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−0.024%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,060as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,044as 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.053% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.029%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TERUSDTM | 377.79 | 0.0100 | pay 0.0100% / 8h | 6h 17m | $227K | $220K | 20x |
| Short | Gate TER_USDT | 377.70 | 0 | get 0.0000% / 8h | 6h 17m | $296K | $207K | 20x |
KuCoin TERUSDTM
Gate TER_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: −0.024% → +0.029%
- −$5.26
- Slippage, 4 orders
- −$1,012.16
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,065.42
- Costs to cover
- 10.392%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 25 min ago; Gate: live order book, 30 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, 25 min ago | 12.68 bp | 334.0 bp −$334 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 30 min ago | 10.60 bp | 110.2 bp −$110 | 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 | −0.050% | $240K | $155K | 20x | as long as short |
| Binance TERUSDT | 0.0000% | 8h | 377.46 | −0.088% | $517K | $983K | 25x | as long as short |
| Bybit TERUSDT | 0.0000% | 8h | 377.00 | −0.209% | $258K | $392K | 25x | as long as short |
| OKX TER-USDT-SWAP | 0.0000% | 8h | 377.28 | −0.135% | $205K | $179K | 20x | as long as short |
| Gate TER_USDTshort | 0.0000% | 8h | 377.70 | −0.024% | $296K | $207K | 20x | |
| Variational Omni TER | 0.0000% | 8h | 377.46 | −0.088% | $48K | $50K | — | as long as short |
| Extended TER_24_5-USD | +0.0040% | 1h | 377.90 | +0.030% | $36K | $4K | 10x | as long as short |
| Paragon para:TER | +0.0044% | 1h | 376.96 | −0.220% | $114K | $56K | 10x | as long as short |
| KuCoin TERUSDTMlong | +0.0100% | 8h | 377.79 | long leg | $227K | $220K | 20x | |
| HTX TER-USDT | +0.0100% | 8h | 377.35 | −0.116% | $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