Funding arb · Price arb /

FORM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.032%

Price spread now: gTrade (Gains Network) against KuCoin+1.101%165s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 1.101% dearer against KuCoin than usual: you sell high and buy low (spread +1.101% now, against zero (this spread has no 7-day history yet)): +$110 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 days. The two prices were read 165 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin FORMUSDTM	0.3139	0.0100	pay 0.0050% / 4h	3h 51m	$223K	$1.6M	30x
Short	gTrade (Gains Network) FORM/USD	0.3174	L −0.0007% / S +0.0008%	pay 0.0001% / 1h	51m 40s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +1.101%Rate

Funding earned: −$22.65
Price spread: +1.101% → 0.000%: $110.13
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: $65.48
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 4 min ago	22.17 bp	210.0 bp −$210	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

FORM 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
gTrade (Gains Network) FORM/USDshort	L −0.0007% / S +0.0008%	1h	0.3174	+1.101%	—	—	—
BloFin FORM-USDT	+0.0069%	4h	0.3136	−0.096%	$901K	$419K	50x	as long as short
Aster FORMUSDT	+0.0100%	4h	0.3146	+0.209%	$46K	$1.1M	5x	as long as short
Binance FORMUSDT	+0.0100%	4h	0.3144	+0.148%	$15.7M	$178.7M	50x	as long as short
Bybit FORMUSDT	+0.0100%	4h	0.3146	+0.217%	$1.7M	$15.1M	20x	as long as short
MEXC FORM_USDT	+0.0100%	4h	0.3143	+0.127%	$1.2M	$10.0M	100x	as long as short
KuCoin FORMUSDTMlong	+0.0100%	4h	0.3139	long leg	$223K	$1.6M	30x
Bitget FORMUSDT	+0.0100%	4h	0.3146	+0.223%	$1.0M	$10.9M	50x	as long as short
BingX FORM-USDT	+0.0100%	4h	0.3145	+0.191%	—	$3.9M	—	as long as short
Gate FORM_USDT	+0.1218%	4h	0.3143	+0.127%	$696K	$5.5M	50x	as long as short