BOT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0641%/8h= −70.2% APRnext payment −$6.41 per $10,000 · paid last 24h −0.186%

Price spread now: KuCoin against Gate+0.034%7-day average −0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$996as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,017as in the Price arb table

costs, in and out, $10k−$1,03310.325% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.368%+$37 on $10k

Price spread, last 4 days (all we have)−0.175%−$17 · spread now +0.034%, 7d avg −0.120%

Together, before fees+0.193%+$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.155% dearer against Gate than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.120%): +$15 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 19 hours. Mind the row above: over the last 7 days funding on this pair paid +0.368%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.368% in total (about 19.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.41 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 BOT_USDT	29.150	0	get 0.0000% / 8h	1h 16m	$250K	$233K	20x
Short	KuCoin BOTUSDTM	29.160	−0.0641	pay 0.0641% / 8h	1h 16m	$94K	$382K	20x

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 +0.034%Rate

Funding earned: −$134.61
Price spread: +0.034% → −0.120%: $15.47
Slippage, 4 orders: −$1,005.51
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,151.65
Costs to cover: 10.325%
Break-even: never at this rate

Slippage from Gate: live order book, 20 min ago; KuCoin: live order book, 27 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, 20 min ago	27.42 bp	167.6 bp −$168	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 27 min ago	20.57 bp	266.4 bp −$266	doesn't fit	doesn't fit	doesn't fit

BOT 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
tradeXYZ xyz:BOT	−0.1626%	1h	29.112	−0.130%	$3.1M	$789K	10x	as long as short
OKX BOT-USDT-SWAP	−0.1536%	8h	29.140	−0.034%	$232K	$223K	20x	as long as short
KuCoin BOTUSDTMshort	−0.0641%	8h	29.160	+0.034%	$94K	$382K	20x
Binance BOTUSDT	−0.0580%	8h	29.164	+0.048%	$454K	$1.2M	10x	as long as short
Variational Omni BOT	−0.0498%	8h	29.160	+0.034%	$31K	$14K	—	as long as short
Bitget BOTUSDT	−0.0182%	8h	29.250	+0.343%	$243K	$130K	5x	as long as short
QFEX BOT-USD	−0.0080%	1h	29.180	+0.103%	$1.1M	$491K	10x	as long as short
Bybit BOTUSDT	0.0000%	8h	29.110	−0.137%	$516K	$577K	25x	as long as short
Gate BOT_USDTlong	0.0000%	8h	29.150	long leg	$250K	$233K	20x
Lighter BOT	+0.0032%	1h	29.328	+0.611%	$67K	$1K	3x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BOT-USD	+0.0040%	1h	29.110	−0.137%	$3K	$9K	5x	as long as short
HTX BOT-USDT	+0.0100%	8h	29.187	+0.127%	$3K	$34K	10x	as long as short