NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0378%/8h= −41.4% APRnext payment −$1.89 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Gate−0.079%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$283as in the Funding arb table

Net, price: spread back to 7d avg − costs−$278as in the Price arb table

costs, in and out, $10k−$2772.773% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now −0.079%, 7d avg −0.071%

Together, before fees−0.123%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.89 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 NOT_USDT	0.0005073	0.0100	pay 0.0050% / 4h	1h 08m	$143K	$68K	50x
Short	KuCoin NOTUSDTM	0.0005069	−0.0278	pay 0.0139% / 4h	1h 08m	$467K	$130K	50x

Funding 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 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 GatebpFee KuCoinbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$79.38
Price spread: −0.079% → −0.071%: −$0.78
Slippage, 4 orders: −$250.25
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$357.42
Costs to cover: 2.773%
Break-even: never at this rate

Slippage from Gate: live order book, 47 min ago; KuCoin: live order book, 15 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, 47 min ago	7.91 bp	37.2 bp −$37	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 15 min ago	14.77 bp	100.9 bp −$101	327.7 bp −$3,277	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0425%	4h	0.0005079	+0.109%	$72K	$39K	—	as long as short
KuCoin NOTUSDTMshort	−0.0278%	4h	0.0005069	−0.079%	$467K	$130K	50x
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.923%	$1K	$13K	5.5x	as long as short
Bybit NOTUSDT	+0.0047%	4h	0.0005067	−0.118%	$2.1M	$857K	25x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005085	+0.237%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005080	+0.138%	$370K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005072	−0.030%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005078	+0.103%	$2.1M	$3.1M	50x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005077	+0.079%	$635K	$654K	20x	as long as short
Gate NOT_USDTlong	+0.0100%	4h	0.0005073	long leg	$143K	$68K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005076	+0.059%	$1.3M	$441K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005082	+0.177%	$674K	$411K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005075	+0.039%	—	$723K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005072	−0.011%	$4K	$491	5x	as long as short
BloFin NOT-USDT	+0.0145%	4h	0.0005088	+0.296%	$112K	$17K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1935%	1h	0.0005114	+0.808%	$50K	$9K	10x	as long as short