Funding arb · Price arb /

CROSS

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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 0.000%

Price spread now: KuCoin against Gate−0.188%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2,892as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,914as in the Price arb table

costs, in and out, $10k−$2,90129.011% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 4 days (all we have)+0.207%+$21 · spread now −0.188%, 7d avg −0.055%

Together, before fees+0.297%+$30 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 0.132% cheaper against Gate than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CROSS_USDT	0.1492	0.0100	pay 0.0050% / 4h	2h 05m	$185K	$49K	20x
Short	KuCoin CROSSUSDTM	0.1489	0.0100	get 0.0050% / 4h	2h 05m	$271K	$31K	20x

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 −0.188%Rate

Funding earned: $0
Price spread: −0.188% → −0.055%: −$13.23
Slippage, 4 orders: −$2,874.08
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$2,914.31
Costs to cover: 29.011%
Break-even: never at this rate

Slippage from Gate: live order book, 55 min ago; KuCoin: live order book, 30 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, 55 min ago	11.00 bp	396.0 bp −$396	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 30 min ago	39.32 bp	634.9 bp −$635	doesn't fit	doesn't fit	doesn't fit

CROSS 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
Binance CROSSUSDT	+0.0100%	4h	0.1489	−0.208%	$1.6M	$3.1M	40x	as long as short
Bybit CROSSUSDT	+0.0100%	4h	0.1489	−0.181%	$677K	$645K	20x	as long as short
Gate CROSS_USDTlong	+0.0100%	4h	0.1492	long leg	$185K	$49K	20x
MEXC CROSS_USDT	+0.0100%	4h	0.1489	−0.188%	$320K	$158K	100x	as long as short
KuCoin CROSSUSDTMshort	+0.0100%	4h	0.1489	−0.188%	$271K	$31K	20x
Bitget CROSSUSDT	+0.0100%	4h	0.1489	−0.208%	$1.3M	$205K	20x	as long as short
BingX CROSS-USDT	+0.0100%	4h	0.1490	−0.134%	—	$1.3M	—	as long as short
Variational Omni CROSS	+0.0100%	4h	0.1489	−0.188%	$686	$2K	—	as long as short