Funding you earn now, next payment 08:00 UTC+0.0232%/8h= +25.4% APRnext payment +$2.32 per $10,000 · paid last 24h +0.060%
Price spread now: Gate against KuCoin+0.015%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$520.524% of the position
Funding, last 7 days+0.247%+$25 on $10k
+Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.015%, 7d avg +0.007%
=The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USDCUSDTM | 0.9990 | −0.0153 | get 0.0153% / 8h | 2h 31m | $2.5M | $20K | 30x |
| Short | Gate USDC_USDT | 0.9992 | 0.0079 | get 0.0079% / 8h | 2h 31m | $253K | $39K | 50x |
KuCoin USDCUSDTM
Gate USDC_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $48.72
- Price spread: +0.015% → +0.007%
- $0.8
- Slippage, 4 orders
- −$25.38
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$2.86
- Costs to cover
- 0.524%
- Break-even
- 7.4 days
Slippage from KuCoin: live order book, 10 min ago; Gate: live order book, 10 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, 10 min ago | 4.50 bp | 10.5 bp −$11 | 10.9 bp −$109 | doesn't fit | doesn't fit |
| Sell Gate live order book, 10 min ago | 3.50 bp | 14.9 bp −$15 | 220.6 bp −$2,206 | doesn't fit | doesn't fit |
USDC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USDCUSDTMlong | −0.0153% | 8h | 0.9990 | long leg | $2.5M | $20K | 30x | |
| Binance USDCUSDT | −0.0125% | 8h | 0.9996 | +0.052% | $4.8M | $4.3M | 50x | as long as short |
| MEXC USDC_USDT | −0.0125% | 8h | 0.9996 | +0.052% | $20.8M | $750K | 200x | as long as short |
| Bitget USDCUSDT | −0.0107% | 8h | 0.9995 | +0.045% | $4.3M | $8K | 50x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0068% | 1h | 0.9998 | +0.070% | $14K | $924 | 50x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.105% | $9.5M | $280K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.094% | $1.1M | $41K | 50x | as long as short |
| Gate USDC_USDTshort | +0.0079% | 8h | 0.9992 | +0.015% | $253K | $39K | 50x |
Binance USDCUSDT
MEXC USDC_USDT
Bitget USDCUSDT
Kraken Futures PF_USDCUSD
Bybit USDCUSDT
OKX USDC-USDT-SWAP