Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.031%

Price spread now: KuCoin against Gate−0.066%7-day average +0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$342as in the Funding arb table

Net, price: spread back to 7d avg − costs−$366as in the Price arb table

costs, in and out, $10k−$3533.530% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.066%, 7d avg +0.062%

Together, before fees+0.149%+$15 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: KuCoin is 0.129% cheaper against Gate than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AR_USDT	4.5360	0.0100	pay 0.0100% / 8h	6h 06m	$2.5M	$2.2M	50x
Short	KuCoin ARUSDTM	4.5330	0.0100	get 0.0100% / 8h	6h 06m	$1.4M	$1.1M	50x

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 −0.066%Rate

Funding earned: $0
Price spread: −0.066% → +0.062%: −$12.85
Slippage, 4 orders: −$325.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$365.81
Costs to cover: 3.530%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; KuCoin: 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 Gate live order book, 2 min ago	5.51 bp	73.0 bp −$73	256.9 bp −$2,569	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	4.41 bp	91.9 bp −$92	489.2 bp −$4,892	doesn't fit	doesn't fit

AR on 16 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
Kraken Futures PF_ARUSD	−0.1683%	1h	4.5518	+0.349%	$56K	$149K	20x	as long as short
Injective AR/USDC PERP	−0.0353%	1h	4.6110	+1.653%	$2K	$2K	5.5x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5375	+0.032%	$583K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0100%	8h	4.5330	−0.066%	$2.3M	$19.2M	20x	as long as short
Extended AR-USD	+0.0072%	1h	4.5341	−0.042%	$37K	$240K	10x	as long as short
MEXC AR_USDT	+0.0072%	8h	4.5360	0.000%	$6.5M	$4.3M	100x	as long as short
Binance ARUSDT	+0.0075%	8h	4.5350	−0.022%	$9.0M	$52.4M	75x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5422	+0.137%	$4.1M	$4.6M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5382	+0.048%	$19K	$500K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5354	−0.013%	$4.7M	$8.5M	75x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDTlong	+0.0100%	8h	4.5360	long leg	$2.5M	$2.2M	50x
KuCoin ARUSDTMshort	+0.0100%	8h	4.5330	−0.066%	$1.4M	$1.1M	50x
Bitget ARUSDT	+0.0100%	8h	4.5290	−0.154%	$3.9M	$5.4M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5330	−0.066%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5342	−0.040%	$235K	$261K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5260	−0.220%	$20K	$749K	50x	as long as short