Funding you earn now, next payment 08:00 UTC−0.0162%/8h= −17.7% APRnext payment −$1.62 per $10,000 · paid last 24h −0.060%
Price spread now: KuCoin against Gate+0.040%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$470.472% of the position
Funding, last 7 days−0.247%−$25 on $10k
+Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.040%, 7d avg −0.008%
=The price spread pays, funding is against you. KuCoin is 0.048% dearer against Gate than usual: you sell high and buy low (spread +0.040% now, against its 7-day average of −0.008%): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate USDC_USDT | 0.9990 | 0.0100 | pay 0.0100% / 8h | 7h 28m | $253K | $35K | 50x |
| Short | KuCoin USDCUSDTM | 0.9994 | −0.0062 | pay 0.0062% / 8h | 7h 28m | $2.5M | $19K | 30x |
Gate USDC_USDT
KuCoin USDCUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Gate. 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
- −$34.02
- Price spread: +0.040% → −0.008%
- $4.76
- Slippage, 4 orders
- −$20.2
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$76.46
- Costs to cover
- 0.472%
- Break-even
- never at this rate
Slippage from Gate: live order book, 38 min ago; KuCoin: 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 Gate live order book, 38 min ago | 2.50 bp | 12.1 bp −$12 | 15.3 bp −$153 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 4.50 bp | 14.4 bp −$14 | 386.9 bp −$3,869 | doesn't fit | doesn't fit |
USDC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDT | −0.0150% | 8h | 0.9995 | +0.049% | $4.4M | $3.8M | 50x | as long as short |
| MEXC USDC_USDT | −0.0149% | 8h | 0.9995 | +0.049% | $19.4M | $587K | 200x | as long as short |
| Bitget USDCUSDT | −0.0135% | 8h | 0.9994 | +0.040% | $4.3M | $17K | 50x | as long as short |
| KuCoin USDCUSDTMshort | −0.0062% | 8h | 0.9994 | +0.040% | $2.5M | $19K | 30x | |
| Kraken Futures PF_USDCUSD | −0.0021% | 1h | 0.9998 | +0.075% | $14K | $930 | 50x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.110% | $9.5M | $349K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.098% | $1.1M | $41K | 50x | as long as short |
| Gate USDC_USDTlong | +0.0100% | 8h | 0.9990 | long leg | $253K | $35K | 50x |
Binance USDCUSDT
MEXC USDC_USDT
Bitget USDCUSDT
Kraken Futures PF_USDCUSD
Bybit USDCUSDT
OKX USDC-USDT-SWAP