Funding arb · Price arb /

BANANAS31

all BANANAS31 markets

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−0.064%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,438as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,444as in the Price arb table

costs, in and out, $10k−$1,43914.390% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now −0.064%, 7d avg −0.014%

Together, before fees+0.061%+$6 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 0.049% 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 −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BANANAS31USDTM	0.007868	0.0100	pay 0.0050% / 4h	27m 02s	$137K	$20K	25x
Short	Gate BANANAS31_USDT	0.007863	0.0100	get 0.0050% / 4h	27m 02s	$254K	$19K	20x

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 −0.064%Rate

Funding earned: $0
Price spread: −0.064% → −0.014%: −$4.93
Slippage, 4 orders: −$1,412.02
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,443.95
Costs to cover: 14.390%
Break-even: never at this rate

Slippage from KuCoin: live order book, 27 min ago; Gate: live order book, 45 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, 27 min ago	26.64 bp	998.2 bp −$998	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 45 min ago	9.57 bp	154.5 bp −$154	doesn't fit	doesn't fit	doesn't fit

BANANAS31 on 9 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
Aster BANANAS31USDT	+0.0100%	4h	0.007881	+0.160%	$18K	$2K	5x	as long as short
Binance BANANAS31USDT	+0.0100%	4h	0.007863	−0.064%	$5.8M	$1.5M	25x	as long as short
Bybit BANANAS31USDT	+0.0100%	4h	0.007880	+0.153%	$413K	$184K	20x	as long as short
Gate BANANAS31_USDTshort	+0.0100%	4h	0.007863	−0.064%	$254K	$19K	20x
MEXC BANANAS31_USDT	+0.0100%	4h	0.007863	−0.064%	$8.2M	$172K	100x	as long as short
KuCoin BANANAS31USDTMlong	+0.0100%	4h	0.007868	long leg	$137K	$20K	25x
Bitget BANANAS31USDT	+0.0100%	4h	0.007882	+0.178%	$354K	$138K	25x	as long as short
BingX BANANAS31-USDT	+0.0100%	4h	0.007871	+0.038%	—	$2.3M	—	as long as short
Variational Omni BANANAS31	+0.0100%	4h	0.007884	+0.205%	$7K	$6K	—	as long as short