Funding you earn now, next payment 08:00 UTC−0.0201%/8h= −22.0% APRnext payment −$2.01 per $10,000 · paid last 24h −0.116%
Price spread now: KuCoin against Gate−0.320%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,032as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,051as in the Price arb table
costs, in and out, $10k−$2,03020.299% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.320%, 7d avg −0.113%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and KuCoin is 0.207% cheaper against Gate than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.113%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.01 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate V_USDT | 369.10 | 0 | get 0.0000% / 8h | 4h 21m | $190K | $5K | 20x |
| Short | KuCoin VUSDTM | 367.92 | −0.0201 | pay 0.0201% / 8h | 4h 21m | $291K | $773K | 20x |
Gate V_USDT
KuCoin VUSDTMFunding 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
- −$42.21
- Price spread: −0.320% → −0.113%
- −$20.71
- Slippage, 4 orders
- −$2,002.89
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$2,092.81
- Costs to cover
- 20.299%
- Break-even
- never at this rate
Slippage from Gate: live order book, 30 min ago; KuCoin: live order book, 63 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 | 6.78 bp | 276.7 bp −$277 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 63 min ago | 46.98 bp | 848.0 bp −$848 | doesn't fit | doesn't fit | doesn't fit |
V on 11 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 VUSDC | −0.0369% | 4h | 368.97 | −0.035% | $192K | $180K | 10x | as long as short |
| Injective V/USDC PERP | −0.0220% | 1h | 363.32 | −1.566% | $17K | $30K | 12x | as long as short |
| KuCoin VUSDTMshort | −0.0201% | 8h | 367.92 | −0.320% | $291K | $773K | 20x | |
| Aster VUSDT | 0.0000% | 8h | 369.85 | +0.202% | $17K | $6K | 20x | as long as short |
| Binance VUSDT | 0.0000% | 8h | 369.05 | −0.015% | $596K | $272K | 20x | as long as short |
| Bybit VUSDT | 0.0000% | 8h | 369.43 | +0.089% | $127K | $10K | 25x | as long as short |
| Gate V_USDTlong | 0.0000% | 8h | 369.10 | long leg | $190K | $5K | 20x | |
| Bitget VUSDT | 0.0000% | 8h | 369.36 | +0.070% | $122K | $11K | 20x | as long as short |
| GRVT V_USDT_Perp | 0.0000% | 8h | 369.05 | −0.015% | $11K | $158K | 10x | as long as short |
| SunX V-USDT | 0.0000% | 8h | 368.83 | −0.073% | $33 | $637K | 10x | as long as short |
edgeX VUSDC
Injective V/USDC PERP
Aster VUSDT
Binance VUSDT
Bybit VUSDT
Bitget VUSDT
GRVT V_USDT_Perp
SunX V-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX V-USDT | 0.0000% | 8h | 369.18 | +0.022% | $6K | $33K | 20x | as long as short |
HTX V-USDT