Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Gate+0.243%7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$666as in the Funding arb table

Net, price: spread back to 7d avg − costs−$651as in the Price arb table

costs, in and out, $10k−$6636.635% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.243%, 7d avg +0.118%

Together, before fees−0.158%−$16 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 0.125% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate OPEN_USDT	0.1442	0.0100	pay 0.0100% / 8h	52m 37s	$824K	$183K	75x
Short	KuCoin OPENUSDTM	0.1446	0.0100	get 0.0050% / 4h	52m 37s	$2.4M	$54K	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 +0.243%Rate

Funding earned: $0
Price spread: +0.243% → +0.118%: $12.49
Slippage, 4 orders: −$636.49
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$651
Costs to cover: 6.635%
Break-even: never at this rate

Slippage from Gate: live order book, 49 min ago; KuCoin: live order book, 4 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, 49 min ago	6.91 bp	113.6 bp −$114	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	10.05 bp	236.9 bp −$237	doesn't fit	doesn't fit	doesn't fit

OPEN on 9 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 OPEN-USDT	+0.0046%	4h	0.1444	+0.139%	$677K	$12K	75x	as long as short
Aster OPENUSDT	+0.0100%	4h	0.1443	+0.059%	$252K	$2K	5x	as long as short
Binance OPENUSDT	+0.0100%	4h	0.1442	0.000%	$7.1M	$2.5M	75x	as long as short
Gate OPEN_USDTlong	+0.0100%	8h	0.1442	long leg	$824K	$183K	75x
KuCoin OPENUSDTMshort	+0.0100%	4h	0.1446	+0.243%	$2.4M	$54K	30x
Extended OPEN-USD	+0.0104%	1h	0.1442	+0.003%	$6K	$182K	5x	as long as short
Bitget OPENUSDT	+0.0212%	4h	0.1445	+0.208%	$2.2M	$153K	20x	as long as short
Kraken Futures PF_OPENUSD	+0.0712%	1h	0.1443	+0.050%	$14K	$55K	10x	as long as short
Bybit OPENUSDT	+0.0743%	4h	0.1444	+0.132%	$1.5M	$740K	25x	as long as short