4

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0402%/8h= +44.0% APRnext payment +$2.01 per $10,000 · paid last 24h −0.014%

Price spread now: KuCoin against Gate+0.267%7-day average −0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,264as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,240as in the Price arb table

costs, in and out, $10k−$1,27312.735% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)−0.229%−$23 · spread now +0.267%, 7d avg −0.071%

Together, before fees−0.138%−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and KuCoin is 0.337% dearer against Gate than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.071%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.091% in total (about 4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.01 per $10,000. 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 4_USDT	0.02025	0.0364	pay 0.0182% / 4h	1h 56m	$544K	$276K	20x
Short	KuCoin 4USDTM	0.02030	0.0766	get 0.0383% / 4h	1h 56m	$861K	$12.6M	20x

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

Position, each leg$Hold fordaysFee GatebpFee KuCoinbpOrdersPrice spread, now +0.267%Rate

Funding earned: $84.42
Price spread: +0.267% → −0.071%: $33.74
Slippage, 4 orders: −$1,246.48
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,155.32
Costs to cover: 12.735%
Break-even: 102.8 days

Slippage from Gate: live order book, 4 min ago; KuCoin: live order book, 2 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, 4 min ago	6.86 bp	430.8 bp −$431	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	7.37 bp	42.2 bp −$42	doesn't fit	doesn't fit	doesn't fit

4 on 9 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
Variational Omni 4	+0.0100%	4h	0.02043	+0.911%	$46K	$9K	—	as long as short
SunX 4-USDT	+0.0100%	4h	0.02024	−0.030%	$2K	$1.2M	20x	as long as short
Gate 4_USDTlong	+0.0364%	4h	0.02025	long leg	$544K	$276K	20x
Bybit 4USDT	+0.0377%	4h	0.02028	+0.168%	$2.7M	$1.9M	5x	as long as short
Aster 4USDT	+0.0413%	4h	0.02045	+1.025%	$245K	$113K	5x	as long as short
Binance 4USDT	+0.0433%	4h	0.02029	+0.209%	$7.8M	$12.4M	20x	as long as short
MEXC 4_USDT	+0.0440%	4h	0.02028	+0.168%	$1.6M	$900K	100x	as long as short
BingX 4-USDT	+0.0450%	4h	0.02035	+0.524%	—	$1.4M	—	as long as short
KuCoin 4USDTMshort	+0.0766%	4h	0.02030	+0.267%	$861K	$12.6M	20x