Funding arb · Price arb /

BMT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: Gate against KuCoin−0.199%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$2272.265% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)+0.145%+$15 · spread now −0.199%, 7d avg −0.021%

Together, before fees+0.192%+$19 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 0.178% cheaper against KuCoin than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BMTUSDTM	0.02015	0.0100	pay 0.0050% / 4h	1h 15m	$616K	$72K	20x
Short	Gate BMT_USDT	0.02011	0.0100	get 0.0050% / 4h	1h 15m	$173K	$196K	25x

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 −0.199%Rate

Funding earned: $0
Price spread: −0.199% → −0.021%: −$17.77
Slippage, 4 orders: −$199.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$244.27
Costs to cover: 2.265%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; Gate: live order book, 40 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, 8 min ago	4.97 bp	43.7 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 40 min ago	4.98 bp	53.3 bp −$53	256.2 bp −$2,562	doesn't fit	doesn't fit

BMT on 8 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 BMTUSDT	+0.0100%	4h	0.02011	−0.176%	$44K	$10K	5x	as long as short
Binance BMTUSDT	+0.0100%	4h	0.02011	−0.212%	$2.3M	$2.3M	20x	as long as short
Bybit BMTUSDT	+0.0100%	4h	0.02011	−0.223%	$973K	$384K	5x	as long as short
Gate BMT_USDTshort	+0.0100%	4h	0.02011	−0.199%	$173K	$196K	25x
MEXC BMT_USDT	+0.0100%	4h	0.02010	−0.248%	$205K	$140K	100x	as long as short
KuCoin BMTUSDTMlong	+0.0100%	4h	0.02015	long leg	$616K	$72K	20x
BingX BMT-USDT	+0.0100%	4h	0.02010	−0.248%	—	$2.3M	—	as long as short
Variational Omni BMT	+0.0100%	4h	0.02013	−0.094%	$52K	$26K	—	as long as short