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Funding arb · Price arb /

XNY

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 08:00 UTC+0.0702%/8h= +76.9% APRnext payment +$3.51 per $10,000 · paid last 24h +0.026%
Price spread now: Gate against KuCoin+0.094%7-day average +0.404% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on KuCoinShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.040%+$4 on $10k
Price spread, last 4 days (all we have)+0.157%+$16 · spread now +0.094%, 7d avg +0.404%
Together, before fees+0.198%+$20 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.310% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.094% now, against its 7-day average of +0.404%). If the spread goes back, that is −$31 on $10k: about 35 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.040% in total) that is about 54 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.51 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin XNYUSDTM0.0064060.0100pay 0.0050% / 4h1h 07m$306K$17K10x
ShortGate XNY_USDT0.0064120.0802get 0.0401% / 4h1h 07m$215K$17K10x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$147.42
Price spread: +0.094% → +0.404%
−$31.03
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$89.39
Costs to cover
0.270%
Break-even
2.8 days
Slippage unknown: KuCoin: live order book, 35 min ago; Gate: live order book, 29 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 35 min ago35.35 bp1132.7 bp −$1,133doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 29 min ago7.81 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

XNY on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit XNYUSDT+0.0100%4h0.006403−0.047%$445K$36K5xas long as short
KuCoin XNYUSDTMlong+0.0100%4h0.006406long leg$306K$17K10x
Variational Omni XNY+0.0100%4h0.006389−0.260%$52K$2K—as long as short
Gate XNY_USDTshort+0.0802%4h0.006412+0.094%$215K$17K10x
Aster XNYUSDT+0.2388%4h0.006367−0.616%$6K$6K5xas long as short
BingX XNY-USDT+0.2528%4h0.006408+0.031%—$1.3M—as long as short
BloFin XNY-USDT+0.2618%4h0.006416+0.156%$225K$6K10xas long as short
MEXC XNY_USDT+0.2662%4h0.006410+0.062%$180K$101K100xas long as short
Binance XNYUSDT+0.2675%4h0.006409+0.047%$3.7M$1.1M10xas long as short