Funding arb · Price arb /

LYN

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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 +0.091%

Price spread now: Gate against KuCoin+0.051%7-day average +0.208% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2,240as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,305as in the Price arb table

costs, in and out, $10k−$2,28922.892% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.495%+$50 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.051%, 7d avg +0.208%

Together, before fees+0.525%+$53 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 0.157% cheaper against KuCoin than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.208%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LYNUSDTM	0.03931	0.0100	pay 0.0050% / 4h	3h 40m	$1.2M	$187K	10x
Short	Gate LYN_USDT	0.03933	0.0100	get 0.0050% / 4h	3h 40m	$270K	$223K	25x

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 +0.051%Rate

Funding earned: $0
Price spread: +0.051% → +0.208%: −$15.75
Slippage, 4 orders: −$2,262.24
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$2,304.99
Costs to cover: 22.892%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, 27 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, 5 min ago	50.97 bp	726.4 bp −$726	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 27 min ago	10.24 bp	548.3 bp −$548	doesn't fit	doesn't fit	doesn't fit

LYN 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
Aster LYNUSDT	+0.0100%	4h	0.03918	−0.337%	$24K	$24K	5x	as long as short
Binance LYNUSDT	+0.0100%	4h	0.03926	−0.118%	$6.1M	$8.3M	10x	as long as short
Gate LYN_USDTshort	+0.0100%	4h	0.03933	+0.051%	$270K	$223K	25x
MEXC LYN_USDT	+0.0100%	4h	0.03927	−0.102%	$1.1M	$404K	50x	as long as short
KuCoin LYNUSDTMlong	+0.0100%	4h	0.03931	long leg	$1.2M	$187K	10x
Bitget LYNUSDT	+0.0100%	4h	0.03943	+0.305%	$1.7M	$592K	10x	as long as short
BingX LYN-USDT	+0.0100%	4h	0.03933	+0.051%	—	$6.6M	—	as long as short
Extended LYN-USD	+0.0104%	1h	0.03925	−0.156%	$6K	$162K	5x	as long as short
BloFin LYN-USDT	+0.0340%	4h	0.03927	−0.102%	$402K	$10K	20x	as long as short
Bybit LYNUSDT	+0.0974%	4h	0.03938	+0.178%	$1.7M	$1.8M	25x	as long as short