Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.032%
Price spread now: Gate against KuCoin−0.169%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$976as in the Funding arb table
Net, price: spread back to 7d avg − costs−$953as in the Price arb table
costs, in and out, $10k−$9469.458% of the position
Funding, last 7 days−0.297%−$30 on $10k
+Price spread, last 4 days (all we have)+0.197%+$20 · spread now −0.169%, 7d avg −0.092%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.076% cheaper against KuCoin than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.092%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin KLACUSDTM | 183.97 | 0.0100 | pay 0.0100% / 8h | 3h 25m | $205K | $943K | 20x |
| Short | Gate KLAC_USDT | 183.66 | 0 | get 0.0000% / 8h | 3h 25m | $469K | $41K | 20x |
KuCoin KLACUSDTM
Gate KLAC_USDTFunding 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 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: −0.169% → −0.092%
- −$7.62
- Slippage, 4 orders
- −$918.82
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$974.44
- Costs to cover
- 9.458%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 19 min ago; Gate: live order book, 26 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, 19 min ago | 11.60 bp | 340.4 bp −$340 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 26 min ago | 11.87 bp | 266.1 bp −$266 | doesn't fit | doesn't fit | doesn't fit |
KLAC on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance KLACUSDT | 0.0000% | 8h | 183.93 | −0.022% | $1.3M | $1.3M | 20x | as long as short |
| Bybit KLACUSDT | 0.0000% | 8h | 183.80 | −0.092% | $309K | $717K | 25x | as long as short |
| OKX KLAC-USDT-SWAP | 0.0000% | 8h | 184.10 | +0.071% | $388K | $262K | 20x | as long as short |
| Gate KLAC_USDTshort | 0.0000% | 8h | 183.66 | −0.169% | $469K | $41K | 20x | |
| Bitget KLACUSDT | 0.0000% | 8h | 183.91 | −0.033% | $703K | $166K | 20x | as long as short |
| Variational Omni KLAC | 0.0000% | 8h | 184.03 | +0.030% | $20K | $27K | — | as long as short |
| Extended KLAC_24_5-USD | +0.0040% | 1h | 183.96 | −0.005% | $5K | $4K | 10x | as long as short |
| Vest KLAC-USD-PERP | +0.0046% | 1h | 183.95 | −0.011% | — | $6K | 10x | as long as short |
| KuCoin KLACUSDTMlong | +0.0100% | 8h | 183.97 | long leg | $205K | $943K | 20x | |
| HTX KLAC-USDT | +0.0100% | 8h | 183.92 | −0.027% | $9K | $353K | 10x | as long as short |
Binance KLACUSDT
Bybit KLACUSDT
OKX KLAC-USDT-SWAP
Bitget KLACUSDT
Variational Omni KLAC
Extended KLAC_24_5-USD
Vest KLAC-USD-PERP
HTX KLAC-USDT