COST

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Gate against KuCoin+0.205%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,491as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,465as in the Price arb table

costs, in and out, $10k−$1,47614.763% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.150%−$15 on $10k

Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.205%, 7d avg +0.090%

Together, before fees−0.253%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.115% dearer against KuCoin than usual: you sell high and buy low (spread +0.205% now, against its 7-day average of +0.090%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COSTUSDTM	897.60	0.0100	pay 0.0100% / 8h	1h 06m	$41K	$821K	20x
Short	Gate COST_USDT	899.44	0	get 0.0000% / 8h	1h 06m	$523K	$26K	25x

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 +0.205%Rate

Funding earned: −$21
Price spread: +0.205% → +0.090%: $11.51
Slippage, 4 orders: −$1,449.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,485.81
Costs to cover: 14.763%
Break-even: never at this rate

Slippage from KuCoin: live order book, 68 min ago; Gate: live order book, 10 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, 68 min ago	12.23 bp	882.6 bp −$883	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 10 min ago	17.06 bp	89.5 bp −$90	doesn't fit	doesn't fit	doesn't fit

COST on 15 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
Aster COSTUSDT	0.0000%	8h	898.27	+0.074%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.02	+0.158%	$470K	$193K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.67	+0.231%	$439K	$145K	10x	as long as short
Gate COST_USDTshort	0.0000%	8h	899.44	+0.205%	$523K	$26K	25x
Bitget COSTUSDT	0.0000%	8h	898.71	+0.124%	$398K	$125K	25x	as long as short
SunX COST-USDT	0.0000%	8h	898.70	+0.123%	$2K	$3.3M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.07	+0.387%	$10K	$42K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.626%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.30	+0.078%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.32	+0.080%	—	—	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX COST-USD	+0.0048%	1h	898.99	+0.155%	$1.1M	$3.0M	10x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.61	+0.113%	$1.8M	$536K	20x	as long as short
KuCoin COSTUSDTMlong	+0.0100%	8h	897.60	long leg	$41K	$821K	20x
Variational Omni COST	+0.0122%	8h	898.97	+0.153%	$42K	$19K	—	as long as short
Binance COSTUSDT	+0.0307%	8h	898.92	+0.147%	$1.1M	$972K	20x	as long as short