Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h −0.121%

Price spread now: Gate against KuCoin−0.023%7-day average −0.129% · you buy dearer than you sell

Net, funding: paid 7d − costs−$207as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1701.704% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.368%−$37 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now −0.023%, 7d avg −0.129%

Together, before fees−0.500%−$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Gate is 0.106% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.129%. Mind the row above: over the last 7 days funding on this pair cost −0.368%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BEATUSDTM	0.08732	0.0492	pay 0.0246% / 4h	2h 28m	$2.4M	$1.2M	25x
Short	Gate BEAT_USDT	0.08730	0.0653	get 0.0653% / 8h	6h 28m	$3.2M	$2.0M	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 −0.023%Rate

Funding earned: $33.81
Price spread: −0.023% → −0.129%: $10.63
Slippage, 4 orders: −$143.44
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$126
Costs to cover: 1.704%
Break-even: 33.1 days

Slippage from KuCoin: live order book, 3 min ago; Gate: 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 KuCoin live order book, 3 min ago	6.86 bp	77.0 bp −$77	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	5.71 bp	21.6 bp −$22	180.1 bp −$1,801	doesn't fit	doesn't fit

BEAT on 14 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	0.08729	−0.034%	$48K	$33K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08732	0.000%	$4.7M	$2.2M	25x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08759	+0.305%	$34K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08732	0.000%	$2K	$1.4M	20x	as long as short
HTX BEAT-USDT	+0.0246%	4h	0.08801	+0.790%	$121K	$67K	20x	as long as short
OKX BEAT-USDT-SWAP	+0.0317%	4h	0.08748	+0.183%	$4.1M	$10.8M	10x	as long as short
edgeX BEATUSDC	+0.0433%	4h	0.08758	+0.303%	$4K	$166K	10x	as long as short
MEXC BEAT_USDT	+0.0438%	4h	0.08730	−0.023%	$5.7M	$2.6M	100x	as long as short
Binance BEATUSDT	+0.0439%	4h	0.08735	+0.036%	$8.1M	$11.5M	10x	as long as short
Extended BEAT-USD	+0.0440%	1h	0.08726	−0.073%	$5K	$225K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BEAT-USDT	+0.0470%	4h	0.08730	−0.023%	—	$7.6M	—	as long as short
KuCoin BEATUSDTMlong	+0.0492%	4h	0.08732	long leg	$2.4M	$1.2M	25x
Bitget BEATUSDT	+0.0500%	4h	0.08740	+0.092%	$1.3M	$1.2M	10x	as long as short
Gate BEAT_USDTshort	+0.0653%	8h	0.08730	−0.023%	$3.2M	$2.0M	20x