Funding arb · Price arb /

STABLE

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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: KuCoin against Gate+0.246%7-day average +0.138% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,243as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,220as in the Price arb table

costs, in and out, $10k−$1,23112.306% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.246%, 7d avg +0.138%

Together, before fees−0.273%−$27 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 0.108% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.138%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STABLE_USDT	0.02438	0.0100	pay 0.0050% / 4h	53m 00s	$174K	$56K	50x
Short	KuCoin STABLEUSDTM	0.02444	0.0100	get 0.0050% / 4h	53m 00s	$179K	$27K	30x

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

Position, each leg$Hold fordaysFee GatebpFee KuCoinbpOrdersPrice spread, now +0.246%Rate

Funding earned: $0
Price spread: +0.246% → +0.138%: $10.76
Slippage, 4 orders: −$1,203.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,219.83
Costs to cover: 12.306%
Break-even: never at this rate

Slippage from Gate: live order book, 43 min ago; KuCoin: live order book, 48 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 Gate live order book, 43 min ago	6.15 bp	104.7 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 48 min ago	14.33 bp	443.4 bp −$443	doesn't fit	doesn't fit	doesn't fit

STABLE on 15 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
Lighter STABLE	+0.0096%	1h	0.02451	+0.533%	$113K	$10K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02436	−0.098%	$856K	$179K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02437	−0.033%	$18K	$9K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02434	−0.147%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02439	+0.033%	$1.5M	$755K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02439	+0.041%	$214K	$425K	20x	as long as short
Gate STABLE_USDTlong	+0.0100%	4h	0.02438	long leg	$174K	$56K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02437	−0.041%	$582K	$163K	20x	as long as short
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02444	+0.246%	$179K	$27K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02438	0.000%	$281K	$92K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02437	−0.041%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02439	+0.023%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02440	+0.074%	$2K	$924K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02436	−0.087%	$13K	$187K	10x	as long as short
BloFin STABLE-USDT	+0.0121%	4h	0.02439	+0.041%	$113K	$10K	75x	as long as short