Funding you earn now, next payment 16:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Gate against KuCoin+0.091%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$158as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1571.569% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 7 days−0.015%−$2 · spread now +0.091%, 7d avg +0.033%
=The price spread pays, funding is against you. Gate is 0.057% dearer against KuCoin than usual: you sell high and buy low (spread +0.091% now, against its 7-day average of +0.033%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 46 hours. At the pace of the last 7 days (−0.010% in total) that is about 42 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin COINUSDTM | 198.84 | 0.0100 | pay 0.0100% / 8h | 4h 56m | $938K | $255K | 20x |
| Short | Gate COIN_USDT | 199.02 | 0 | get 0.0000% / 8h | 4h 56m | $1.2M | $6.1M | 50x |
KuCoin COINUSDTM
Gate COIN_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
- −$21
- Price spread: +0.091% → +0.033%
- $5.73
- Slippage, 4 orders
- −$129.94
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$172.21
- Costs to cover
- 1.569%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 40 min ago; Gate: live order book, 5 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, 40 min ago | 12.87 bp | 59.8 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell Gate live order book, 5 min ago | 6.54 bp | 15.3 bp −$15 | 70.0 bp −$700 | doesn't fit | doesn't fit |
COIN on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.59 | −0.629% | $17K | $222K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.73 | −0.056% | $346K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.91 | +0.035% | $110K | $869K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.99 | +0.075% | $14.7M | $74.8M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.95 | +0.055% | $4.7M | $5.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.96 | +0.060% | $3.1M | $4.2M | 20x | as long as short |
| Gate COIN_USDTshort | 0.0000% | 8h | 199.02 | +0.091% | $1.2M | $6.1M | 50x | |
| Bitget COINUSDT | 0.0000% | 8h | 198.99 | +0.075% | $6.4M | $9.4M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.82 | −0.009% | $785K | $901K | — | as long as short |
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.82 | −0.010% | $22K | $3.3M | 10x | as long as short |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Bitget COINUSDT
Variational Omni COIN
GRVT COIN_USDT_PerpShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter COIN | +0.0032% | 1h | 198.98 | +0.069% | $345K | $1.9M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.93 | +0.045% | $484K | $1.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0033% | 1h | 199.04 | +0.101% | $1.3M | $2.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 199.09 | +0.126% | $20K | $31K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.86 | +0.010% | — | $277K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.78 | −0.030% | $14.7M | $11.1M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.93 | +0.045% | $122K | $1.2M | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.61 | −0.116% | $324K | $2.1M | 10x | as long as short |
| Phoenix COIN | +0.0081% | 1h | 198.77 | −0.035% | $5K | $268K | 10x | as long as short |
| KuCoin COINUSDTMlong | +0.0100% | 8h | 198.84 | long leg | $938K | $255K | 20x | |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.62 | −0.111% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.86 | +0.010% | $575 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 199.01 | +0.087% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 199.09 | +0.126% | $195K | $482K | 20x | as long as short |
| SoDEX COIN-USD | +0.0125% | 1h | 198.93 | +0.045% | $89 | $3K | 10x | as long as short |
| edgeX COINUSDC | +0.0252% | 4h | 198.70 | −0.071% | $51K | $292K | 10x | as long as short |
Lighter COIN
Lighter RH COIN
QFEX COIN-USD
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
SoDEX COIN-USD
edgeX COINUSDC