Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.071%
Price spread now: Gate against KuCoin−0.156%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$916as in the Funding arb table
Net, price: spread back to 7d avg − costs−$962as in the Price arb table
costs, in and out, $10k−$9509.496% of the position
Funding, last 7 days+0.333%+$33 on $10k
+Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.156%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.127% cheaper against KuCoin than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.029%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.333%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BSPUSDTM | 38.510 | 0.0100 | pay 0.0100% / 8h | 2h 50m | $48K | $155K | 20x |
| Short | Gate BSP_USDT | 38.450 | 0 | get 0.0000% / 8h | 2h 50m | $251K | $259K | 25x |
KuCoin BSPUSDTM
Gate BSP_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
- −$21
- Price spread: −0.156% → −0.029%
- −$12.69
- Slippage, 4 orders
- −$922.62
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$983.31
- Costs to cover
- 9.496%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, 56 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 | 12.98 bp | 185.3 bp −$185 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 56 min ago | 5.20 bp | 70.9 bp −$71 | 72.3 bp −$723 | 92.8 bp −$9,280 | doesn't fit |
BSP on 7 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 BSPUSDT | 0.0000% | 8h | 38.450 | −0.156% | $479K | $690K | 10x | as long as short |
| Bybit BSPUSDT | 0.0000% | 8h | 38.510 | 0.000% | $379K | $81K | 25x | as long as short |
| OKX BSP-USDT-SWAP | 0.0000% | 8h | 38.480 | −0.078% | $154K | $159K | 10x | as long as short |
| Gate BSP_USDTshort | 0.0000% | 8h | 38.450 | −0.156% | $251K | $259K | 25x | |
| Bitget BSPUSDT | 0.0000% | 8h | 38.481 | −0.075% | $100K | $64K | 20x | as long as short |
| KuCoin BSPUSDTMlong | +0.0100% | 8h | 38.510 | long leg | $48K | $155K | 20x | |
| HTX BSP-USDT | +0.0100% | 8h | 38.450 | −0.156% | $6K | $41K | 10x | as long as short |
Binance BSPUSDT
Bybit BSPUSDT
OKX BSP-USDT-SWAP
Bitget BSPUSDT
HTX BSP-USDT