Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.019%

Price spread now: gTrade (Gains Network) against KuCoin−0.029%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 −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.029% cheaper against KuCoin than usual: you would sell low and buy high (−$3 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 SUSDTM	0.03968	0.0100	pay 0.0050% / 4h	3h 29m	$1.8M	$2.7M	50x
Short	gTrade (Gains Network) S/USD	0.03967	L +0.0001% / S +0.0006%	pay 0.0001% / 1h	29m 10s	$611	—	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 −0.029%Rate

Funding earned: −$22.28
Price spread: −0.029% → 0.000%: −$2.92
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$47.21
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 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, 3 min ago	3.80 bp	107.5 bp −$108	576.1 bp −$5,761	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.

S on 25 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
01 Exchange SUSD	−0.2456%	1h	0.03840	−3.226%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2245%	1h	0.03968	−0.008%	$33K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1344%	1h	0.03927	−1.033%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03966	−0.040%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03967	−0.025%	$4	—	15x	as long as short
Variational Omni S	−0.0038%	4h	0.03964	−0.093%	$613K	$30K	—	as long as short
gTrade (Gains Network) S/USDshort	L +0.0001% / S +0.0006%	1h	0.03967	−0.029%	$611	—	150x
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.327%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0081%	4h	0.03968	0.000%	$98K	$288K	10x	as long as short
Lighter S	+0.0096%	1h	0.03972	+0.101%	$167K	$156K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03967	−0.020%	$994K	$592K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03971	+0.069%	$47K	$142K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03969	+0.030%	$5.5M	$13.9M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03962	−0.151%	$5.7M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03966	−0.050%	$984K	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03965	−0.076%	$323K	$189K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03969	+0.025%	$3.6M	$1.7M	200x	as long as short
KuCoin SUSDTMlong	+0.0100%	4h	0.03968	long leg	$1.8M	$2.7M	50x
Bitget SUSDT	+0.0100%	4h	0.03970	+0.050%	$1.2M	$2.2M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03966	−0.050%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03960	−0.202%	$20K	$462K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03966	−0.054%	$225K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03976	+0.202%	$274K	$102K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.1011%	1h	0.03971	+0.076%	$67K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1582%	1h	0.03970	+0.050%	$115K	$422K	5x	as long as short