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: Gate against KuCoin+0.217%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,599as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,588as in the Price arb table

costs, in and out, $10k−$1,60016.003% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.217%, 7d avg +0.095%

Together, before fees−0.029%−$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: Gate is 0.122% dearer against KuCoin than usual: you sell high and buy low, +$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	KuCoin CLANKERUSDTM	13.810	0.0100	pay 0.0050% / 4h	1h 58m	$333K	$153K	25x
Short	Gate CLANKER_USDT	13.840	0.0100	get 0.0050% / 4h	1h 58m	$121K	$157K	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 +0.217%Rate

Funding earned: $0
Price spread: +0.217% → +0.095%: $12.23
Slippage, 4 orders: −$1,573.28
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,588.05
Costs to cover: 16.003%
Break-even: never at this rate

Slippage from KuCoin: live order book, 59 min ago; Gate: live order book, 42 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, 59 min ago	54.81 bp	448.2 bp −$448	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 42 min ago	18.32 bp	286.7 bp −$287	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
BloFin CLANKER-USDT	+0.0071%	4h	13.850	+0.290%	$119K	$21K	25x	as long as short
Binance CLANKERUSDT	+0.0100%	4h	13.840	+0.217%	$1.8M	$5.3M	25x	as long as short
Bybit CLANKERUSDT	+0.0100%	4h	13.835	+0.181%	$653K	$1.0M	20x	as long as short
Gate CLANKER_USDTshort	+0.0100%	4h	13.840	+0.217%	$121K	$157K	25x
MEXC CLANKER_USDT	+0.0100%	4h	13.840	+0.217%	$374K	$242K	50x	as long as short
KuCoin CLANKERUSDTMlong	+0.0100%	4h	13.810	long leg	$333K	$153K	25x
Bitget CLANKERUSDT	+0.0100%	4h	13.830	+0.145%	$633K	$521K	20x	as long as short
BingX CLANKER-USDT	+0.0100%	4h	13.840	+0.217%	—	$6.8M	—	as long as short
Variational Omni CLANKER	+0.0100%	4h	13.837	+0.195%	$27K	$25K	—	as long as short
Aster CLANKERUSDT	+0.0326%	4h	13.842	+0.231%	$17K	$32K	5x	as long as short