Funding arb · Price arb /

ATH

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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 0.000%

Price spread now: KuCoin against Gate−0.108%7-day average +0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$308as in the Funding arb table

Net, price: spread back to 7d avg − costs−$322as in the Price arb table

costs, in and out, $10k−$3043.044% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)+0.198%+$20 · spread now −0.108%, 7d avg +0.064%

Together, before fees+0.164%+$16 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 0.172% cheaper against Gate than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ATH_USDT	0.005574	0.0100	pay 0.0050% / 4h	2h 35m	$798K	$528K	30x
Short	KuCoin ATHUSDTM	0.005568	0.0100	get 0.0050% / 4h	2h 35m	$559K	$84K	30x

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 −0.108%Rate

Funding earned: $0
Price spread: −0.108% → +0.064%: −$17.17
Slippage, 4 orders: −$277.4
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$321.57
Costs to cover: 3.044%
Break-even: never at this rate

Slippage from Gate: live order book, 50 min ago; KuCoin: live order book, 46 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, 50 min ago	6.34 bp	67.5 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 46 min ago	12.76 bp	77.6 bp −$78	doesn't fit	doesn't fit	doesn't fit

ATH on 13 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_ATHUSD	−0.3520%	1h	0.005565	−0.164%	$20K	$107K	10x	as long as short
Variational Omni ATH	−0.0226%	4h	0.005529	−0.807%	$186K	$94K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005577	+0.062%	$11K	$16	5x	as long as short
OKX ATH-USDT-SWAP	+0.0001%	4h	0.005570	−0.072%	$715K	$1.2M	20x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005584	+0.175%	$7K	$34K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005582	+0.144%	$3.4M	$3.8M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005570	−0.072%	$4.5M	$2.3M	25x	as long as short
Gate ATH_USDTlong	+0.0100%	4h	0.005574	long leg	$798K	$528K	30x
MEXC ATH_USDT	+0.0100%	4h	0.005582	+0.144%	$8.9M	$662K	50x	as long as short
KuCoin ATHUSDTMshort	+0.0100%	4h	0.005568	−0.108%	$559K	$84K	30x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005578	+0.072%	$1.6M	$805K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005577	+0.054%	—	$21.7M	—	as long as short
BloFin ATH-USDT	+0.0138%	4h	0.005566	−0.144%	$172K	$58K	75x	as long as short