Funding you earn now, next payment 00:00 UTC+0.0127%/8h= +13.9% APRnext payment +$1.27 per $10,000 · paid last 24h +0.074%
Price spread now: Gate against KuCoin−0.020%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as 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)+0.010%+$1 · spread now −0.020%, 7d avg +0.008%
=Funding pays, the price is against you. Gate is 0.028% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.008%). If the spread goes back, that is −$3 on $10k: about 18 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USDCUSDTM | 0.9994 | −0.0045 | get 0.0045% / 8h | 6m 43s | $2.5M | $19K | 30x |
| Short | Gate USDC_USDT | 0.9992 | 0.0082 | get 0.0082% / 8h | 6m 43s | $253K | $25K | 50x |
KuCoin USDCUSDTM
Gate USDC_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
- $26.67
- Price spread: −0.020% → +0.008%
- −$2.79
- Slippage, 4 orders
- −$19.74
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$22.86
- Costs to cover
- 0.467%
- Break-even
- 13.0 days
Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, 65 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, 5 min ago | 4.50 bp | 10.5 bp −$11 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell Gate live order book, 65 min ago | 2.00 bp | 10.4 bp −$10 | doesn't fit | 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 | −0.0141% | 8h | 0.9994 | +0.004% | $4.4M | $3.6M | 50x | as long as short |
| MEXC USDC_USDT | −0.0140% | 8h | 0.9994 | +0.004% | $19.4M | $589K | 200x | as long as short |
| Bitget USDCUSDT | −0.0140% | 8h | 0.9994 | 0.000% | $4.3M | $17K | 50x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0067% | 1h | 0.9997 | +0.035% | $14K | $930 | 50x | as long as short |
| KuCoin USDCUSDTMlong | −0.0045% | 8h | 0.9994 | long leg | $2.5M | $19K | 30x | |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.070% | $9.5M | $349K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.058% | $1.1M | $42K | 50x | as long as short |
| Gate USDC_USDTshort | +0.0082% | 8h | 0.9992 | −0.020% | $253K | $25K | 50x |
Binance USDCUSDT
MEXC USDC_USDT
Bitget USDCUSDT
Kraken Futures PF_USDCUSD
Bybit USDCUSDT
OKX USDC-USDT-SWAP