Settings8H · net · $10k
Funding arb · Price arb /

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Gate−0.238%7-day average −0.091% · you buy dearer than you sell
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$1751.750% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.119%+$12 on $10k
Price spread, last 4 days (all we have)+0.134%+$13 · spread now −0.238%, 7d avg −0.091%
Together, before fees+0.253%+$25 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 0.146% cheaper against Gate than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.091%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate GMT_USDT0.0084100.0100pay 0.0100% / 8h7h 40m$145K$105K50x
ShortKuCoin GMTUSDTM0.0083900.0100get 0.0050% / 4h3h 40m$245K$98K50x

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

Funding earned
$0
Price spread: −0.238% → −0.091%
−$14.64
Slippage, 4 orders
−$148.05
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$189.69
Costs to cover
1.750%
Break-even
never at this rate
Slippage from Gate: live order book, 25 min ago; KuCoin: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 25 min ago11.95 bp34.7 bp −$35doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 10 min ago11.95 bp49.8 bp −$50232.8 bp −$2,328doesn't fitdoesn't fit

GMT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GMTUSD−0.1375%1h0.008415+0.060%$46K$11K20xas long as short
Hyperliquid GMT+0.0100%1h0.008409−0.012%$125K$124K3xas long as short
Aster GMTUSDT+0.0100%4h0.008408−0.018%$8K$14K10xas long as short
Binance GMTUSDT+0.0100%4h0.008409−0.012%$2.7M$3.1M50xas long as short
Bybit GMTUSDT+0.0100%8h0.008402−0.095%$1.1M$1.1M50xas long as short
OKX GMT-USDT-SWAP+0.0100%4h0.008408−0.024%$352K$571K20xas long as short
Gate GMT_USDTlong+0.0100%8h0.008410long leg$145K$105K50x
MEXC GMT_USDT+0.0100%4h0.008409−0.012%$426K$185K20xas long as short
KuCoin GMTUSDTMshort+0.0100%4h0.008390−0.238%$245K$98K50x
Bitget GMTUSDT+0.0100%4h0.008405−0.059%$675K$397K50xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GMT-USDT+0.0100%4h0.008404−0.071%$1.2Mas long as short
Variational Omni GMT+0.0100%8h0.008399−0.128%$3K$5Kas long as short