Funding arb · Price arb /

MEME

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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: KuCoin against Gate+0.179%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$491as in the Funding arb table

Net, price: spread back to 7d avg − costs−$471as in the Price arb table

costs, in and out, $10k−$4904.897% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.179%, 7d avg −0.004%

Together, before fees−0.215%−$21 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 0.184% dearer against Gate than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate MEME_USDT	0.0006139	0.0100	pay 0.0050% / 4h	2h 06m	$427K	$79K	20x
Short	KuCoin MEMEUSDTM	0.0006150	0.0100	get 0.0050% / 4h	2h 06m	$185K	$53K	30x

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 +0.179%Rate

Funding earned: $0
Price spread: +0.179% → −0.004%: $18.36
Slippage, 4 orders: −$462.7
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$471.34
Costs to cover: 4.897%
Break-even: never at this rate

Slippage from Gate: live order book, 59 min ago; KuCoin: live order book, 29 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, 59 min ago	7.18 bp	29.7 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 29 min ago	15.22 bp	145.0 bp −$145	doesn't fit	doesn't fit	doesn't fit

MEME 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
GMX MEME/USD [WBTC.b-USDC]	L 0.0000% / S 0.0000%	1h	0.0006140	+0.016%	—	—	100x	as long as short
Hyperliquid MEME	+0.0100%	1h	0.0006150	+0.179%	$568K	$161K	3x	as long as short
Binance MEMEUSDT	+0.0100%	4h	0.0006148	+0.143%	$2.5M	$4.8M	50x	as long as short
Bybit MEMEUSDT	+0.0100%	4h	0.0006144	+0.081%	$1.2M	$634K	50x	as long as short
OKX MEME-USDT-SWAP	+0.0100%	4h	0.0006137	−0.033%	$630K	$2.1M	20x	as long as short
Gate MEME_USDTlong	+0.0100%	4h	0.0006139	long leg	$427K	$79K	20x
MEXC MEME_USDT	+0.0100%	4h	0.0006147	+0.130%	$866K	$389K	50x	as long as short
KuCoin MEMEUSDTMshort	+0.0100%	4h	0.0006150	+0.179%	$185K	$53K	30x
Bitget MEMEUSDT	+0.0100%	4h	0.0006146	+0.114%	$439K	$757K	25x	as long as short
BingX MEME-USDT	+0.0100%	4h	0.0006144	+0.081%	—	$2.4M	—	as long as short