Funding arb · Price arb /

H

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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 +0.002%

Price spread now: Gate against KuCoin+0.072%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$941as in the Funding arb table

Net, price: spread back to 7d avg − costs−$906as in the Price arb table

costs, in and out, $10k−$9189.179% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.235%−$23 on $10k

Price spread, last 7 days−0.178%−$18 · spread now +0.072%, 7d avg −0.051%

Together, before fees−0.413%−$41 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 0.123% dearer against KuCoin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin HUSDTM	0.06936	0.0100	pay 0.0050% / 4h	2h 20m	$1.6M	$10.1M	8x
Short	Gate H_USDT	0.06941	0.0100	get 0.0050% / 4h	2h 20m	$2.8M	$1.8M	10x

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 +0.072%Rate

Funding earned: $0
Price spread: +0.072% → −0.051%: $12.28
Slippage, 4 orders: −$890.94
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$905.66
Costs to cover: 9.179%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Gate: live order book, 2 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, 3 min ago	3.63 bp	364.1 bp −$364	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	6.53 bp	164.6 bp −$165	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	−9.890%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06949	+0.186%	$113K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06967	+0.440%	$14.9M	$11.0M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06952	+0.231%	$7.7M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06977	+0.591%	$1.8M	$6.5M	10x	as long as short
Gate H_USDTshort	+0.0100%	4h	0.06941	+0.072%	$2.8M	$1.8M	10x
MEXC H_USDT	+0.0100%	4h	0.06945	+0.130%	$6.1M	$1.2M	20x	as long as short
KuCoin HUSDTMlong	+0.0100%	4h	0.06936	long leg	$1.6M	$10.1M	8x
Bitget HUSDT	+0.0100%	4h	0.06951	+0.216%	$1.7M	$448K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06953	+0.245%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06926	−0.147%	$8K	$5K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06899	−0.534%	$1.1M	$438K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06945	+0.132%	$9K	$92K	5x	as long as short
BloFin H-USDT	+0.0141%	4h	0.06939	+0.043%	$595K	$114K	25x	as long as short