BOT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.2000%/8h= −219.0% APRnext payment −$20.00 per $10,000 · paid last 24h −0.186%

Price spread now: KuCoin against Gate−0.068%7-day average −0.121% · you buy dearer than you sell

Net, funding: paid 7d − costs−$966as in the Funding arb table

Net, price: spread back to 7d avg − costs−$998as in the Price arb table

costs, in and out, $10k−$1,00310.030% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.368%+$37 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.068%, 7d avg −0.121%

Together, before fees+0.296%+$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.053% dearer against Gate than usual: you sell high and buy low (spread −0.068% now, against its 7-day average of −0.121%): +$5 on $10k if it goes back. Holding the pair costs −$60 a day in funding at the current rate, which eats that in about 2 hours. Mind the row above: over the last 7 days funding on this pair paid +0.368%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.368% in total (about 19.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$20.00 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 BOT_USDT	29.520	0	get 0.0000% / 8h	7h 38m	$251K	$227K	20x
Short	KuCoin BOTUSDTM	29.500	−0.2000	pay 0.2000% / 8h	7h 38m	$97K	$312K	20x

Funding 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 it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee KuCoinbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$420
Price spread: −0.068% → −0.121%: $5.28
Slippage, 4 orders: −$975.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,417.68
Costs to cover: 10.030%
Break-even: never at this rate

Slippage from Gate: live order book, 28 min ago; KuCoin: live order book, 13 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, 28 min ago	30.71 bp	145.2 bp −$145	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 13 min ago	23.79 bp	389.5 bp −$390	doesn't fit	doesn't fit	doesn't fit

BOT on 12 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
Arcus BOT-USD	−0.9989%	1h	29.470	−0.169%	$3K	$8K	5x	as long as short
KuCoin BOTUSDTMshort	−0.2000%	8h	29.500	−0.068%	$97K	$312K	20x
Binance BOTUSDT	−0.1641%	8h	29.511	−0.032%	$453K	$1.2M	10x	as long as short
Variational Omni BOT	−0.1574%	8h	29.465	−0.185%	$32K	$20K	—	as long as short
OKX BOT-USDT-SWAP	−0.1300%	8h	29.540	+0.068%	$237K	$228K	20x	as long as short
QFEX BOT-USD	−0.0049%	1h	29.520	0.000%	$1.2M	$524K	10x	as long as short
Bybit BOTUSDT	0.0000%	8h	29.520	0.000%	$569K	$330K	25x	as long as short
Gate BOT_USDTlong	0.0000%	8h	29.520	long leg	$251K	$227K	20x
Bitget BOTUSDT	0.0000%	8h	29.540	+0.068%	$251K	$129K	5x	as long as short
Lighter BOT	+0.0032%	1h	29.666	+0.495%	$68K	$4K	3x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BOT-USDT	+0.0100%	8h	29.484	−0.122%	$3K	$33K	10x	as long as short
tradeXYZ xyz:BOT	+0.1001%	1h	29.495	−0.085%	$3.1M	$821K	10x	as long as short