Funding you earn now, next payment 04:00 UTC+0.0732%/8h= +80.2% APRnext payment +$3.66 per $10,000 · paid last 24h +0.051%
Price spread now: KuCoin against Gate+0.048%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.015%+$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and KuCoin is 0.048% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.015% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.66 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 TOWNS_USDT | 0.002069 | 0.0100 | pay 0.0050% / 4h | 2h 25m | $70K | $20K | 10x |
| Short | KuCoin TOWNSUSDTM | 0.002070 | 0.0832 | get 0.0416% / 4h | 2h 25m | $247K | $31K | 10x |
Gate TOWNS_USDT
KuCoin TOWNSUSDTMFunding 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
- $153.72
- Price spread: +0.048% → 0.000%
- $4.83
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $131.55
- Costs to cover
- 0.270%
- Break-even
- 1.0 days
Slippage unknown: Gate: no order-book sample; KuCoin: live order book, 10 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 10 min ago | 24.26 bp | doesn't fit | doesn't fit | doesn't fit | doesn't fit |
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
TOWNS 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit TOWNSUSDT | +0.0100% | 4h | 0.002071 | +0.097% | $372K | $115K | 5x | as long as short |
| Gate TOWNS_USDTlong | +0.0100% | 4h | 0.002069 | long leg | $70K | $20K | 10x | |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002073 | +0.201% | $194 | $555 | — | as long as short |
| Aster TOWNSUSDT | +0.0204% | 4h | 0.002070 | +0.065% | $10K | $6K | 5x | as long as short |
| Binance TOWNSUSDT | +0.0350% | 4h | 0.002072 | +0.164% | $2.0M | $1.3M | 10x | as long as short |
| MEXC TOWNS_USDT | +0.0352% | 4h | 0.002072 | +0.145% | $397K | $125K | 100x | as long as short |
| Coinbase International TOWNS-PERP-INTX | +0.0392% | 1h | 0.002171 | +4.930% | $81K | $4K | 25x | as long as short |
| BingX TOWNS-USDT | +0.0634% | 4h | 0.002071 | +0.097% | — | $2.3M | — | as long as short |
| Bitget TOWNSUSDT | +0.0640% | 4h | 0.002070 | +0.048% | $339K | $48K | 5x | as long as short |
| KuCoin TOWNSUSDTMshort | +0.0832% | 4h | 0.002070 | +0.048% | $247K | $31K | 10x |
Bybit TOWNSUSDT
Variational Omni TOWNS
Aster TOWNSUSDT
Binance TOWNSUSDT
MEXC TOWNS_USDT
Coinbase International TOWNS-PERP-INTX
BingX TOWNS-USDT
Bitget TOWNSUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Deribit TOWNS_USDC-PERPETUAL | +0.3615% | 1h | 0.002078 | +0.435% | — | — | 25x | as long as short |
Deribit TOWNS_USDC-PERPETUAL