Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h −0.038%

Price spread now: gTrade (Gains Network) against KuCoin−0.043%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on gTrade (Gains Network)

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 against this trade now: funding costs −$4 a day on $10k at the current rate, and gTrade (Gains Network) is 0.043% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin REUSDTM	0.4668	0.0100	pay 0.0050% / 4h	2h 31m	$1.4M	$998K	20x
Short	gTrade (Gains Network) RE/USD	0.4666	L −0.0025% / S +0.0026%	pay 0.0003% / 1h	31m 04s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.043%Rate

Funding earned: −$26.41
Price spread: −0.043% → 0.000%: −$4.35
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$54.76
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 9 min ago; gTrade (Gains Network): no order-book sample. 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 KuCoin live order book, 9 min ago	4.72 bp	34.0 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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/USDshort	L −0.0025% / S +0.0026%	1h	0.4666	−0.043%	—	—	150x
Aster REUSDT	+0.0100%	4h	0.4669	+0.007%	$36K	$28K	20x	as long as short
Binance REUSDT	+0.0100%	4h	0.4666	−0.054%	$8.4M	$9.0M	50x	as long as short
Bybit REUSDT	+0.0100%	4h	0.4670	+0.032%	$1.5M	$1.3M	20x	as long as short
OKX RE-USDT-SWAP	+0.0100%	4h	0.4666	−0.049%	$1.9M	$3.8M	20x	as long as short
Gate RE_USDT	+0.0100%	4h	0.4670	+0.028%	$423K	$972K	20x	as long as short
MEXC RE_USDT	+0.0100%	4h	0.4667	−0.032%	$1.2M	$449K	50x	as long as short
KuCoin REUSDTMlong	+0.0100%	4h	0.4668	long leg	$1.4M	$998K	20x
Bitget REUSDT	+0.0100%	4h	0.4668	−0.004%	$1.8M	$674K	20x	as long as short
BingX RE-USDT	+0.0100%	4h	0.4669	+0.011%	—	$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	0.4668	−0.013%	$8K	$221K	10x	as long as short
Orderly PERP_RE_USDC_mythos	+0.0100%	4h	0.4666	−0.054%	$4K	—	10x	as long as short
Extended RE-USD	+0.0104%	1h	0.4663	−0.122%	$796	—	5x	as long as short
BloFin RE-USDT	+0.0113%	4h	0.4661	−0.161%	$369K	$70K	50x	as long as short