Funding you earn now, next payment 00:00 UTC−0.0356%/8h= −39.0% APRnext payment −$1.78 per $10,000 · paid last 24h −0.020%
Price spread now: KuCoin against Gate−0.159%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,253as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,271as in the Price arb table
costs, in and out, $10k−$1,25212.521% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 7 days+0.293%+$29 · spread now −0.159%, 7d avg +0.028%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and KuCoin is 0.187% cheaper against Gate than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of +0.028%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.78 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 US_USDT | 0.01632 | 0.0100 | pay 0.0050% / 4h | 1h 12m | $2.0M | $555K | 20x |
| Short | KuCoin USUSDTM | 0.01630 | −0.0256 | pay 0.0128% / 4h | 1h 12m | $4.2M | $278K | 20x |
Gate US_USDT
KuCoin USUSDTMFunding 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
- −$74.76
- Price spread: −0.159% → +0.028%
- −$18.71
- Slippage, 4 orders
- −$1,225.06
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,345.53
- Costs to cover
- 12.521%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago | 9.18 bp | 60.1 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 5 min ago | 8.90 bp | 447.3 bp −$447 | doesn't fit | doesn't fit | doesn't fit |
US 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 USUSDTMshort | −0.0256% | 4h | 0.01630 | −0.159% | $4.2M | $278K | 20x | |
| Bybit USUSDT | +0.0100% | 4h | 0.01637 | +0.251% | $3.2M | $858K | 20x | as long as short |
| Gate US_USDTlong | +0.0100% | 4h | 0.01632 | long leg | $2.0M | $555K | 20x | |
| Variational Omni US | +0.0100% | 4h | 0.01635 | +0.177% | $16K | $3K | — | as long as short |
| Aster USUSDT | +0.0147% | 4h | 0.01635 | +0.130% | $12K | $55K | 5x | as long as short |
| BloFin US-USDT | +0.0229% | 4h | 0.01636 | +0.202% | $476K | $49K | 10x | as long as short |
| MEXC US_USDT | +0.0232% | 4h | 0.01636 | +0.208% | $5.5M | $116K | 100x | as long as short |
| Extended US-USD | +0.0248% | 1h | 0.01635 | +0.182% | $4K | $141K | 5x | as long as short |
| Binance USUSDT | +0.0252% | 4h | 0.01636 | +0.211% | $9.1M | $3.1M | 10x | as long as short |
| BingX US-USDT | +0.0432% | 4h | 0.01636 | +0.227% | — | $1.3M | — | as long as short |
Bybit USUSDT
Variational Omni US
Aster USUSDT
BloFin US-USDT
MEXC US_USDT
Extended US-USD
Binance USUSDT
BingX US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USUSDT | +0.0448% | 4h | 0.01636 | +0.208% | $4.3M | $248K | 10x | as long as short |
Bitget USUSDT