B

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0252%/8h= −27.6% APRnext payment −$1.26 per $10,000 · paid last 24h −0.107%

Price spread now: Gate against KuCoin−0.010%7-day average −0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,258as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,235as in the Price arb table

costs, in and out, $10k−$1,24512.449% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.131%−$13 on $10k

Price spread, last 7 days−0.004%$0 · spread now −0.010%, 7d avg −0.107%

Together, before fees−0.135%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.097% dearer against KuCoin than usual: you sell high and buy low (spread −0.010% now, against its 7-day average of −0.107%): +$10 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.131% in total) that is about 5.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.131% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.26 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	KuCoin BUSDTM	0.2032	0.0352	pay 0.0176% / 4h	23m 05s	$1.9M	$72K	10x
Short	Gate B_USDT	0.2032	0.0100	get 0.0050% / 4h	23m 05s	$3.5M	$599K	20x

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 −0.010%Rate

Funding earned: −$52.92
Price spread: −0.010% → −0.107%: $9.74
Slippage, 4 orders: −$1,217.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,288.13
Costs to cover: 12.449%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Gate: live order book, 5 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, 3 min ago	8.60 bp	599.7 bp −$600	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	9.82 bp	144.0 bp −$144	doesn't fit	doesn't fit	doesn't fit

B on 11 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
Gate B_USDTshort	+0.0100%	4h	0.2032	−0.010%	$3.5M	$599K	20x
KuCoin BUSDTMlong	+0.0352%	4h	0.2032	long leg	$1.9M	$72K	10x
Bybit BUSDT	+0.0535%	4h	0.2031	−0.049%	$1.7M	$977K	13x	as long as short
BloFin B-USDT	+0.0730%	4h	0.2033	+0.039%	$598K	$39K	20x	as long as short
Binance BUSDT	+0.0759%	4h	0.2037	+0.213%	$11.8M	$2.0M	20x	as long as short
Extended B-USD	+0.0760%	1h	0.2036	+0.201%	$15K	$117K	5x	as long as short
MEXC B_USDT	+0.0766%	4h	0.2035	+0.138%	$980K	$351K	100x	as long as short
edgeX BUSDC	+0.0766%	4h	0.2034	+0.112%	$3K	$390K	5x	as long as short
BingX B-USDT	+0.1143%	4h	0.2034	+0.089%	—	$1.2M	—	as long as short
Bitget BUSDT	+0.1188%	4h	0.2034	+0.089%	$2.8M	$239K	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster BUSDT	+0.1413%	4h	0.2036	+0.181%	$1.9M	$211K	5x	as long as short