Settings8H · net · $10k
Funding arb · Price arb /

COST

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Gate−0.112%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,045as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,064as in the Price arb table
costs, in and out, $10k−$1,06210.619% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.165%+$16 on $10k
Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.112%, 7d avg −0.093%
Together, before fees+0.204%+$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.093%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate COST_USDT898.810get 0.0000% / 8h5h 53m$520K$8K25x
ShortKuCoin COSTUSDTM897.800.0100get 0.0100% / 8h5h 53m$46K$871K20x

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

Funding earned
$21
Price spread: −0.112% → −0.093%
−$1.93
Slippage, 4 orders
−$1,034.86
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,042.78
Costs to cover
10.619%
Break-even
354.6 days
Slippage from Gate: live order book, 8 min ago; KuCoin: live order book, 56 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 8 min ago7.68 bp317.5 bp −$318doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 56 min ago56.05 bp383.3 bp −$383doesn't fitdoesn't fitdoesn't fit

COST on 15 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
Aster COSTUSDT0.0000%8h898.79−0.002%$45K$17820xas long as short
Bybit COSTUSDT0.0000%8h898.42−0.043%$491K$218K25xas long as short
OKX COST-USDT-SWAP0.0000%8h899.38+0.063%$444K$106K10xas long as short
Gate COST_USDTlong0.0000%8h898.81long leg$520K$8K25x
Bitget COSTUSDT0.0000%8h898.73−0.009%$403K$110K25xas long as short
SunX COST-USDT0.0000%8h897.90−0.101%$1K$3.0M10xas long as short
HTX COST-USDT0.0000%8h900.65+0.205%$10K$42K10xas long as short
QFEX COST-USD+0.0005%1h898.50−0.034%$1.1M$2.9M10xas long as short
Injective COST/USDC PERP+0.0033%1h891.98−0.760%$2K$28K12xas long as short
Extended COST-USD+0.0040%1h898.25−0.062%10xas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Vest COST-USD-PERP+0.0046%1h898.62−0.021%25xas long as short
tradeXYZ xyz:COST+0.0050%1h898.48−0.037%$1.8M$515K20xas long as short
KuCoin COSTUSDTMshort+0.0100%8h897.80−0.112%$46K$871K20x
Variational Omni COST+0.0113%8h898.49−0.036%$42K$17Kas long as short
Binance COSTUSDT+0.0228%8h898.62−0.021%$1.1M$927K20xas long as short