BX

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0718%/8h= −78.6% APRnext payment −$7.18 per $10,000 · paid last 24h −0.012%

Price spread now: Gate against KuCoin+0.214%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$678as in the Funding arb table

Net, price: spread back to 7d avg − costs−$662as in the Price arb table

costs, in and out, $10k−$6786.778% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.246%−$25 · spread now +0.214%, 7d avg +0.055%

Together, before fees−0.249%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.159% dearer against KuCoin than usual: you sell high and buy low (spread +0.214% now, against its 7-day average of +0.055%): +$16 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.003% in total) that is about 12 months.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.003% in total (about -0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.18 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	KuCoin BXUSDTM	126.38	0.0718	pay 0.0718% / 8h	1h 25m	$112K	$1.1M	20x
Short	Gate BX_USDT	126.65	0	get 0.0000% / 8h	1h 25m	$425K	$20K	20x

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

Position, each leg$Hold fordaysFee KuCoinbpFee GatebpOrdersPrice spread, now +0.214%Rate

Funding earned: −$150.78
Price spread: +0.214% → +0.055%: $15.9
Slippage, 4 orders: −$650.78
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$812.66
Costs to cover: 6.778%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, 55 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	9.89 bp	282.5 bp −$282	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 55 min ago	13.06 bp	76.7 bp −$77	doesn't fit	doesn't fit	doesn't fit

BX on 14 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
QFEX BX-USD	−0.0080%	1h	130.44	+3.213%	$1.1M	$1.3M	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.24	−0.113%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.48	+0.079%	$499K	$856K	25x	as long as short
Gate BX_USDTshort	0.0000%	8h	126.65	+0.214%	$425K	$20K	20x
Bitget BXUSDT	0.0000%	8h	126.52	+0.111%	$903K	$46K	20x	as long as short
SunX BX-USDT	0.0000%	8h	126.50	+0.095%	$466	$302K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.58	+0.158%	$7K	$3K	20x	as long as short
OKX BX-USDT-SWAP	+0.0089%	8h	126.37	−0.008%	$159K	$101K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	126.28	−0.079%	$963	$27K	12x	as long as short
tradeXYZ xyz:BX	+0.0533%	1h	126.46	+0.063%	$664K	$177K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTMlong	+0.0718%	8h	126.38	long leg	$112K	$1.1M	20x
Variational Omni BX	+0.0751%	8h	126.49	+0.086%	$31K	$127	—	as long as short
Binance BXUSDT	+0.1034%	8h	126.48	+0.079%	$804K	$454K	20x	as long as short
GRVT BX_USDT_Perp	+0.1881%	8h	126.55	+0.135%	$432	$127K	10x	as long as short