Funding arb · Price arb /

SHELL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against KuCoin+0.406%7-day average +0.048% · you sell dearer than you buy

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

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.441%−$44 · spread now +0.406%, 7d avg +0.048%

Together, before fees−0.441%−$44 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 0.359% dearer against KuCoin than usual: you sell high and buy low, +$36 on $10k if it goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SHELLUSDTM	0.02707	0.0100	pay 0.0050% / 4h	2h 32m	$345K	$34K	10x
Short	Gate SHELL_USDT	0.02718	0.0100	get 0.0050% / 4h	2h 32m	$414K	$207K	10x

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

Position, each leg$Hold fordaysFee KuCoinbpFee GatebpOrdersPrice spread, now +0.406%Rate

Funding earned: $0
Price spread: +0.406% → +0.048%: $35.87
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $8.87
Costs to cover: 0.270%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 25 min ago; Gate: live order book, 13 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 KuCoin live order book, 25 min ago	14.60 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 13 min ago	7.29 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

SHELL on 10 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
Aster SHELLUSDT	+0.0100%	4h	0.02707	−0.008%	$1K	$10K	5x	as long as short
Binance SHELLUSDT	+0.0100%	4h	0.02706	−0.043%	$2.1M	$2.9M	10x	as long as short
OKX SHELL-USDT-SWAP	+0.0100%	4h	0.02706	−0.037%	$175K	$466K	10x	as long as short
Gate SHELL_USDTshort	+0.0100%	4h	0.02718	+0.406%	$414K	$207K	10x
MEXC SHELL_USDT	+0.0100%	4h	0.02705	−0.074%	$280K	$143K	50x	as long as short
KuCoin SHELLUSDTMlong	+0.0100%	4h	0.02707	long leg	$345K	$34K	10x
Variational Omni SHELL	+0.0100%	4h	0.02721	+0.520%	$1K	$1K	—	as long as short
Bybit SHELLUSDT	+0.0197%	4h	0.02701	−0.222%	$511K	$217K	13x	as long as short
BingX SHELL-USDT	+0.0802%	4h	0.02706	−0.037%	—	$6.5M	—	as long as short
Bitget SHELLUSDT	+0.0854%	4h	0.02712	+0.185%	$566K	$230K	10x	as long as short