Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.046%
Price spread now: KuCoin against Gate−0.005%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$229as in the Funding arb table
Net, price: spread back to 7d avg − costs−$227as in the Price arb table
costs, in and out, $10k−$2302.298% of the position
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 7 days−0.006%−$1 · spread now −0.005%, 7d avg −0.034%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.029% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate COIN_USDT | 201.64 | 0 | get 0.0000% / 8h | 1h 06m | $1.3M | $7.0M | 50x |
| Short | KuCoin COINUSDTM | 201.63 | 0.0100 | get 0.0100% / 8h | 1h 06m | $1.0M | $141K | 20x |
Gate COIN_USDT
KuCoin COINUSDTMFunding 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 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: −0.005% → −0.034%
- $2.88
- Slippage, 4 orders
- −$202.8
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$205.92
- Costs to cover
- 2.298%
- Break-even
- 75.6 days
Slippage from Gate: live order book, 2 min ago; KuCoin: live order book, 3 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, 2 min ago | 3.97 bp | 14.3 bp −$14 | 99.5 bp −$995 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 11.90 bp | 116.6 bp −$117 | doesn't fit | doesn't fit | doesn't fit |
COIN on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 201.27 | −0.183% | $44K | $49K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 201.61 | −0.014% | $370K | $839K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 201.58 | −0.032% | $119K | $446K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 201.66 | +0.009% | $15.6M | $76.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 201.65 | +0.005% | $5.0M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 201.70 | +0.030% | $3.3M | $4.7M | 20x | as long as short |
| Gate COIN_USDTlong | 0.0000% | 8h | 201.64 | long leg | $1.3M | $7.0M | 50x | |
| Bitget COINUSDT | 0.0000% | 8h | 201.72 | +0.040% | $6.9M | $9.9M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 201.52 | −0.058% | $799K | $1.0M | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 201.66 | +0.009% | $19K | $2.0M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0016% | 1h | 201.54 | −0.050% | $1.4M | $3.9M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 201.55 | −0.044% | $371K | $2.1M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 201.53 | −0.055% | $433K | $1.8M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 201.68 | +0.020% | $16K | $55K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 201.49 | −0.074% | — | $513K | 25x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 201.52 | −0.060% | $139K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 201.53 | −0.055% | $87 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 201.20 | −0.218% | $361K | $3.3M | 10x | as long as short |
| tradeXYZ xyz:COIN | +0.0090% | 1h | 201.56 | −0.040% | $16.5M | $13.1M | 10x | as long as short |
| KuCoin COINUSDTMshort | +0.0100% | 8h | 201.63 | −0.005% | $1.0M | $141K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 201.60 | −0.020% | $91K | $346K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 201.61 | −0.015% | $583 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 201.54 | −0.051% | $119 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 201.72 | +0.040% | $199K | $341K | 20x | as long as short |
| Phoenix COIN | +0.0198% | 1h | 201.69 | +0.025% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0479% | 4h | 201.53 | −0.054% | $52K | $293K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
tradeXYZ xyz:COIN
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC