Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Gate−0.145%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,352as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,393as in the Price arb table
costs, in and out, $10k−$1,38113.812% of the position
Funding, last 7 days+0.288%+$29 on $10k
+Price spread, last 4 days (all we have)+0.170%+$17 · spread now −0.145%, 7d avg −0.031%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.114% cheaper against Gate than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.031%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.288%, 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 XIAOMIHKD_USDT | 27.590 | 0.0200 | pay 0.0200% / 8h | 3h 20m | $470K | $208K | 20x |
| Short | KuCoin XIAOMIHKDUSDTM | 27.550 | 0.0100 | get 0.0100% / 8h | 3h 20m | $26K | $163K | 20x |
Gate XIAOMIHKD_USDT
KuCoin XIAOMIHKDUSDTMFunding 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: −0.145% → −0.031%
- −$11.35
- Slippage, 4 orders
- −$1,354.19
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,413.54
- Costs to cover
- 13.812%
- Break-even
- never at this rate
Slippage from Gate: live order book, 30 min ago; KuCoin: live order book, 49 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 | 10.87 bp | 407.9 bp −$408 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 49 min ago | 27.07 bp | 384.3 bp −$384 | doesn't fit | doesn't fit | doesn't fit |
XIAOMIHKD 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget XIAOMIHKDUSDT | +0.0045% | 8h | 27.574 | −0.058% | $786K | $1.7M | 20x | as long as short |
| KuCoin XIAOMIHKDUSDTMshort | +0.0100% | 8h | 27.550 | −0.145% | $26K | $163K | 20x | |
| Gate XIAOMIHKD_USDTlong | +0.0200% | 8h | 27.590 | long leg | $470K | $208K | 20x |
Bitget XIAOMIHKDUSDT