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

SATS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Gate+0.244%7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,310as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,307as in the Price arb table
costs, in and out, $10k−$1,32113.205% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.106%+$11 on $10k
Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.244%, 7d avg +0.111%
Together, before fees+0.044%+$4 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 0.133% dearer against Gate than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.111%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate SATS_USDT0.000000012280.0100pay 0.0050% / 4h3h 13m$360K$264K25x
ShortKuCoin 10000SATSUSDTM0.000000012310.0100get 0.0050% / 4h3h 13m$188K$89K10x

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

Funding earned
$0
Price spread: +0.244% → +0.111%
$13.31
Slippage, 4 orders
−$1,293.51
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,307.19
Costs to cover
13.205%
Break-even
never at this rate
Slippage from Gate: live order book, 17 min ago; KuCoin: live order book, 7 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 Gate live order book, 17 min ago8.24 bp125.3 bp −$12527541.4 bp −$275.4Kdoesn't fitdoesn't fit
Sell KuCoin live order book, 7 min ago12.24 bp560.9 bp −$561doesn't fitdoesn't fitdoesn't fit

SATS on 8 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
Binance 1000SATSUSDT+0.0100%4h0.00000001229+0.081%$2.1M$5.7M25xas long as short
Bybit 10000SATSUSDT+0.0100%4h0.00000001230+0.130%$280K$883K13xas long as short
Gate SATS_USDTlong+0.0100%4h0.00000001228long leg$360K$264K25x
KuCoin 10000SATSUSDTMshort+0.0100%4h0.00000001231+0.244%$188K$89K10x
Bitget 1000SATSUSDT+0.0100%4h0.00000001231+0.244%$721K$259K25xas long as short
OKX SATS-USDT-SWAP+0.0217%8h0.00000001229+0.114%$800K$3.0M10xas long as short
MEXC SATS_USDT+0.0219%8h0.00000001229+0.081%$389K$196K100xas long as short
BingX 10000SATS-USDT+0.0224%4h0.00000001230+0.163%$5.6Mas long as short