Funding arb · Price arb /

SKL

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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 −0.145%

Price spread now: Gate against KuCoin−0.087%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$408as in the Funding arb table

Net, price: spread back to 7d avg − costs−$375as in the Price arb table

costs, in and out, $10k−$3693.692% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.392%−$39 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.087%, 7d avg −0.033%

Together, before fees−0.432%−$43 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 0.054% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKLUSDTM	0.004594	0.0100	pay 0.0050% / 4h	2h 36m	$814K	$332K	30x
Short	Gate SKL_USDT	0.004590	0.0100	get 0.0050% / 4h	2h 36m	$181K	$219K	50x

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 −0.087%Rate

Funding earned: $0
Price spread: −0.087% → −0.033%: −$5.38
Slippage, 4 orders: −$342.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$374.59
Costs to cover: 3.692%
Break-even: never at this rate

Slippage from KuCoin: live order book, 48 min ago; Gate: live order book, 5 min ago.

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, 48 min ago	6.51 bp	94.3 bp −$94	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	21.83 bp	76.4 bp −$76	doesn't fit	doesn't fit	doesn't fit

SKL 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
Binance SKLUSDT	+0.0100%	4h	0.004595	+0.013%	$2.8M	$8.3M	50x	as long as short
Bybit SKLUSDT	+0.0100%	8h	0.004594	0.000%	$871K	$945K	25x	as long as short
Gate SKL_USDTshort	+0.0100%	4h	0.004590	−0.087%	$181K	$219K	50x
MEXC SKL_USDT	+0.0100%	4h	0.004593	−0.022%	$379K	$191K	20x	as long as short
KuCoin SKLUSDTMlong	+0.0100%	4h	0.004594	long leg	$814K	$332K	30x
Bitget SKLUSDT	+0.0100%	4h	0.004592	−0.044%	$493K	$814K	25x	as long as short
BingX SKL-USDT	+0.0100%	4h	0.004592	−0.044%	—	$2.3M	—	as long as short
Variational Omni SKL	+0.0100%	8h	0.004583	−0.234%	$804	$1K	—	as long as short
BloFin SKL-USDT	+0.0151%	4h	0.004568	−0.566%	$183K	$21K	50x	as long as short
Kraken Futures PF_SKLUSD	+0.1884%	1h	0.004602	+0.165%	$5K	$5K	10x	as long as short