Funding arb · Price arb /

2Z

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against KuCoin−0.031%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.031% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin 2ZUSDTM	0.05232	0.0100	pay 0.0050% / 4h	26m 39s	$193K	$53K	50x
Short	Gate 2Z_USDT	0.05230	0.0100	get 0.0050% / 4h	26m 39s	$91K	$65K	50x

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

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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 −0.031%Rate

Funding earned: $0
Price spread: −0.031% → 0.000%: −$3.06
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$30.06
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 54 min ago; Gate: no order-book sample. Net counts fees only.

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	14.13 bp	56.8 bp −$57	609.7 bp −$6,097	doesn't fit	doesn't fit
Sell Gate no order-book sample	—	—	—	—	—

Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

2Z on 17 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
Backpack 2Z_USDC_PERP	−0.0674%	1h	0.05228	−0.069%	$46K	$29K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.809%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05238	+0.122%	$17K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05238	+0.124%	$676K	$367K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05236	+0.085%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05234	+0.052%	$75K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05230	−0.028%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05233	+0.027%	$690K	$978K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05234	+0.046%	$450K	$723K	20x	as long as short
Gate 2Z_USDTshort	+0.0100%	4h	0.05230	−0.031%	$91K	$65K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 2Z_USDT	+0.0100%	4h	0.05234	+0.046%	$293K	$126K	50x	as long as short
KuCoin 2ZUSDTMlong	+0.0100%	4h	0.05232	long leg	$193K	$53K	50x
Bitget 2ZUSDT	+0.0100%	4h	0.05232	+0.008%	$157K	$634K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05233	+0.027%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05225	−0.125%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05231	−0.011%	$1K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.0797%	1h	0.05239	+0.142%	$5K	$3K	10x	as long as short