Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against KuCoin−0.200%7-day average −0.130% · you buy dearer than you sell

Net, funding: paid 7d − costs−$814as in the Funding arb table

Net, price: spread back to 7d avg − costs−$833as in the Price arb table

costs, in and out, $10k−$8268.263% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now −0.200%, 7d avg −0.130%

Together, before fees+0.215%+$21 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 0.070% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.130%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STABLEUSDTM	0.02499	0.0100	pay 0.0050% / 4h	31m 13s	$180K	$28K	30x
Short	Gate STABLE_USDT	0.02494	0.0100	get 0.0050% / 4h	31m 13s	$172K	$88K	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 −0.200%Rate

Funding earned: $0
Price spread: −0.200% → −0.130%: −$6.99
Slippage, 4 orders: −$799.3
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$833.29
Costs to cover: 8.263%
Break-even: never at this rate

Slippage from KuCoin: live order book, 23 min ago; Gate: live order book, 40 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, 23 min ago	16.04 bp	237.4 bp −$237	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 40 min ago	4.06 bp	177.9 bp −$178	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
BloFin STABLE-USDT	+0.0043%	4h	0.02494	−0.200%	$113K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02507	+0.300%	$115K	$3K	3x	as long as short
Aster STABLEUSDT	+0.0098%	4h	0.02494	−0.206%	$19K	$6K	20x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02496	−0.112%	$881K	$227K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02494	−0.192%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02499	−0.016%	$1.5M	$757K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02494	−0.200%	$205K	$410K	20x	as long as short
Gate STABLE_USDTshort	+0.0100%	4h	0.02494	−0.200%	$172K	$88K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02494	−0.200%	$665K	$155K	20x	as long as short
KuCoin STABLEUSDTMlong	+0.0100%	4h	0.02499	long leg	$180K	$28K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02495	−0.160%	$294K	$116K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02496	−0.120%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02498	−0.052%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02494	−0.188%	$2K	$669K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02494	−0.219%	$12K	$175K	10x	as long as short