Funding you earn now, next payment 08:00 UTC+0.1046%/8h= +114.5% APRnext payment +$5.23 per $10,000 · paid last 24h +0.022%
Price spread now: Gate against Bitget−0.342%7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$542as in the Funding arb table
Net, price: spread back to 7d avg − costs−$591as in the Price arb table
costs, in and out, $10k−$5705.697% of the position
Funding, last 7 days+0.274%+$27 on $10k
+Price spread, last 7 days+0.050%+$5 · spread now −0.342%, 7d avg −0.132%
=Funding pays, the price is against you. Gate is 0.210% cheaper against Bitget than usual: you would sell low and buy high (spread −0.342% now, against its 7-day average of −0.132%). If the spread goes back, that is −$21 on $10k: about 16 hours of funding at the current rate (+$31 a day). At the pace of the last 7 days (+0.274% in total) that is about 5.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.274% in total (about 14.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.23 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 | Bitget KGENUSDT | 0.1636 | 0.0410 | pay 0.0205% / 4h | 3h 58m | $1.7M | $174K | 50x |
| Short | Gate KGEN_USDT | 0.1630 | 0.1456 | get 0.0728% / 4h | 3h 58m | $1.5M | $83K | 50x |
Bitget KGENUSDT
Gate KGEN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Bitget. 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
- $219.66
- Price spread: −0.342% → −0.132%
- −$21.03
- Slippage, 4 orders
- −$542.7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$371.07
- Costs to cover
- 5.697%
- Break-even
- 18.8 days
Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 4 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 Bitget live order book, 4 min ago | 11.91 bp | 38.0 bp −$38 | 283.1 bp −$2,831 | doesn't fit | doesn't fit |
| Sell Gate live order book, 4 min ago | 8.28 bp | 281.3 bp −$281 | doesn't fit | doesn't fit | doesn't fit |
KGEN 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit KGENUSDT | +0.0100% | 4h | 0.1633 | −0.147% | $752K | $313K | 20x | as long as short |
| OKX KGEN-USDT-SWAP | +0.0100% | 4h | 0.1636 | +0.012% | $199K | $121K | 10x | as long as short |
| KuCoin KGENUSDTM | +0.0100% | 4h | 0.1634 | −0.104% | $749K | $1.7M | 50x | as long as short |
| Variational Omni KGEN | +0.0100% | 4h | 0.1635 | −0.066% | $5K | $1K | — | as long as short |
| SunX KGEN-USDT | +0.0100% | 4h | 0.1631 | −0.312% | $2K | $850K | 20x | as long as short |
| Bitget KGENUSDTlong | +0.0410% | 4h | 0.1636 | long leg | $1.7M | $174K | 50x | |
| BloFin KGEN-USDT | +0.0493% | 4h | 0.1634 | −0.110% | $225K | $19K | 50x | as long as short |
| BingX KGEN-USDT | +0.0546% | 4h | 0.1635 | −0.049% | — | $6.5M | — | as long as short |
| MEXC KGEN_USDT | +0.0548% | 4h | 0.1634 | −0.110% | $465K | $100K | 50x | as long as short |
| Binance KGENUSDT | +0.0556% | 4h | 0.1634 | −0.110% | $5.0M | $837K | 50x | as long as short |
Bybit KGENUSDT
OKX KGEN-USDT-SWAP
KuCoin KGENUSDTM
Variational Omni KGEN
SunX KGEN-USDT
BloFin KGEN-USDT
BingX KGEN-USDT
MEXC KGEN_USDT
Binance KGENUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster KGENUSDT | +0.0979% | 4h | 0.1630 | −0.337% | $20K | $4K | 5x | as long as short |
| Gate KGEN_USDTshort | +0.1456% | 4h | 0.1630 | −0.342% | $1.5M | $83K | 50x |
Aster KGENUSDT