Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.004%
Price spread now: KuCoin against Gate−0.087%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$811as in the Funding arb table
Net, price: spread back to 7d avg − costs−$796as in the Price arb table
costs, in and out, $10k−$7907.900% of the position
Funding, last 7 days−0.209%−$21 on $10k
+Price spread, last 4 days (all we have)+0.031%+$3 · spread now −0.087%, 7d avg −0.024%
=Funding pays, the price is against you. KuCoin is 0.063% cheaper against Gate than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.024%). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.209%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TENCENT_USDT | 57.610 | 0 | get 0.0000% / 8h | 1h 50m | $1.7M | $656K | 25x |
| Short | KuCoin TENCENTUSDTM | 57.560 | 0.0100 | get 0.0050% / 4h | 1h 50m | $122K | $683K | 20x |
Gate TENCENT_USDT
KuCoin TENCENTUSDTMFunding 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
- $21
- Price spread: −0.087% → −0.024%
- −$6.26
- Slippage, 4 orders
- −$762.97
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$775.23
- Costs to cover
- 7.900%
- Break-even
- 265.4 days
Slippage from Gate: live order book, 2 min ago; KuCoin: live order book, 14 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 Gate live order book, 2 min ago | 6.94 bp | 18.8 bp −$19 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 14 min ago | 14.70 bp | 266.8 bp −$267 | doesn't fit | doesn't fit | doesn't fit |
TENCENT on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX TENCENTUSDC | −0.0026% | 4h | 57.563 | −0.081% | $118K | $213K | 10x | as long as short |
| Aster TENCENTUSDT | 0.0000% | 8h | 57.760 | +0.260% | $44K | $12K | 20x | as long as short |
| Bybit TENCENTUSDT | 0.0000% | 8h | 57.570 | −0.069% | $252K | $266K | 25x | as long as short |
| Gate TENCENT_USDTlong | 0.0000% | 8h | 57.610 | long leg | $1.7M | $656K | 25x | |
| Bitget TENCENTUSDT | 0.0000% | 8h | 57.560 | −0.087% | $1.2M | $3.1M | 20x | as long as short |
| HTX TENCENT-USDT | 0.0000% | 4h | 57.600 | −0.017% | $10K | $44K | 10x | as long as short |
| KuCoin TENCENTUSDTMshort | +0.0100% | 4h | 57.560 | −0.087% | $122K | $683K | 20x | |
| Lighter TENCENT | +0.0232% | 1h | 57.846 | +0.410% | $67K | $3K | 10x | as long as short |
| Binance TENCENTUSDT | +0.0443% | 4h | 57.572 | −0.066% | $2.8M | $5.2M | 25x | as long as short |
edgeX TENCENTUSDC
Aster TENCENTUSDT
Bybit TENCENTUSDT
Bitget TENCENTUSDT
HTX TENCENT-USDT
Lighter TENCENT
Binance TENCENTUSDT