Funding you earn now, next payment 08:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.36 per $10,000 · paid last 24h +0.008%
Price spread now: Gate against KuCoin+0.226%7-day average −0.522% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.727%−$73 on $10k
+Price spread, last 4 days (all we have)−0.817%−$82 · spread now +0.226%, 7d avg −0.522%
=The price spread pays, funding is against you. Gate is 0.748% dearer against KuCoin than usual: you sell high and buy low (spread +0.226% now, against its 7-day average of −0.522%): +$75 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2 months. At the pace of the last 7 days (−0.727% in total) that is about 7.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TENCENTHKDUSDTM | 451.50 | 0.0036 | pay 0.0036% / 8h | 6h 16m | $35K | $1.4M | 20x |
| Short | Gate TENCENTHKD_USDT | 452.52 | 0 | get 0.0000% / 8h | 6h 16m | $358K | $24K | 20x |
KuCoin TENCENTHKDUSDTM
Gate TENCENTHKD_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
- −$7.56
- Price spread: +0.226% → −0.522%
- $74.8
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $40.24
- Costs to cover
- 0.270%
- Break-even
- from the start
Slippage unknown: KuCoin: live order book, 4 min ago; Gate: live order book, 49 min ago. 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 KuCoin live order book, 4 min ago | 7.13 bp | 608.9 bp −$609 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 49 min ago | 57.88 bp | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate TENCENTHKD_USDTshort | 0.0000% | 8h | 452.52 | +0.226% | $358K | $24K | 20x | |
| Bitget TENCENTHKDUSDT | 0.0000% | 8h | 451.98 | +0.106% | $736K | $753K | 20x | as long as short |
| KuCoin TENCENTHKDUSDTMlong | +0.0036% | 8h | 451.50 | long leg | $35K | $1.4M | 20x |
Bitget TENCENTHKDUSDT