Funding you earn now, next payment 04:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.055%
Price spread now: KuCoin against Gate−0.009%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$190as in the Funding arb table
Net, price: spread back to 7d avg − costs−$207as in the Price arb table
costs, in and out, $10k−$2042.036% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 7 days+0.108%+$11 · spread now −0.009%, 7d avg +0.028%
=Funding pays, the price is against you. KuCoin is 0.037% cheaper against Gate than usual: you would sell low and buy high (spread −0.009% now, against its 7-day average of +0.028%). If the spread goes back, that is −$4 on $10k: about 5.2 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.133% in total) that is about 47 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BR_USDT | 1.0992 | 0.0100 | pay 0.0050% / 4h | 3h 30m | $7.4M | $8.8M | 20x |
| Short | KuCoin BRUSDTM | 1.0991 | 0.0124 | get 0.0062% / 4h | 3h 30m | $4.7M | $5.4M | 30x |
Gate BR_USDT
KuCoin BRUSDTMFunding 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
- $5.04
- Price spread: −0.009% → +0.028%
- −$3.72
- Slippage, 4 orders
- −$176.64
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$202.31
- Costs to cover
- 2.036%
- Break-even
- 288.0 days
Slippage from Gate: live order book, 3 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, 3 min ago | 2.22 bp | 59.9 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 4.54 bp | 61.7 bp −$62 | doesn't fit | doesn't fit | doesn't fit |
BR 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX BR-USDT | +0.0080% | 4h | 1.0985 | −0.066% | — | $6.2M | — | as long as short |
| Bybit BRUSDT | +0.0100% | 4h | 1.0997 | +0.045% | $10.6M | $25.8M | 5x | as long as short |
| Gate BR_USDTlong | +0.0100% | 4h | 1.0992 | long leg | $7.4M | $8.8M | 20x | |
| Variational Omni BR | +0.0100% | 4h | 1.0962 | −0.271% | $257K | $296K | — | as long as short |
| SunX BR-USDT | +0.0100% | 4h | 1.0980 | −0.111% | — | $717K | 10x | as long as short |
| HTX BR-USDT | +0.0100% | 4h | 1.1023 | +0.287% | $83K | $248K | 20x | as long as short |
| KuCoin BRUSDTMshort | +0.0124% | 4h | 1.0991 | −0.009% | $4.7M | $5.4M | 30x | |
| Bitget BRUSDT | +0.0262% | 4h | 1.0998 | +0.052% | $8.1M | $12.5M | 10x | as long as short |
| Aster BRUSDT | +0.0497% | 4h | 1.0993 | +0.011% | $668K | $2.9M | 5x | as long as short |
| MEXC BR_USDT | +0.1198% | 4h | 1.1028 | +0.329% | $15.1M | $7.4M | 100x | as long as short |
BingX BR-USDT
Bybit BRUSDT
Variational Omni BR
SunX BR-USDT
HTX BR-USDT
Bitget BRUSDT
Aster BRUSDT
MEXC BR_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BRUSDT | +0.1200% | 4h | 1.1024 | +0.288% | $52.7M | $162.2M | 25x | as long as short |
Binance BRUSDT