Settings8H · net · $10k
Funding arb · Price arb /

ID

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.1172%/8h= −128.3% APRnext payment $5.86 per $10,000 · paid last 24h +0.055%
Price spread now: Gate against KuCoin0.000%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$648as in the Funding arb table
Net, price: spread back to 7d avg − costs−$664as in the Price arb table
costs, in and out, $10k−$6586.582% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.102%+$10 on $10k
Price spread, last 4 days (all we have)−0.052%−$5 · spread now 0.000%, 7d avg +0.055%
Together, before fees+0.050%+$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Gate is 0.055% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.055%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.102%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.102% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about $5.86 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin IDUSDTM0.037830.0100pay 0.0050% / 4h3h 25m$1.1M$67K30x
ShortGate ID_USDT0.03783−0.1072pay 0.0536% / 4h3h 25m$250K$240K25x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$246.12
Price spread: 0.000% → +0.055%
−$5.48
Slippage, 4 orders
−$631.21
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$909.81
Costs to cover
6.582%
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 min ago; Gate: live order book, 41 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 4 min ago10.60 bp185.1 bp −$185doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 41 min ago5.32 bp40.9 bp −$41doesn't fitdoesn't fitdoesn't fit

ID on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ID_USDTshort−0.1072%4h0.037830.000%$250K$240K25x
Aster IDUSDT+0.0100%4h0.03791+0.203%$9K$1475xas long as short
Binance IDUSDT+0.0100%4h0.03785+0.053%$2.4M$3.6M50xas long as short
Bybit IDUSDT+0.0100%8h0.03790+0.185%$1.4M$1.1M25xas long as short
MEXC ID_USDT+0.0100%4h0.03785+0.053%$447K$170K20xas long as short
KuCoin IDUSDTMlong+0.0100%4h0.03783long leg$1.1M$67K30x
Bitget IDUSDT+0.0100%4h0.03789+0.159%$805K$606K50xas long as short
BingX ID-USDT+0.0100%4h0.03784+0.026%$2.3Mas long as short
Variational Omni ID+0.0100%8h0.03785+0.063%$12K$20Kas long as short
BloFin ID-USDT+0.0144%4h0.03773−0.264%$160K$13K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_IDUSD+0.0726%1h0.03787+0.111%$4K$2K10xas long as short