Funding you earn now, next payment 08:00 UTC−0.0538%/8h= −58.9% APRnext payment −$2.69 per $10,000 · paid last 24h +0.010%
Price spread now: BingX against Gate−0.029%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1661.664% of the position
Funding, last 7 days+0.045%+$5 on $10k
+Price spread, last 4 days (all we have)+0.011%+$1 · spread now −0.029%, 7d avg −0.068%
=The price spread pays, funding is against you. BingX is 0.039% dearer against Gate than usual: you sell high and buy low (spread −0.029% now, against its 7-day average of −0.068%): +$4 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 6 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.69 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 KAVA_USDT | 0.06990 | 0.0638 | pay 0.0319% / 4h | 1h 33m | $517K | $155K | 25x |
| Short | BingX KAVA-USDT | 0.06988 | 0.0100 | get 0.0050% / 4h | 1h 33m | — | $2.3M | — |
Gate KAVA_USDT
BingX KAVA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$112.98
- Price spread: −0.029% → −0.068%
- $3.92
- Slippage, 4 orders
- −$141.38
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$275.44
- Costs to cover
- 1.664%
- Break-even
- never at this rate
Slippage from Gate: live order book, 8 min ago; BingX: live order book, 6 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, 8 min ago | 3.57 bp | 73.0 bp −$73 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 6 min ago | 5.01 bp | 19.3 bp −$19 | 57.0 bp −$570 | 238.3 bp −$23.8K | 617.7 bp −$308.9K |
KAVA 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance KAVAUSDT | +0.0100% | 4h | 0.06988 | −0.034% | $7.9M | $8.9M | 50x | as long as short |
| Bybit KAVAUSDT | +0.0100% | 8h | 0.06987 | −0.043% | $1.3M | $869K | 25x | as long as short |
| MEXC KAVA_USDT | +0.0100% | 4h | 0.06987 | −0.043% | $397K | $161K | 20x | as long as short |
| KuCoin KAVAUSDTM | +0.0100% | 4h | 0.06983 | −0.100% | $361K | $51K | 12x | as long as short |
| Bitget KAVAUSDT | +0.0100% | 4h | 0.06987 | −0.043% | $751K | $440K | 25x | as long as short |
| BingX KAVA-USDTshort | +0.0100% | 4h | 0.06988 | −0.029% | — | $2.3M | — | |
| Variational Omni KAVA | +0.0100% | 8h | 0.06987 | −0.046% | $894 | $1K | — | as long as short |
| Gate KAVA_USDTlong | +0.0638% | 4h | 0.06990 | long leg | $517K | $155K | 25x | |
| Kraken Futures PF_KAVAUSD | +0.1188% | 1h | 0.06999 | +0.126% | $40K | $31K | 10x | as long as short |
Binance KAVAUSDT
Bybit KAVAUSDT
MEXC KAVA_USDT
KuCoin KAVAUSDTM
Bitget KAVAUSDT
Variational Omni KAVA
Kraken Futures PF_KAVAUSD