Funding you earn now, next payment 08:00 UTC−0.0480%/8h= −52.6% APRnext payment −$2.40 per $10,000 · paid last 24h −0.070%
Price spread now: Gate against KuCoin+0.155%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$526as in the Funding arb table
Net, price: spread back to 7d avg − costs−$448as in the Price arb table
costs, in and out, $10k−$4584.585% of the position
Funding, last 7 days−0.680%−$68 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now +0.155%, 7d avg +0.046%
=The price spread pays, funding is against you. Gate is 0.108% dearer against KuCoin than usual: you sell high and buy low (spread +0.155% now, against its 7-day average of +0.046%): +$11 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 18 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TUSDTM | 0.005171 | 0.0100 | pay 0.0050% / 4h | 2h 38m | $1.3M | $85K | 12x |
| Short | Gate T_USDT | 0.005179 | −0.0380 | pay 0.0190% / 4h | 2h 38m | $211K | $85K | 20x |
KuCoin TUSDTM
Gate T_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
- −$100.8
- Price spread: +0.155% → +0.046%
- $10.83
- Slippage, 4 orders
- −$431.48
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$548.45
- Costs to cover
- 4.585%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 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, 2 min ago | 12.57 bp | 123.2 bp −$123 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 6.76 bp | 113.0 bp −$113 | doesn't fit | doesn't fit | doesn't fit |
T 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSD | −0.1725% | 1h | 0.005176 | +0.103% | $4K | $4K | 10x | as long as short |
| Gate T_USDTshort | −0.0380% | 4h | 0.005179 | +0.155% | $211K | $85K | 20x | |
| Bitget TUSDT | −0.0024% | 4h | 0.005173 | +0.039% | $896K | $544K | 50x | as long as short |
| Binance TUSDT | +0.0003% | 4h | 0.005177 | +0.124% | $3.2M | $7.0M | 50x | as long as short |
| MEXC T_USDT | +0.0024% | 4h | 0.005170 | −0.019% | $3.1M | $225K | 20x | as long as short |
| Variational Omni T | +0.0092% | 4h | 0.005193 | +0.429% | $7K | $6K | — | as long as short |
| Bybit TUSDT | +0.0100% | 4h | 0.005176 | +0.097% | $1.5M | $1.5M | 25x | as long as short |
| KuCoin TUSDTMlong | +0.0100% | 4h | 0.005171 | long leg | $1.3M | $85K | 12x |
Kraken Futures PF_TUSD
Bitget TUSDT
Binance TUSDT
MEXC T_USDT
Variational Omni T
Bybit TUSDT