Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: KuCoin against Gate−0.028%7-day average +0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$928as in the Funding arb table

Net, price: spread back to 7d avg − costs−$960as in the Price arb table

costs, in and out, $10k−$9529.521% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.242%+$24 on $10k

Price spread, last 7 days+0.091%+$9 · spread now −0.028%, 7d avg +0.052%

Together, before fees+0.333%+$33 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 0.081% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate H_USDT	0.07023	0.0100	pay 0.0050% / 4h	52m 50s	$2.9M	$1.8M	10x
Short	KuCoin HUSDTM	0.07021	0.0100	get 0.0050% / 4h	52m 50s	$1.6M	$10.1M	8x

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 −0.028%Rate

Funding earned: $0
Price spread: −0.028% → +0.052%: −$8.08
Slippage, 4 orders: −$925.15
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$960.23
Costs to cover: 9.521%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago	6.44 bp	116.9 bp −$117	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	3.58 bp	280.5 bp −$281	doesn't fit	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−11.007%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0093%	4h	0.07039	+0.228%	$591K	$117K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.07013	−0.143%	$116K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07030	+0.106%	$15.1M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07024	+0.014%	$7.7M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07048	+0.356%	$1.7M	$5.9M	10x	as long as short
Gate H_USDTlong	+0.0100%	4h	0.07023	long leg	$2.9M	$1.8M	10x
MEXC H_USDT	+0.0100%	4h	0.07025	+0.028%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTMshort	+0.0100%	4h	0.07021	−0.028%	$1.6M	$10.1M	8x
Bitget HUSDT	+0.0100%	4h	0.07020	−0.043%	$1.7M	$448K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.07024	+0.014%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06997	−0.377%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07012	−0.156%	$1.2M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07024	+0.007%	$12K	$107K	5x	as long as short