Funding you earn now, next payment 04:00 UTC+0.0720%/8h= +78.8% APRnext payment +$3.60 per $10,000 · paid last 24h +0.044%
Price spread now: Gate against KuCoin−0.266%7-day average −0.153% · you buy dearer than you sell
Net, funding: paid 7d − costs−$854as in the Funding arb table
Net, price: spread back to 7d avg − costs−$876as in the Price arb table
costs, in and out, $10k−$8648.643% of the position
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 7 days+0.080%+$8 · spread now −0.266%, 7d avg −0.153%
=Funding pays, the price is against you. Gate is 0.113% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.266% now, against its 7-day average of −0.153%). If the spread goes back, that is −$11 on $10k: about 13 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.107% in total) that is about 7.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.107% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.60 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 SOONUSDTM | 0.1956 | 0.0100 | pay 0.0050% / 4h | 1h 29m | $1.8M | $3.2M | 50x |
| Short | Gate SOON_USDT | 0.1951 | 0.0820 | get 0.0410% / 4h | 1h 29m | $3.2M | $119K | 50x |
KuCoin SOONUSDTM
Gate SOON_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $151.2
- Price spread: −0.266% → −0.153%
- −$11.29
- Slippage, 4 orders
- −$837.25
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$724.34
- Costs to cover
- 8.643%
- Break-even
- 40.5 days
Slippage from KuCoin: live order book, 8 min ago; Gate: live order book, 4 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, 8 min ago | 4.35 bp | 330.1 bp −$330 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 5.13 bp | 75.9 bp −$76 | doesn't fit | doesn't fit | doesn't fit |
SOON on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin SOONUSDTMlong | +0.0100% | 4h | 0.1956 | long leg | $1.8M | $3.2M | 50x | |
| OKX SOON-USDT-SWAP | +0.0544% | 4h | 0.1955 | −0.061% | $2.0M | $460K | 20x | as long as short |
| Binance SOONUSDT | +0.0613% | 4h | 0.1955 | −0.061% | $8.0M | $1.9M | 50x | as long as short |
| Extended SOON-USD | +0.0616% | 1h | 0.1955 | −0.039% | $6K | $195K | 5x | as long as short |
| Kraken Futures PF_SOONUSD | +0.0767% | 1h | 0.1947 | −0.457% | $11K | $2K | 10x | as long as short |
| Gate SOON_USDTshort | +0.0820% | 4h | 0.1951 | −0.266% | $3.2M | $119K | 50x | |
| Aster SOONUSDT | +0.0993% | 4h | 0.1955 | −0.061% | $190K | $3K | 5x | as long as short |
| Bitget SOONUSDT | +0.1012% | 4h | 0.1955 | −0.061% | $9.2M | $255K | 25x | as long as short |
| Variational Omni SOON | +0.1982% | 4h | 0.1943 | −0.695% | $239K | $20K | — | as long as short |
| BingX SOON-USDT | +0.2082% | 4h | 0.1950 | −0.317% | — | $6.7M | — | as long as short |
OKX SOON-USDT-SWAP
Binance SOONUSDT
Extended SOON-USD
Kraken Futures PF_SOONUSD
Aster SOONUSDT
Bitget SOONUSDT
Variational Omni SOON
BingX SOON-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit SOONUSDT | +0.2241% | 4h | 0.1941 | −0.777% | $2.5M | $1.2M | 25x | as long as short |
Bybit SOONUSDT