Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against KuCoin+0.022%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$347as in the Funding arb table

Net, price: spread back to 7d avg − costs−$328as in the Price arb table

costs, in and out, $10k−$3363.362% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.028%+$3 · spread now +0.022%, 7d avg −0.063%

Together, before fees−0.080%−$8 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 0.085% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARUSDTM	4.6190	0.0100	pay 0.0100% / 8h	6m 25s	$1.5M	$1.2M	50x
Short	Gate AR_USDT	4.6200	0.0100	get 0.0100% / 8h	6m 25s	$2.6M	$2.3M	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 +0.022%Rate

Funding earned: $0
Price spread: +0.022% → −0.063%: $8.48
Slippage, 4 orders: −$309.25
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$327.77
Costs to cover: 3.362%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Gate: live order book, 1 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, 4 min ago	5.40 bp	96.4 bp −$96	904.8 bp −$9,048	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	4.33 bp	72.1 bp −$72	242.7 bp −$2,427	doesn't fit	doesn't fit

AR 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
Kraken Futures PF_ARUSD	−0.1948%	1h	4.6196	+0.014%	$52K	$163K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0551%	1h	4.6214	+0.053%	$594K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0084%	8h	4.6130	−0.130%	$2.4M	$21.1M	20x	as long as short
Binance ARUSDT	+0.0005%	8h	4.6190	0.000%	$9.3M	$55.6M	75x	as long as short
MEXC AR_USDT	+0.0006%	8h	4.6190	0.000%	$6.7M	$4.5M	100x	as long as short
Extended AR-USD	+0.0008%	1h	4.6173	−0.036%	$38K	$237K	10x	as long as short
BloFin AR-USDT	+0.0028%	8h	4.6190	0.000%	$441K	$681K	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5720	−1.018%	$3K	$339	5.5x	as long as short
ApeX Omni ARUSDT	+0.0090%	1h	4.6230	+0.087%	$23K	$764K	50x	as long as short
Hyperliquid AR	+0.0100%	1h	4.6284	+0.204%	$4.3M	$4.9M	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ARUSDT	+0.0100%	8h	4.6240	+0.109%	$20K	$606K	10x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.6145	−0.097%	$4.6M	$8.8M	75x	as long as short
Gate AR_USDTshort	+0.0100%	8h	4.6200	+0.022%	$2.6M	$2.3M	50x
KuCoin ARUSDTMlong	+0.0100%	8h	4.6190	long leg	$1.5M	$1.2M	50x
Bitget ARUSDT	+0.0100%	8h	4.6150	−0.087%	$4.0M	$5.7M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.6150	−0.087%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.6124	−0.143%	$143K	$173K	—	as long as short