Funding you earn now, next payment 04:00 UTC−0.1767%/8h= −193.4% APRpaid last 24h −0.005%
Price spread now: KuCoin against tradeXYZ+0.021%7-day average −0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,978as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,957as in the Price arb table
costs, in and out, $10k−$1,97019.700% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.021%, 7d avg −0.112%
=Together, before fees−0.121%+ Points / potential airdroptradeXYZ: Active · farm board−$12 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.133% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.112%): +$13 on $10k if it goes back. Holding the pair costs −$53 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.076% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -4.0% a year). A funding rate is set anew for every payment. 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 | tradeXYZ xyz:GME | 23.695 | 0.1867 | pay 0.0233% / 1h | 32m 41s | $3.6M | $3.3M | 10x |
| Short | KuCoin GMEUSDTM | 23.700 | 0.0100 | get 0.0100% / 8h | 4h 32m | $163K | $996K | 20x |
tradeXYZ xyz:GME
KuCoin GMEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against tradeXYZ. 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
- −$370.97
- Price spread: +0.021% → −0.112%
- $13.27
- Slippage, 4 orders
- −$1,940.04
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$2,327.74
- Costs to cover
- 19.700%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 5 min ago; KuCoin: live order book, 7 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 tradeXYZ live order book, 5 min ago | 1.48 bp | 13.1 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 4.22 bp | 1648.4 bp −$1,648 | doesn't fit | doesn't fit | doesn't fit |
GME on 13 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 GMEUSDT | 0.0000% | 8h | 23.718 | +0.097% | $11K | $20K | 20x | as long as short |
| Binance GMEUSDT | 0.0000% | 8h | 23.711 | +0.069% | $1.2M | $7.0M | 20x | as long as short |
| OKX GME-USDT-SWAP | 0.0000% | 8h | 23.730 | +0.148% | $305K | $225K | 20x | as long as short |
| Gate GME_USDT | 0.0000% | 8h | 23.663 | −0.135% | $482K | $25K | 20x | as long as short |
| Bitget GMEUSDT | 0.0000% | 8h | 23.710 | +0.063% | $357K | $1.5M | 20x | as long as short |
| Variational Omni GME | 0.0000% | 8h | 23.681 | −0.060% | $218K | $267K | — | as long as short |
| SunX GME-USDT | 0.0000% | 8h | 23.690 | −0.021% | — | $2.4M | 10x | as long as short |
| HTX GME-USDT | 0.0000% | 8h | 23.790 | +0.401% | $12K | $10K | 10x | as long as short |
| Lighter GME | +0.0032% | 1h | 23.748 | +0.224% | — | — | 10x | as long as short |
| Arcus GME-USD | +0.0040% | 1h | 23.690 | −0.021% | $1K | $7K | 10x | as long as short |
Aster GMEUSDT
Binance GMEUSDT
OKX GME-USDT-SWAP
Gate GME_USDT
Bitget GMEUSDT
Variational Omni GME
SunX GME-USDT
HTX GME-USDT
Lighter GME
Arcus GME-USDShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GMEUSDTMshort | +0.0100% | 8h | 23.700 | +0.021% | $163K | $996K | 20x | |
| Injective GME/USDC PERP | +0.0220% | 1h | 23.930 | +0.992% | $3K | $26K | 5.5x | as long as short |
| tradeXYZ xyz:GMElong | +0.1867% | 1h | 23.695 | long leg | $3.6M | $3.3M | 10x |
Injective GME/USDC PERP