Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0740%/8h= +81.0% APRpaid last 24h +0.090%

Price spread now: KuCoin against Gate+0.243%7-day average +0.132% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$140as in the Price arb table

costs, in and out, $10k−$1511.512% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.336%+$34 on $10k

Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.243%, 7d avg +0.132%

Together, before fees+0.287%+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and KuCoin is 0.111% dearer against Gate than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.132%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.336% in total (about 17.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BEAT_USDT	0.08640	0.0100	pay 0.0100% / 8h	1h 22m	$3.2M	$2.0M	20x
Short	KuCoin BEATUSDTM	0.08661	0.0840	get 0.0420% / 4h	1h 22m	$2.5M	$1.1M	25x

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 +0.243%Rate

Funding earned: $155.4
Price spread: +0.243% → +0.132%: $11.12
Slippage, 4 orders: −$124.23
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $15.29
Costs to cover: 1.512%
Break-even: 6.3 days

Slippage from Gate: live order book, 5 min ago; KuCoin: live order book, 4 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, 5 min ago	5.80 bp	30.1 bp −$30	90.0 bp −$900	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	5.78 bp	47.4 bp −$47	doesn't fit	doesn't fit	doesn't fit

BEAT 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
Aster BEATUSDT	+0.0100%	4h	0.08658	+0.209%	$48K	$30K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08659	+0.220%	$4.6M	$2.1M	25x	as long as short
Gate BEAT_USDTlong	+0.0100%	8h	0.08640	long leg	$3.2M	$2.0M	20x
Variational Omni BEAT	+0.0100%	4h	0.08637	−0.030%	$33K	$587	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08674	+0.394%	$1K	$1.3M	20x	as long as short
OKX BEAT-USDT-SWAP	+0.0149%	4h	0.08664	+0.278%	$4.2M	$9.9M	10x	as long as short
HTX BEAT-USDT	+0.0252%	4h	0.08707	+0.775%	$120K	$65K	20x	as long as short
Bitget BEATUSDT	+0.0256%	4h	0.08670	+0.347%	$1.3M	$1.2M	10x	as long as short
MEXC BEAT_USDT	+0.0302%	4h	0.08660	+0.231%	$5.8M	$2.4M	100x	as long as short
edgeX BEATUSDC	+0.0303%	4h	0.08643	+0.031%	$4K	$165K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BEAT-USDT	+0.0304%	4h	0.08660	+0.231%	—	$7.6M	—	as long as short
Binance BEATUSDT	+0.0310%	4h	0.08660	+0.231%	$8.1M	$10.7M	10x	as long as short
Extended BEAT-USD	+0.0312%	1h	0.08658	+0.212%	$5K	$221K	5x	as long as short
BloFin BEAT-USDT	+0.0314%	4h	0.08680	+0.463%	$490K	$49K	10x	as long as short
KuCoin BEATUSDTMshort	+0.0840%	4h	0.08661	+0.243%	$2.5M	$1.1M	25x