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

USUAL

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Gate+0.072%7-day average +0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$990as in the Funding arb table
Net, price: spread back to 7d avg − costs−$984as in the Price arb table
costs, in and out, $10k−$9909.903% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.005%+$1 on $10k
Price spread, last 4 days (all we have)+0.135%+$14 · spread now +0.072%, 7d avg +0.009%
Together, before fees+0.141%+$14 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.063% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate USUAL_USDT0.013910.0100pay 0.0100% / 8h36m 55s$941K$103K50x
ShortKuCoin USUALUSDTM0.013920.0100get 0.0050% / 4h36m 55s$267K$47K20x

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

Profit calculator

Funding earned
$0
Price spread: +0.072% → +0.009%
$6.26
Slippage, 4 orders
−$963.32
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$984.06
Costs to cover
9.903%
Break-even
never at this rate
Slippage from Gate: live order book, 65 min ago; KuCoin: live order book, 65 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 Gate live order book, 65 min ago7.20 bp153.9 bp −$154doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 65 min ago10.81 bp445.9 bp −$446doesn't fitdoesn't fitdoesn't fit

USUAL 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
Injective USUAL/USDC PERP−0.3920%1h0.01378−0.935%$6K$3K5.5xas long as short
Kraken Futures PF_USUALUSD+0.0011%1h0.01390−0.070%$112K$21K10xas long as short
Hyperliquid USUAL+0.0100%1h0.01390−0.072%$395K$182K3xas long as short
Binance USUALUSDT+0.0100%4h0.01389−0.159%$2.2M$3.1M50xas long as short
Bybit USUALUSDT+0.0100%4h0.01390−0.058%$1.0M$754K25xas long as short
Gate USUAL_USDTlong+0.0100%8h0.01391long leg$941K$103K50x
MEXC USUAL_USDT+0.0100%4h0.01389−0.129%$6.1M$255K100xas long as short
KuCoin USUALUSDTMshort+0.0100%4h0.01392+0.072%$267K$47K20x
Bitget USUALUSDT+0.0100%4h0.013910.000%$803K$390K50xas long as short
BingX USUAL-USDT+0.0100%4h0.01391+0.007%$1.2Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni USUAL+0.0100%4h0.01397+0.451%$11K$1Kas long as short