Funding arb · Price arb /

IO

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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: Gate against KuCoin+0.033%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$623as in the Funding arb table

Net, price: spread back to 7d avg − costs−$614as in the Price arb table

costs, in and out, $10k−$6196.190% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.033%, 7d avg −0.021%

Together, before fees+0.002%$0 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 0.054% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IOUSDTM	0.1512	0.0100	pay 0.0050% / 4h	28m 14s	$361K	$644K	50x
Short	Gate IO_USDT	0.1512	0.0100	get 0.0050% / 4h	28m 14s	$234K	$550K	50x

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 +0.033%Rate

Funding earned: $0
Price spread: +0.033% → −0.021%: $5.36
Slippage, 4 orders: −$591.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$613.59
Costs to cover: 6.190%
Break-even: never at this rate

Slippage from KuCoin: live order book, 56 min ago; Gate: live order book, 28 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, 56 min ago	3.29 bp	99.3 bp −$99	527.0 bp −$5,270	doesn't fit	doesn't fit
Sell Gate live order book, 28 min ago	5.28 bp	209.6 bp −$210	doesn't fit	doesn't fit	doesn't fit

IO 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
BloFin IO-USDT	+0.0099%	4h	0.1516	+0.265%	$192K	$39K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1512	−0.007%	$1.0M	$373K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1513	+0.080%	$23K	$49K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1511	−0.051%	$3.0M	$6.6M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1510	−0.146%	$1.1M	$909K	25x	as long as short
Gate IO_USDTshort	+0.0100%	4h	0.1512	+0.033%	$234K	$550K	50x
MEXC IO_USDT	+0.0100%	4h	0.1511	−0.066%	$1.2M	$228K	125x	as long as short
KuCoin IOUSDTMlong	+0.0100%	4h	0.1512	long leg	$361K	$644K	50x
Bitget IOUSDT	+0.0100%	4h	0.1513	+0.066%	$1.3M	$1.3M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1512	0.000%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1514	+0.115%	$33K	$13K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1512	−0.016%	$2K	$134K	5x	as long as short
Injective IO/USDC PERP	+0.0583%	1h	0.1505	−0.463%	$2K	$200	5.5x	as long as short
Kraken Futures PF_IOUSD	+3.7090%	1h	0.1516	+0.244%	$39K	$18K	10x	as long as short