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: KuCoin against Gate+0.024%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,018as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,034as in the Price arb table
costs, in and out, $10k−$1,03910.392% of the position
Funding, last 7 days+0.210%+$21 on $10k
+Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.024%, 7d avg −0.029%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.053% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate TER_USDT | 377.70 | 0 | get 0.0000% / 8h | 6h 17m | $296K | $207K | 20x |
| Short | KuCoin TERUSDTM | 377.79 | 0.0100 | get 0.0100% / 8h | 6h 17m | $227K | $220K | 20x |
Gate TER_USDT
KuCoin TERUSDTMFunding 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: +0.024% → −0.029%
- $5.27
- Slippage, 4 orders
- −$1,012.16
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,012.89
- Costs to cover
- 10.392%
- Break-even
- 344.6 days
Slippage from Gate: live order book, 30 min ago; KuCoin: live order book, 25 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, 30 min ago | 10.60 bp | 102.4 bp −$102 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 25 min ago | 12.68 bp | 492.6 bp −$493 | doesn't fit | doesn't fit | doesn't fit |
TER on 10 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget TERUSDT | −0.0026% | 8h | 377.60 | −0.026% | $240K | $155K | 20x | as long as short |
| Binance TERUSDT | 0.0000% | 8h | 377.49 | −0.056% | $517K | $983K | 25x | as long as short |
| Bybit TERUSDT | 0.0000% | 8h | 376.80 | −0.238% | $256K | $392K | 25x | as long as short |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 377.28 | −0.111% | $205K | $179K | 20x | as long as short |
| Gate TER_USDTlong | 0.0000% | 8h | 377.70 | long leg | $296K | $207K | 20x | |
| Variational Omni TER | 0.0000% | 8h | 377.46 | −0.064% | $48K | $50K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 377.90 | +0.054% | $36K | $4K | 10x | as long as short |
| Paragon para:TER | +0.0041% | 1h | 376.96 | −0.196% | $114K | $56K | 10x | as long as short |
| KuCoin TERUSDTMshort | +0.0100% | 8h | 377.79 | +0.024% | $227K | $220K | 20x | |
| HTX TER-USDT | +0.0100% | 8h | 377.35 | −0.093% | $3K | $40K | 10x | as long as short |
Bitget TERUSDT
Binance TERUSDT
Bybit TERUSDT
OKX TER-USDT-SWAP
Variational Omni TER
Extended TER_24_5-USD
Paragon para:TER
HTX TER-USDT