUSDT | +0.0942% | 4h | 0.1956 | −0.280% | $190K | $2K | 5x | as long as short |
| Bitget SOONUSDT | +0.1066% | 4h | 0.1961 | −0.025% | $9.2M | $226K | 25x | as long as short |
| BingX SOON-USDT | +0.2910% | 4h | 0.1957 | −0.229% | — | $6.7M | — | as long as short |
| Variational Omni SOON | +0.3220% | 4h | 0.1948 | −0.704% | $239K | $20K | — | as long as short |
Extended SOON-USD
Binance SOONUSDT
OKX SOON-USDT-SWAP
Kraken Futures PF_SOONUSD
Aster SOONUSDT
Bitget SOONUSDT
BingX SOON-USDT
Variational Omni SOONShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.3544% | 4h | 0.1945 | −0.841% | $2.5M | $1.1M | 25x | as long as short |
Bybit SOONUSDT