Funding you earn now, next payment 00:00 UTC+0.1388%/8h= +152.0% APRnext payment +$6.94 per $10,000 · paid last 24h +0.022%
Price spread now: Gate against Bybit−0.100%7-day average −0.182% · you buy dearer than you sell
Net, funding: paid 7d − costs−$859as in the Funding arb table
Net, price: spread back to 7d avg − costs−$878as in the Price arb table
costs, in and out, $10k−$8868.859% of the position
Funding, last 7 days+0.274%+$27 on $10k
+Price spread, last 4 days (all we have)−0.102%−$10 · spread now −0.100%, 7d avg −0.182%
=Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Gate is 0.083% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.182%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.274% in total (about 14.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.94 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 | Bybit KGENUSDT | 0.1606 | 0.0100 | pay 0.0050% / 4h | 25m 57s | $745K | $329K | 20x |
| Short | Gate KGEN_USDT | 0.1604 | 0.1488 | get 0.0744% / 4h | 25m 57s | $1.5M | $94K | 50x |
Bybit KGENUSDT
Gate KGEN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bybit. 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
- $291.48
- Price spread: −0.100% → −0.182%
- $8.26
- Slippage, 4 orders
- −$859.87
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$586.13
- Costs to cover
- 8.859%
- Break-even
- 21.1 days
Slippage from Bybit: live order book, 49 min ago; Gate: live order book, 2 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 Bybit live order book, 49 min ago | 6.26 bp | 169.6 bp −$170 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 2 min ago | 6.22 bp | 280.5 bp −$280 | doesn't fit | doesn't fit | doesn't fit |
KGEN on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit KGENUSDTlong | +0.0100% | 4h | 0.1606 | long leg | $745K | $329K | 20x | |
| OKX KGEN-USDT-SWAP | +0.0100% | 4h | 0.1606 | 0.000% | $193K | $123K | 10x | as long as short |
| Variational Omni KGEN | +0.0100% | 4h | 0.1608 | +0.113% | $5K | $1K | — | as long as short |
| SunX KGEN-USDT | +0.0100% | 4h | 0.1605 | −0.068% | $2K | $856K | 20x | as long as short |
| Bitget KGENUSDT | +0.0128% | 4h | 0.1610 | +0.230% | $1.7M | $165K | 50x | as long as short |
| KuCoin KGENUSDTM | +0.0220% | 4h | 0.1605 | −0.031% | $731K | $1.5M | 50x | as long as short |
| BingX KGEN-USDT | +0.0682% | 4h | 0.1607 | +0.062% | — | $6.5M | — | as long as short |
| BloFin KGEN-USDT | +0.0711% | 4h | 0.1604 | −0.125% | $159K | $18K | 50x | as long as short |
| MEXC KGEN_USDT | +0.0718% | 4h | 0.1607 | +0.062% | $450K | $98K | 50x | as long as short |
| Binance KGENUSDT | +0.0722% | 4h | 0.1607 | +0.062% | $4.9M | $887K | 50x | as long as short |
OKX KGEN-USDT-SWAP
Variational Omni KGEN
SunX KGEN-USDT
Bitget KGENUSDT
KuCoin KGENUSDTM
BingX KGEN-USDT
BloFin KGEN-USDT
MEXC KGEN_USDT
Binance KGENUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster KGENUSDT | +0.1255% | 4h | 0.1607 | +0.043% | $19K | $5K | 5x | as long as short |
| Gate KGEN_USDTshort | +0.1488% | 4h | 0.1604 | −0.100% | $1.5M | $94K | 50x |
Aster KGENUSDT