Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Gate against KuCoin+0.155%7-day average +0.182% · you sell dearer than you buy
Net, funding: paid 7d − costs−$864as in the Funding arb table
Net, price: spread back to 7d avg − costs−$846as in the Price arb table
costs, in and out, $10k−$8438.433% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)+0.319%+$32 · spread now +0.155%, 7d avg +0.182%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.027% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.182%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin RDWUSDTM | 11.620 | 0.0100 | pay 0.0100% / 8h | 6h 57m | $293K | $639K | 20x |
| Short | Gate RDW_USDT | 11.638 | 0 | get 0.0000% / 8h | 6h 57m | $134K | $31K | 20x |
KuCoin RDWUSDTM
Gate RDW_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: +0.155% → +0.182%
- −$2.69
- Slippage, 4 orders
- −$816.29
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$866.99
- Costs to cover
- 8.433%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 36 min ago; Gate: live order book, 27 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, 36 min ago | 8.74 bp | 371.5 bp −$372 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 27 min ago | 30.44 bp | 126.3 bp −$126 | doesn't fit | doesn't fit | doesn't fit |
RDW on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX RDW-USDT-SWAP | 0.0000% | 8h | 11.614 | −0.052% | $150K | $240K | 10x | as long as short |
| QFEX RDW-USD | 0.0000% | 1h | 11.620 | 0.000% | $1.1M | $130K | 10x | as long as short |
| Gate RDW_USDTshort | 0.0000% | 8h | 11.638 | +0.155% | $134K | $31K | 20x | |
| Bitget RDWUSDT | 0.0000% | 8h | 11.619 | −0.009% | $412K | $101K | 20x | as long as short |
| KuCoin RDWUSDTMlong | +0.0100% | 8h | 11.620 | long leg | $293K | $639K | 20x | |
| SunX RDW-USDT | +0.0100% | 8h | 11.629 | +0.077% | — | $2.0M | 10x | as long as short |
| HTX RDW-USDT | +0.0100% | 8h | 11.631 | +0.095% | $13K | $50K | 10x | as long as short |
| Bybit RDWUSDT | +0.1208% | 8h | 11.623 | +0.026% | $456K | $404K | 25x | as long as short |
OKX RDW-USDT-SWAP
QFEX RDW-USD
Bitget RDWUSDT
SunX RDW-USDT
HTX RDW-USDT
Bybit RDWUSDT