Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,048.8 | +0.0335 | pay 0.1005% / 24h | 3h 06m | $77K | $1.2M | 4.5x | Long Kalshi | |
| SHORT | 1,050.7 | 0 | 0.0000% / 4h | 1h 06m | $1.5M | $49K | 100x | Short Gate |
Price gap+0.179%45s
Funding gap−0.0335% /8h
The gap pays +$11 on $10k if it goes back to its 7d average, but funding costs $10 a day and eats that in about 26 hours. At the last 7 days' pace that is about 5.8 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$13−0.0335% /8h now · paid −0.131% over the last 7D
Price—spread +0.179%45s now · prices read too far apart to compare
Costs−$610.614% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.131% in total, about −0.0062%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.179%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hXPD on 19 exchanges
lowest funding firstBefore you open
0 ok · 5 to watch- Watch: Thin at this size5.0 / 22.8 bpAt $10k entering Gate costs 22.8 bp, fee and slippage, 4.6× Kalshi’s.
- Note: Margin at max leverage$2,181 + $100Kalshi 4.5x, Gate 100x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ24h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$10.05Long Kalshi: 1 payment, −$10.05; short Gate: 6 payments, $0.00.
- Watch: Prices read 45 s apart+0.179% vs +0.072%Part of this gap may be the market moving.
- Watch: Long leg is thinner$77K vs $1.5M OIKalshi sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKalshi Yes · Gate YesA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0062%/8h × 21 periods−$13.08
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$45.88
Fee Kalshi bp × 2 orders−$0.48
Fee Gate bp × 2 orders−$15.00
Net · 7 days · $10k−$74.44
price spread not counted: prices read too far apartCosts to cover0.614%Break-evennever at this rate
Slippage: Kalshi: live order book, 3 min ago; Gate: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKalshi2.865.0 bp−$511.4 bp−$114doesn’t fitdoesn’t fit
SELL · SHORTGate2.8622.8 bp−$23143.7 bp−$1,437doesn’t fitdoesn’t fit
Closing costs about the same again.