Funding you earn now, next payment 04:00 UTC−0.0987%/8h= −108.0% APRpaid last 24h −0.004%
Price spread now: KuCoin against tradeXYZ+0.008%7-day average −0.113% · you sell dearer than you buy
Net, funding: paid 7d − costs−$773as in the Funding arb table
Net, price: spread back to 7d avg − costs−$754as in the Price arb table
costs, in and out, $10k−$7667.662% of the position
Funding, last 7 days−0.072%−$7 on $10k
+Price spread, last 4 days (all we have)−0.107%−$11 · spread now +0.008%, 7d avg −0.113%
=Together, before fees−0.178%+ Points / potential airdroptradeXYZ: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.122% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.113%): +$12 on $10k if it goes back. Holding the pair costs −$30 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.072% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.072% in total (about -3.7% a year). A funding rate is set anew for every payment. 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 | tradeXYZ xyz:GME | 23.568 | 0.1087 | pay 0.0136% / 1h | 58m 55s | $3.6M | $3.7M | 10x |
| Short | KuCoin GMEUSDTM | 23.570 | 0.0100 | get 0.0100% / 8h | 4h 58m | $162K | $1.0M | 20x |
tradeXYZ xyz:GME
KuCoin GMEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against tradeXYZ. 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
- −$207.18
- Price spread: +0.008% → −0.113%
- $12.19
- Slippage, 4 orders
- −$736.19
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$961.18
- Costs to cover
- 7.662%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 9 min ago; KuCoin: live order book, 46 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 tradeXYZ live order book, 9 min ago | 2.54 bp | 14.4 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 46 min ago | 4.26 bp | 283.0 bp −$283 | doesn't fit | doesn't fit | doesn't fit |
GME on 13 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 GMEUSDT | 0.0000% | 8h | 23.557 | −0.048% | $11K | $20K | 20x | as long as short |
| Binance GMEUSDT | 0.0000% | 8h | 23.556 | −0.049% | $1.1M | $7.2M | 20x | as long as short |
| OKX GME-USDT-SWAP | 0.0000% | 8h | 23.550 | −0.076% | $302K | $222K | 20x | as long as short |
| Gate GME_USDT | 0.0000% | 8h | 23.577 | +0.038% | $481K | $25K | 20x | as long as short |
| Bitget GMEUSDT | 0.0000% | 8h | 23.550 | −0.076% | $364K | $1.5M | 20x | as long as short |
| Variational Omni GME | 0.0000% | 8h | 23.560 | −0.032% | $217K | $284K | — | as long as short |
| SunX GME-USDT | 0.0000% | 8h | 23.570 | +0.008% | — | $2.4M | 10x | as long as short |
| HTX GME-USDT | 0.0000% | 8h | 23.620 | +0.221% | $12K | $10K | 10x | as long as short |
| Lighter GME | +0.0032% | 1h | 23.550 | −0.076% | — | — | 10x | as long as short |
| Arcus GME-USD | +0.0040% | 1h | 23.570 | +0.008% | $1K | $7K | 10x | as long as short |
Aster GMEUSDT
Binance GMEUSDT
OKX GME-USDT-SWAP
Gate GME_USDT
Bitget GMEUSDT
Variational Omni GME
SunX GME-USDT
HTX GME-USDT
Lighter GME
Arcus GME-USDShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GMEUSDTMshort | +0.0100% | 8h | 23.570 | +0.008% | $162K | $1.0M | 20x | |
| Injective GME/USDC PERP | +0.0220% | 1h | 23.800 | +0.984% | $3K | $26K | 5.5x | as long as short |
| tradeXYZ xyz:GMElong | +0.1087% | 1h | 23.568 | long leg | $3.6M | $3.7M | 10x |
Injective GME/USDC PERP