Funding arb · Price arb /

A

all A markets

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−0.128%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,077as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,082as in the Price arb table

costs, in and out, $10k−$1,07710.771% of the position

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 4 days (all we have)+0.048%+$5 · spread now −0.128%, 7d avg −0.081%

Together, before fees+0.048%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.047% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AUSDTM	0.09346	0.0100	pay 0.0050% / 4h	2h 30m	$685K	$53K	75x
Short	Gate A_USDT	0.09334	0.0100	get 0.0050% / 4h	2h 30m	$218K	$68K	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

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 −0.128%Rate

Funding earned: $0
Price spread: −0.128% → −0.081%: −$4.74
Slippage, 4 orders: −$1,050.12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,081.86
Costs to cover: 10.771%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Gate: live order book, 31 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, 9 min ago	17.75 bp	313.5 bp −$313	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 31 min ago	15.55 bp	258.8 bp −$259	doesn't fit	doesn't fit	doesn't fit

A on 10 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
Injective A/USDC PERP	+0.0033%	1h	0.08945	−4.291%	$1K	$5	5.5x	as long as short
Binance AUSDT	+0.0100%	4h	0.09341	−0.051%	$2.9M	$3.3M	75x	as long as short
Bybit AUSDT	+0.0100%	4h	0.09326	−0.214%	$3.2M	$1.0M	50x	as long as short
OKX A-USDT-SWAP	+0.0100%	4h	0.09338	−0.086%	$728K	$529K	10x	as long as short
Gate A_USDTshort	+0.0100%	4h	0.09334	−0.128%	$218K	$68K	50x
MEXC A_USDT	+0.0100%	4h	0.09345	−0.011%	$4.1M	$142K	100x	as long as short
KuCoin AUSDTMlong	+0.0100%	4h	0.09346	long leg	$685K	$53K	75x
Bitget AUSDT	+0.0100%	4h	0.09348	+0.021%	$921K	$246K	75x	as long as short
BingX A-USDT	+0.0100%	4h	0.09341	−0.053%	—	$6.5M	—	as long as short
Variational Omni A	+0.0100%	4h	0.09311	−0.374%	$1K	$1	—	as long as short