Funding you earn now, next payment 08:00 UTC+0.0370%/8h= +40.5% APRpaid last 24h +0.136%
Price spread now: KuCoin against Gate−0.479%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. KuCoin is 0.479% cheaper against Gate than usual: you would sell low and buy high (spread −0.479% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$48 on $10k: about 4.3 days of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.047% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.5% 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 | Gate MINIMAX_USDT | 37.560 | 0.0116 | pay 0.0116% / 8h | 2h 08m | $1.4M | $3.5M | 50x |
| Short | KuCoin MINIMAXUSDTM | 37.380 | 0.0486 | get 0.0243% / 4h | 2h 08m | $98K | $38K | 20x |
Gate MINIMAX_USDT
KuCoin MINIMAXUSDTMFunding 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
- $77.7
- Price spread: −0.479% → 0.000%
- −$47.92
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $2.78
- Costs to cover
- 0.270%
- Break-even
- 6.7 days
Slippage unknown: Gate: live order book, 4 min ago; KuCoin: no order-book sample. Net counts fees only.
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, 4 min ago | 5.33 bp | 55.1 bp −$55 | 211.4 bp −$2,114 | doesn't fit | doesn't fit |
| Sell KuCoin no order-book sample | — | — | — | — | — |
KuCoin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
MINIMAX on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX MINIMAX-USDT | 0.0000% | 4h | 37.540 | −0.053% | $15 | $2.1M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 37.559 | −0.003% | $48K | $237K | 20x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 37.486 | −0.197% | $94K | $3K | 10x | as long as short |
| Aevo MINIMAX-PERP | +0.0104% | 1h | 37.506 | −0.144% | — | — | 10x | as long as short |
| Gate MINIMAX_USDTlong | +0.0116% | 8h | 37.560 | long leg | $1.4M | $3.5M | 50x | |
| edgeX MINIMAXUSDC | +0.0365% | 4h | 37.551 | −0.025% | $28K | $182K | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.0416% | 8h | 37.520 | −0.106% | $926K | $1.1M | 25x | as long as short |
| KuCoin MINIMAXUSDTMshort | +0.0486% | 4h | 37.380 | −0.479% | $98K | $38K | 20x | |
| Aster MINIMAXUSDT | +0.0491% | 8h | 37.500 | −0.160% | $33K | $45K | 20x | as long as short |
| Ondo Perps MINIMAX-USD.P | +0.0495% | 1h | 37.450 | −0.293% | $24K | $51K | 5x | as long as short |
SunX MINIMAX-USDT
HTX MINIMAX-USDT
SoDEX MINIMAX-USD
Aevo MINIMAX-PERP
edgeX MINIMAXUSDC
Bybit MINIMAXUSDT
Aster MINIMAXUSDT
Ondo Perps MINIMAX-USD.PShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter MINIMAX | +0.0568% | 1h | 37.514 | −0.122% | $42K | $25K | 10x | as long as short |
| Bitget MINIMAXUSDT | +0.0658% | 8h | 37.509 | −0.136% | $1.2M | $2.8M | 20x | as long as short |
| Extended MINIMAX-USD | +0.0712% | 1h | 37.489 | −0.188% | $3K | — | 10x | as long as short |
| Binance MINIMAXUSDT | +0.0714% | 4h | 37.500 | −0.160% | $6.5M | $32.5M | 25x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.1120% | 1h | 37.461 | −0.264% | $4.5M | $3.2M | 10x | as long as short |
| GRVT MINIMAX_USDT_Perp | +0.1214% | 4h | 37.578 | +0.048% | $331 | $126K | 10x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1322% | 8h | 37.520 | −0.106% | $2.9M | $8.6M | 20x | as long as short |
Lighter MINIMAX
Bitget MINIMAXUSDT
Extended MINIMAX-USD
Binance MINIMAXUSDT
tradeXYZ xyz:MINIMAX
GRVT MINIMAX_USDT_Perp
OKX MINIMAX-USDT-SWAP