Funding you earn now, next payment 08:00 UTC+0.0381%/8h= +41.7% APRpaid last 24h +0.136%
Price spread now: KuCoin against Gate−0.301%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. KuCoin is 0.301% cheaper against Gate than usual: you would sell low and buy high (spread −0.301% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 2.6 days of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.047% in total) that is about 45 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.5% 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 | Gate MINIMAX_USDT | 36.530 | 0.0363 | pay 0.0363% / 8h | 36m 54s | $1.3M | $2.9M | 50x |
| Short | KuCoin MINIMAXUSDTM | 36.420 | 0.0744 | get 0.0372% / 4h | 36m 54s | $95K | $35K | 20x |
Gate MINIMAX_USDT
KuCoin MINIMAXUSDTMFunding 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
- $80.01
- Price spread: −0.301% → 0.000%
- −$30.11
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $22.9
- Costs to cover
- 0.270%
- Break-even
- 5.0 days
Slippage unknown: Gate: live order book, 1 min ago; KuCoin: no order-book sample. Net counts fees only.
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, 1 min ago | 9.56 bp | 37.5 bp −$38 | 205.1 bp −$2,051 | doesn't fit | doesn't fit |
| Sell KuCoin no order-book sample | — | — | — | — | — |
KuCoin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MINIMAX on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX MINIMAX-USDT | 0.0000% | 4h | 36.520 | −0.027% | $15 | $1.4M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 36.551 | +0.057% | $49K | $233K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 36.470 | −0.164% | $92K | $3K | 10x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0050% | 1h | 36.530 | 0.000% | $23K | $52K | 5x | as long as short |
| Lighter MINIMAX | +0.0056% | 1h | 36.482 | −0.131% | $41K | $23K | 10x | as long as short |
| Aevo MINIMAX-PERP | +0.0104% | 1h | 36.481 | −0.134% | — | — | 10x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0334% | 1h | 36.426 | −0.285% | $4.7M | $3.3M | 10x | as long as short |
| Gate MINIMAX_USDTlong | +0.0363% | 8h | 36.530 | long leg | $1.3M | $2.9M | 50x | |
| Bybit MINIMAXUSDT | +0.0402% | 8h | 36.500 | −0.082% | $919K | $994K | 25x | as long as short |
| Aster MINIMAXUSDT | +0.0589% | 8h | 36.404 | −0.345% | $32K | $6K | 20x | as long as short |
SunX MINIMAX-USDT
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Ondo Perps MINIMAX-USD.P
Lighter MINIMAX
Aevo MINIMAX-PERP
tradeXYZ xyz:MINIMAX
Bybit MINIMAXUSDT
Aster MINIMAXUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MINIMAXUSDT | +0.0715% | 8h | 36.449 | −0.222% | $1.2M | $2.8M | 20x | as long as short |
| KuCoin MINIMAXUSDTMshort | +0.0744% | 4h | 36.420 | −0.301% | $95K | $35K | 20x | |
| GRVT MINIMAX_USDT_Perp | +0.0766% | 4h | 36.460 | −0.192% | $1K | $123K | 10x | as long as short |
| edgeX MINIMAXUSDC | +0.0846% | 4h | 36.459 | −0.194% | $27K | $183K | 10x | as long as short |
| Extended MINIMAX-USD | +0.0856% | 1h | 36.468 | −0.168% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.0857% | 4h | 36.477 | −0.144% | $6.3M | $30.8M | 25x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1410% | 8h | 36.550 | +0.055% | $2.8M | $8.1M | 20x | as long as short |
Bitget MINIMAXUSDT
GRVT MINIMAX_USDT_Perp
edgeX MINIMAXUSDC
Extended MINIMAX-USD
Binance MINIMAXUSDT
OKX MINIMAX-USDT-SWAP