Settings8H · net · $10k
Funding arb · Price arb /

OPEN

all OPEN markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against KuCoin+0.021%7-day average −0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,151as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,139as in the Price arb table
costs, in and out, $10k−$1,15311.534% of the position
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)−0.131%−$13 · spread now +0.021%, 7d avg −0.120%
Together, before fees−0.111%−$11 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 0.140% dearer against KuCoin than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.120%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin OPENUSDTM0.14410.0100pay 0.0050% / 4h3m 34s$2.4M$46K30x
ShortGate OPEN_USDT0.14410.0100get 0.0100% / 8h4h 03m$828K$199K75x

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

Funding earned
$0
Price spread: +0.021% → −0.120%
$14.03
Slippage, 4 orders
−$1,126.42
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$1,139.38
Costs to cover
11.534%
Break-even
never at this rate
Slippage from KuCoin: live order book, 3 min ago; Gate: live order book, 53 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 3 min ago19.08 bp508.3 bp −$508doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 53 min ago3.46 bp99.7 bp −$100866.9 bp −$8,669doesn't fitdoesn't fit

OPEN on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster OPENUSDT+0.0100%4h0.1440−0.043%$252K$4K5xas long as short
Binance OPENUSDT+0.0100%4h0.1442+0.076%$7.1M$2.5M75xas long as short
Gate OPEN_USDTshort+0.0100%8h0.1441+0.021%$828K$199K75x
KuCoin OPENUSDTMlong+0.0100%4h0.1441long leg$2.4M$46K30x
Bitget OPENUSDT+0.0100%4h0.1439−0.118%$2.2M$180K20xas long as short
Extended OPEN-USD+0.0104%1h0.1441−0.008%$3K$112K5xas long as short
BloFin OPEN-USDT+0.0143%4h0.1439−0.118%$674K$12K75xas long as short
Bybit OPENUSDT+0.0408%4h0.1442+0.069%$1.5M$735K25xas long as short
Kraken Futures PF_OPENUSD+0.0977%1h0.1441−0.001%$14K$55K10xas long as short