Funding you earn now, next payment 08:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.45 per $10,000 · paid last 24h −0.121%
Price spread now: Gate against KuCoin−0.089%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,412as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,402as in the Price arb table
costs, in and out, $10k−$1,39513.953% of the position
Funding, last 7 days−0.164%−$16 on $10k
+Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.089%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.064% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin APRUSDTM | 0.1468 | 0.0682 | pay 0.0341% / 4h | 11m 33s | $2.3M | $343K | 50x |
| Short | Gate APR_USDT | 0.1467 | 0.0592 | get 0.0296% / 4h | 11m 33s | $696K | $213K | 25x |
KuCoin APRUSDTM
Gate APR_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$18.9
- Price spread: −0.089% → −0.024%
- −$6.44
- Slippage, 4 orders
- −$1,368.27
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,420.61
- Costs to cover
- 13.953%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, 25 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, 5 min ago | 12.61 bp | 457.5 bp −$458 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 25 min ago | 13.96 bp | 253.4 bp −$253 | doesn't fit | doesn't fit | doesn't fit |
APR on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin APR-USDT | +0.0057% | 4h | 0.1471 | +0.191% | $288K | $112K | 50x | as long as short |
| Binance APRUSDT | +0.0100% | 4h | 0.1469 | +0.054% | $6.7M | $5.1M | 50x | as long as short |
| Bybit APRUSDT | +0.0100% | 4h | 0.1467 | −0.054% | $1.5M | $645K | 20x | as long as short |
| MEXC APR_USDT | +0.0100% | 4h | 0.1470 | +0.123% | $367K | $175K | 50x | as long as short |
| Bitget APRUSDT | +0.0100% | 4h | 0.1470 | +0.129% | $3.9M | $1.0M | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1465 | −0.211% | $1K | $1.2M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1477 | +0.599% | $19K | $38K | 20x | as long as short |
| OKX APR-USDT-SWAP | +0.0175% | 4h | 0.1470 | +0.123% | $1.3M | $2.5M | 20x | as long as short |
| BingX APR-USDT | +0.0186% | 4h | 0.1470 | +0.123% | — | $1.4M | — | as long as short |
| Aster APRUSDT | +0.0580% | 4h | 0.1470 | +0.099% | $71K | $78K | 5x | as long as short |
BloFin APR-USDT
Binance APRUSDT
Bybit APRUSDT
MEXC APR_USDT
Bitget APRUSDT
SunX APR-USDT
HTX APR-USDT
OKX APR-USDT-SWAP
BingX APR-USDT
Aster APRUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate APR_USDTshort | +0.0592% | 4h | 0.1467 | −0.089% | $696K | $213K | 25x | |
| KuCoin APRUSDTMlong | +0.0682% | 4h | 0.1468 | long leg | $2.3M | $343K | 50x |