Funding arb · Price arb /

MIRA

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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 −0.003%

Price spread now: Gate against KuCoin+0.007%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$822as in the Funding arb table

Net, price: spread back to 7d avg − costs−$794as in the Price arb table

costs, in and out, $10k−$7987.985% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.236%−$24 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now +0.007%, 7d avg −0.041%

Together, before fees−0.308%−$31 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 0.048% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin MIRAUSDTM	0.05483	0.0100	pay 0.0050% / 4h	3h 48m	$823K	$111K	50x
Short	Gate MIRA_USDT	0.05483	0.0100	get 0.0050% / 4h	3h 48m	$251K	$244K	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 +0.007%Rate

Funding earned: $0
Price spread: +0.007% → −0.041%: $4.83
Slippage, 4 orders: −$771.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$793.62
Costs to cover: 7.985%
Break-even: never at this rate

Slippage from KuCoin: live order book, 41 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, 41 min ago	13.40 bp	417.9 bp −$418	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	8.21 bp	45.4 bp −$45	doesn't fit	doesn't fit	doesn't fit

MIRA on 8 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
Kraken Futures PF_MIRAUSD	−0.0124%	1h	0.05492	+0.169%	$5K	$21K	10x	as long as short
Binance MIRAUSDT	+0.0100%	4h	0.05489	+0.117%	$2.6M	$8.8M	50x	as long as short
Bybit MIRAUSDT	+0.0100%	4h	0.05494	+0.208%	$1.1M	$1.9M	25x	as long as short
Gate MIRA_USDTshort	+0.0100%	4h	0.05483	+0.007%	$251K	$244K	25x
MEXC MIRA_USDT	+0.0100%	4h	0.05487	+0.080%	$214K	$161K	20x	as long as short
KuCoin MIRAUSDTMlong	+0.0100%	4h	0.05483	long leg	$823K	$111K	50x
Bitget MIRAUSDT	+0.0100%	4h	0.05490	+0.135%	$779K	$481K	20x	as long as short
BloFin MIRA-USDT	+0.0148%	4h	0.05481	−0.029%	$240K	$16K	50x	as long as short