COST

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Gate against KuCoin+0.125%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,724as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,704as in the Price arb table

costs, in and out, $10k−$1,70717.074% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.165%−$16 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.125%, 7d avg +0.094%

Together, before fees−0.203%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.031% dearer against KuCoin than usual: you sell high and buy low (spread +0.125% now, against its 7-day average of +0.094%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin COSTUSDTM	898.30	0.0100	pay 0.0100% / 8h	4h 10m	$48K	$882K	20x
Short	Gate COST_USDT	899.42	0	get 0.0000% / 8h	4h 10m	$521K	$7K	25x

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 +0.125%Rate

Funding earned: −$21
Price spread: +0.125% → +0.094%: $3.07
Slippage, 4 orders: −$1,680.38
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,725.31
Costs to cover: 17.074%
Break-even: never at this rate

Slippage from KuCoin: live order book, 29 min ago; Gate: live order book, 45 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, 29 min ago	16.69 bp	1074.5 bp −$1,075	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 45 min ago	6.39 bp	125.0 bp −$125	doesn't fit	doesn't fit	doesn't fit

COST on 15 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
Aster COSTUSDT	0.0000%	8h	899.37	+0.119%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	899.45	+0.128%	$1.1M	$934K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.86	+0.062%	$490K	$219K	25x	as long as short
Gate COST_USDTshort	0.0000%	8h	899.42	+0.125%	$521K	$7K	25x
Bitget COSTUSDT	0.0000%	8h	899.13	+0.092%	$403K	$77K	25x	as long as short
Variational Omni COST	0.0000%	8h	899.30	+0.112%	$41K	$17K	—	as long as short
SunX COST-USDT	0.0000%	8h	898.40	+0.011%	$2K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.45	+0.351%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0004%	1h	899.28	+0.109%	$1.1M	$2.6M	10x	as long as short
OKX COST-USDT-SWAP	+0.0025%	8h	899.67	+0.153%	$443K	$112K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.704%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.006%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.71	+0.046%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.91	+0.068%	$1.8M	$518K	20x	as long as short
KuCoin COSTUSDTMlong	+0.0100%	8h	898.30	long leg	$48K	$882K	20x