Funding arb · Price arb /

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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−0.134%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$938as in the Funding arb table

Net, price: spread back to 7d avg − costs−$950as in the Price arb table

costs, in and out, $10k−$9379.366% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now −0.134%, 7d avg −0.002%

Together, before fees+0.014%+$1 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 0.132% 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 −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BASED_USDT	0.06724	0.0100	pay 0.0050% / 4h	3h 01m	$535K	$519K	50x
Short	KuCoin BASEDUSDTM	0.06715	0.0100	get 0.0050% / 4h	3h 01m	$566K	$109K	20x

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 −0.134%Rate

Funding earned: $0
Price spread: −0.134% → −0.002%: −$13.21
Slippage, 4 orders: −$909.56
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$949.77
Costs to cover: 9.366%
Break-even: never at this rate

Slippage from Gate: live order book, 24 min ago; KuCoin: live order book, 20 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, 24 min ago	6.69 bp	31.4 bp −$31	6180.1 bp −$61.8K	doesn't fit	doesn't fit
Sell KuCoin live order book, 20 min ago	13.40 bp	403.6 bp −$404	912.6 bp −$9,126	doesn't fit	doesn't fit

BASED on 15 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
BloFin BASED-USDT	+0.0046%	4h	0.06732	+0.119%	$252K	$37K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06723	−0.010%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06730	+0.082%	$4.1M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06715	−0.134%	$2.1M	$575K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06719	−0.074%	$2.6M	$3.3M	20x	as long as short
Gate BASED_USDTlong	+0.0100%	4h	0.06724	long leg	$535K	$519K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06729	+0.074%	$4.8M	$648K	50x	as long as short
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06715	−0.134%	$566K	$109K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06721	−0.045%	$1.3M	$371K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06724	0.000%	—	$1.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06717	−0.109%	$92K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06728	+0.053%	$93K	$379K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06717	−0.104%	$1K	$791K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06725	+0.019%	$5K	$226K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0230%	4h	0.06724	0.000%	$3K	$745	10x	as long as short