NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0360%/8h= +39.4% APRnext payment +$1.80 per $10,000 · paid last 24h +0.018%

Price spread now: Gate against KuCoin+0.020%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$258as in the Funding arb table

Net, price: spread back to 7d avg − costs−$269as in the Price arb table

costs, in and out, $10k−$2642.638% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.065%+$7 · spread now +0.020%, 7d avg +0.073%

Together, before fees+0.123%+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.053% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.073%). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.058% in total) that is about 6.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.80 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	KuCoin NOTUSDTM	0.0005048	−0.0260	get 0.0130% / 4h	3h 19m	$471K	$128K	50x
Short	Gate NOT_USDT	0.0005049	0.0100	get 0.0050% / 4h	3h 19m	$140K	$70K	50x

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

Position, each leg$Hold fordaysFee KuCoinbpFee GatebpOrdersPrice spread, now +0.020%Rate

Funding earned: $75.6
Price spread: +0.020% → +0.073%: −$5.3
Slippage, 4 orders: −$236.83
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$193.53
Costs to cover: 2.638%
Break-even: 24.9 days

Slippage from KuCoin: live order book, 53 min ago; Gate: live order book, 26 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 KuCoin live order book, 53 min ago	10.85 bp	86.7 bp −$87	532.1 bp −$5,321	doesn't fit	doesn't fit
Sell Gate live order book, 26 min ago	10.83 bp	46.7 bp −$47	doesn't fit	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0317%	4h	0.0005047	−0.017%	$72K	$38K	—	as long as short
KuCoin NOTUSDTMlong	−0.0260%	4h	0.0005048	long leg	$471K	$128K	50x
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.447%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005068	+0.392%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005060	+0.238%	$357K	$56K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005058	+0.202%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005058	+0.198%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005053	+0.099%	$2.1M	$849K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005053	+0.099%	$640K	$674K	20x	as long as short
Gate NOT_USDTshort	+0.0100%	4h	0.0005049	+0.020%	$140K	$70K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005058	+0.198%	$1.4M	$442K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005057	+0.178%	$671K	$415K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005056	+0.158%	—	$728K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005057	+0.185%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0136%	4h	0.0005053	+0.099%	$111K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1124%	1h	0.0005088	+0.788%	$50K	$7K	10x	as long as short