DKNG

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1391%/8h= −152.3% APRnext payment −$13.91 per $10,000 · paid last 24h −0.208%

Price spread now: Gate against KuCoin+0.136%7-day average −0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$830as in the Funding arb table

Net, price: spread back to 7d avg − costs−$750as in the Price arb table

costs, in and out, $10k−$7727.719% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.579%−$58 on $10k

Price spread, last 4 days (all we have)−0.205%−$20 · spread now +0.136%, 7d avg −0.083%

Together, before fees−0.784%−$78 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.218% dearer against KuCoin than usual: you sell high and buy low (spread +0.136% now, against its 7-day average of −0.083%): +$22 on $10k if it goes back. Holding the pair costs −$42 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.579% in total) that is about 2.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.579% in total (about -30.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$13.91 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	KuCoin DKNGUSDTM	22.100	0.1391	pay 0.1391% / 8h	6h 58m	$90K	$413K	20x
Short	Gate DKNG_USDT	22.130	0	get 0.0000% / 8h	6h 58m	$110K	$5K	20x

Funding 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 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 KuCoinbpFee GatebpOrdersPrice spread, now +0.136%Rate

Funding earned: −$292.11
Price spread: +0.136% → −0.083%: $21.85
Slippage, 4 orders: −$744.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,042.13
Costs to cover: 7.719%
Break-even: never at this rate

Slippage from KuCoin: live order book, 54 min ago; Gate: live order book, 2 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, 54 min ago	13.60 bp	287.4 bp −$287	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	27.82 bp	45.4 bp −$45	doesn't fit	doesn't fit	doesn't fit

DKNG 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
Aster DKNGUSDT	0.0000%	8h	22.109	+0.042%	$1K	$11K	20x	as long as short
Bybit DKNGUSDT	0.0000%	8h	22.100	0.000%	$81K	$67K	25x	as long as short
Gate DKNG_USDTshort	0.0000%	8h	22.130	+0.136%	$110K	$5K	20x
Bitget DKNGUSDT	0.0000%	8h	22.071	−0.131%	$124K	$67K	20x	as long as short
SunX DKNG-USDT	0.0000%	8h	22.110	+0.045%	$1K	$682K	10x	as long as short
HTX DKNG-USDT	0.0000%	8h	22.100	0.000%	$6K	$3K	10x	as long as short
Injective DKNG/USDC PERP	+0.0033%	1h	21.990	−0.498%	$707	$6K	12x	as long as short
OKX DKNG-USDT-SWAP	+0.0289%	8h	22.140	+0.181%	$114K	$113K	20x	as long as short
tradeXYZ xyz:DKNG	+0.0505%	1h	22.105	+0.023%	$1.7M	$2.1M	10x	as long as short
Variational Omni DKNG	+0.0993%	8h	22.106	+0.029%	$78K	$51K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance DKNGUSDT	+0.1052%	8h	22.103	+0.014%	$269K	$624K	20x	as long as short
KuCoin DKNGUSDTMlong	+0.1391%	8h	22.100	long leg	$90K	$413K	20x