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

THE

all THE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%
Price spread now: KuCoin against Gate−0.012%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate THE_USDT0.082600.0100pay 0.0050% / 4h26m 51s$66K$77K10x
ShortKuCoin THEUSDTM0.082590.0100get 0.0050% / 4h26m 51s$115K$108K10x

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: −0.012% → 0.000%
−$1.21
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$28.21
Costs to cover
0.270%
Break-even
never at this rate
Slippage unknown: Gate: no order-book sample; KuCoin: live order book, 47 min ago. Net counts fees only.

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 no order-book sample
Sell KuCoin live order book, 47 min ago11.93 bp989.2 bp −$989doesn't fitdoesn't fitdoesn't fit
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

THE on 9 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
Gate THE_USDTlong+0.0100%4h0.08260long leg$66K$77K10x
KuCoin THEUSDTMshort+0.0100%4h0.08259−0.012%$115K$108K10x
Bitget THEUSDT+0.0100%4h0.08249−0.133%$444K$373K10xas long as short
Aster THEUSDT+0.0400%4h0.08253−0.090%$5K$12K5xas long as short
Binance THEUSDT+0.0405%4h0.08259−0.010%$2.2M$4.8M10xas long as short
MEXC THE_USDT+0.0416%4h0.08259−0.012%$194K$144K50xas long as short
BloFin THE-USDT+0.0435%4h0.08267+0.085%$143K$5K50xas long as short
BingX THE-USDT+0.0772%4h0.08257−0.036%$6.5Mas long as short
Bybit THEUSDT+0.0778%4h0.08244−0.194%$551K$449K20xas long as short