Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.010%

Price spread now: KuCoin against Gate−0.218%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,602as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,613as in the Price arb table

costs, in and out, $10k−$1,60016.003% 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)+0.044%+$4 · spread now −0.218%, 7d avg −0.095%

Together, before fees+0.030%+$3 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 0.124% cheaper against Gate than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CLANKER_USDT	13.730	0.0100	pay 0.0050% / 4h	2h 36m	$121K	$159K	25x
Short	KuCoin CLANKERUSDTM	13.700	0.0100	get 0.0050% / 4h	2h 36m	$330K	$158K	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 −0.218%Rate

Funding earned: $0
Price spread: −0.218% → −0.095%: −$12.36
Slippage, 4 orders: −$1,573.28
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,612.64
Costs to cover: 16.003%
Break-even: never at this rate

Slippage from Gate: live order book, 4 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, 4 min ago	18.32 bp	436.4 bp −$436	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 20 min ago	54.81 bp	428.9 bp −$429	doesn't fit	doesn't fit	doesn't fit

CLANKER on 10 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
Binance CLANKERUSDT	+0.0100%	4h	13.780	+0.364%	$1.8M	$5.3M	25x	as long as short
Bybit CLANKERUSDT	+0.0100%	4h	13.802	+0.524%	$649K	$1.0M	20x	as long as short
Gate CLANKER_USDTlong	+0.0100%	4h	13.730	long leg	$121K	$159K	25x
MEXC CLANKER_USDT	+0.0100%	4h	13.780	+0.364%	$377K	$248K	50x	as long as short
KuCoin CLANKERUSDTMshort	+0.0100%	4h	13.700	−0.218%	$330K	$158K	25x
Bitget CLANKERUSDT	+0.0100%	4h	13.800	+0.510%	$631K	$519K	20x	as long as short
BingX CLANKER-USDT	+0.0100%	4h	13.800	+0.510%	—	$6.8M	—	as long as short
Variational Omni CLANKER	+0.0100%	4h	13.704	−0.187%	$27K	$25K	—	as long as short
BloFin CLANKER-USDT	+0.0127%	4h	13.750	+0.146%	$119K	$21K	25x	as long as short
Aster CLANKERUSDT	+0.0287%	4h	13.739	+0.062%	$16K	$32K	5x	as long as short