Funding you earn now, next payment 08:00 UTC−0.0141%/8h= −15.4% APRnext payment −$1.41 per $10,000 · paid last 24h −0.008%
Price spread now: KuCoin against Gate−0.325%7-day average +0.493% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,251as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,405as in the Price arb table
costs, in and out, $10k−$1,32313.232% of the position
Funding, last 7 days+0.726%+$73 on $10k
+Price spread, last 4 days (all we have)+0.914%+$91 · spread now −0.325%, 7d avg +0.493%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.817% cheaper against Gate than usual: you would sell low and buy high (−$82 if the spread goes back to its 7-day average of +0.493%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.726%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TENCENTHKD_USDT | 449.70 | 0 | get 0.0000% / 8h | 1h 18m | $244K | $55K | 20x |
| Short | KuCoin TENCENTHKDUSDTM | 448.24 | −0.0141 | pay 0.0141% / 8h | 1h 18m | $33K | $1.3M | 20x |
Gate TENCENTHKD_USDT
KuCoin TENCENTHKDUSDTMFunding 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
- −$29.61
- Price spread: −0.325% → +0.493%
- −$81.73
- Slippage, 4 orders
- −$1,296.21
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,434.55
- Costs to cover
- 13.232%
- Break-even
- never at this rate
Slippage from Gate: live order book, 22 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 Gate live order book, 22 min ago | 45.40 bp | 210.2 bp −$210 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 7 min ago | 1.00 bp | 466.4 bp −$466 | doesn't fit | doesn't fit | doesn't fit |
TENCENTHKD on 3 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TENCENTHKDUSDTMshort | −0.0141% | 8h | 448.24 | −0.325% | $33K | $1.3M | 20x | |
| Gate TENCENTHKD_USDTlong | 0.0000% | 8h | 449.70 | long leg | $244K | $55K | 20x | |
| Bitget TENCENTHKDUSDT | 0.0000% | 8h | 449.25 | −0.100% | $405K | $1.3M | 20x | as long as short |
Bitget TENCENTHKDUSDT