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: Gate against KuCoin−0.036%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$457as in the Funding arb table

Net, price: spread back to 7d avg − costs−$457as in the Price arb table

costs, in and out, $10k−$4604.601% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.036%, 7d avg −0.063%

Together, before fees−0.004%$0 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 0.027% dearer against KuCoin than usual: you sell high and buy low, +$3 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 ATHUSDTM	0.005555	0.0100	pay 0.0050% / 4h	1h 11m	$569K	$77K	30x
Short	Gate ATH_USDT	0.005553	0.0100	get 0.0050% / 4h	1h 11m	$792K	$523K	30x

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 −0.036%Rate

Funding earned: $0
Price spread: −0.036% → −0.063%: $2.66
Slippage, 4 orders: −$433.07
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$457.41
Costs to cover: 4.601%
Break-even: never at this rate

Slippage from KuCoin: live order book, 62 min ago; Gate: 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 KuCoin live order book, 62 min ago	9.84 bp	129.4 bp −$129	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	6.30 bp	75.4 bp −$75	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	−0.4646%	1h	0.005555	−0.001%	$19K	$106K	10x	as long as short
dYdX ATH-USD	−0.0006%	1h	0.005574	+0.346%	$11K	$16	5x	as long as short
Variational Omni ATH	+0.0052%	4h	0.005545	−0.183%	$186K	$94K	—	as long as short
OKX ATH-USDT-SWAP	+0.0084%	4h	0.005548	−0.126%	$704K	$1.2M	20x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005558	+0.055%	$4K	$37K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005558	+0.060%	$3.4M	$3.8M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005547	−0.144%	$4.4M	$2.3M	25x	as long as short
Gate ATH_USDTshort	+0.0100%	4h	0.005553	−0.036%	$792K	$523K	30x
MEXC ATH_USDT	+0.0100%	4h	0.005560	+0.090%	$8.9M	$660K	50x	as long as short
KuCoin ATHUSDTMlong	+0.0100%	4h	0.005555	long leg	$569K	$77K	30x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005556	+0.018%	$1.6M	$793K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005553	−0.036%	—	$21.9M	—	as long as short
BloFin ATH-USDT	+0.0102%	4h	0.005560	+0.090%	$172K	$60K	75x	as long as short