Funding you earn now, next payment 00:00 UTC−0.0122%/8h= −13.4% APRnext payment −$1.22 per $10,000 · paid last 24h −0.074%
Price spread now: KuCoin against Gate−0.010%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$470.467% of the position
Funding, last 7 days−0.238%−$24 on $10k
+Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.010%, 7d avg −0.008%
=The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate USDC_USDT | 0.9995 | 0.0100 | pay 0.0100% / 8h | 57m 47s | $253K | $19K | 50x |
| Short | KuCoin USDCUSDTM | 0.9994 | −0.0022 | pay 0.0022% / 8h | 57m 47s | $2.5M | $19K | 30x |
Gate USDC_USDT
KuCoin USDCUSDTMFunding 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
- −$25.62
- Price spread: −0.010% → −0.008%
- −$0.21
- Slippage, 4 orders
- −$19.73
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$72.56
- Costs to cover
- 0.467%
- Break-even
- never at this rate
Slippage from Gate: live order book, 14 min ago; KuCoin: live order book, 9 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, 14 min ago | 2.00 bp | 11.6 bp −$12 | 14.8 bp −$148 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 9 min ago | 4.50 bp | 14.2 bp −$14 | 387.9 bp −$3,879 | doesn't fit | doesn't fit |
USDC 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDT | −0.0119% | 8h | 0.9995 | −0.004% | $4.3M | $3.6M | 50x | as long as short |
| MEXC USDC_USDT | −0.0118% | 8h | 0.9994 | −0.006% | $16.6M | $264K | 200x | as long as short |
| Bitget USDCUSDT | −0.0104% | 8h | 0.9994 | −0.010% | $4.3M | $17K | 50x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0067% | 1h | 0.9997 | +0.025% | $14K | $928 | 50x | as long as short |
| KuCoin USDCUSDTMshort | −0.0022% | 8h | 0.9994 | −0.010% | $2.5M | $19K | 30x | |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0000 | +0.050% | $9.5M | $348K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.048% | $1.1M | $45K | 50x | as long as short |
| Gate USDC_USDTlong | +0.0100% | 8h | 0.9995 | long leg | $253K | $19K | 50x |
Binance USDCUSDT
MEXC USDC_USDT
Bitget USDCUSDT
Kraken Futures PF_USDCUSD
Bybit USDCUSDT
OKX USDC-USDT-SWAP