Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h +0.038%

Price spread now: KuCoin against gTrade (Gains Network)+0.090%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 0.090% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) RE/USD	0.4715	L −0.0025% / S +0.0026%	get 0.0003% / 1h	48m 20s	—	—	150x
Short	KuCoin REUSDTM	0.4719	0.0100	get 0.0050% / 4h	3h 48m	$1.4M	$987K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now +0.090%Rate

Funding earned: $26.31
Price spread: +0.090% → 0.000%: $8.97
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $11.28
Costs to cover: 0.240%
Break-even: 4.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 2 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 2 min ago	5.61 bp	34.4 bp −$34	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

RE on 14 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
gTrade (Gains Network) RE/USDlong	L −0.0025% / S +0.0026%	1h	0.4715	long leg	—	—	150x
Aster REUSDT	+0.0100%	4h	0.4721	+0.119%	$36K	$26K	20x	as long as short
Binance REUSDT	+0.0100%	4h	0.4717	+0.044%	$8.5M	$8.8M	50x	as long as short
Bybit REUSDT	+0.0100%	4h	0.4715	−0.004%	$1.5M	$1.3M	20x	as long as short
OKX RE-USDT-SWAP	+0.0100%	4h	0.4716	+0.018%	$1.9M	$3.6M	20x	as long as short
Gate RE_USDT	+0.0100%	4h	0.4719	+0.090%	$426K	$951K	20x	as long as short
MEXC RE_USDT	+0.0100%	4h	0.4717	+0.039%	$1.2M	$438K	50x	as long as short
KuCoin REUSDTMshort	+0.0100%	4h	0.4719	+0.090%	$1.4M	$987K	20x
Bitget REUSDT	+0.0100%	4h	0.4719	+0.073%	$1.8M	$641K	20x	as long as short
BingX RE-USDT	+0.0100%	4h	0.4715	−0.004%	—	$1.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX REUSDC	+0.0100%	4h	0.4696	−0.416%	$8K	$220K	10x	as long as short
Orderly PERP_RE_USDC_mythos	+0.0100%	4h	0.4715	−0.004%	$4K	—	10x	as long as short
Extended RE-USD	+0.0104%	1h	0.4716	+0.015%	$801	—	5x	as long as short
BloFin RE-USDT	+0.0120%	4h	0.4713	−0.046%	$368K	$70K	50x	as long as short