Funding arb · Price arb /

TRUTH

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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 −0.085%

Price spread now: Gate against KuCoin+0.059%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$2,665as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,702as in the Price arb table

costs, in and out, $10k−$2,71327.129% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.476%+$48 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.059%, 7d avg −0.052%

Together, before fees+0.456%+$46 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 0.111% dearer against KuCoin than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TRUTHUSDTM	0.01354	0.0100	pay 0.0050% / 4h	2h 37m	$1.1M	$51K	10x
Short	Gate TRUTH_USDT	0.01355	0.0100	get 0.0050% / 4h	2h 37m	$424K	$63K	20x

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 +0.059%Rate

Funding earned: $0
Price spread: +0.059% → −0.052%: $11.12
Slippage, 4 orders: −$2,685.85
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$2,701.73
Costs to cover: 27.129%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Gate: live order book, 47 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, 2 min ago	15.84 bp	1018.2 bp −$1,018	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 47 min ago	13.28 bp	330.2 bp −$330	doesn't fit	doesn't fit	doesn't fit

TRUTH 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
Gate TRUTH_USDTshort	+0.0100%	4h	0.01355	+0.059%	$424K	$63K	20x
KuCoin TRUTHUSDTMlong	+0.0100%	4h	0.01354	long leg	$1.1M	$51K	10x
OKX TRUTH-USDT-SWAP	+0.0487%	4h	0.01360	+0.414%	$185K	$286K	10x	as long as short
Aster TRUTHUSDT	+0.0804%	4h	0.01359	+0.375%	$36K	$8K	5x	as long as short
Binance TRUTHUSDT	+0.0977%	4h	0.01357	+0.185%	$4.3M	$1.6M	20x	as long as short
Extended TRUTH-USD	+0.0992%	1h	0.01357	+0.179%	$3K	$180K	5x	as long as short
MEXC TRUTH_USDT	+0.0992%	4h	0.01358	+0.303%	$11.8M	$125K	20x	as long as short
BloFin TRUTH-USDT	+0.1044%	4h	0.01363	+0.694%	$200K	$14K	50x	as long as short
Bybit TRUTHUSDT	+0.1054%	4h	0.01359	+0.347%	$1.3M	$449K	20x	as long as short
BingX TRUTH-USDT	+0.1089%	4h	0.01358	+0.310%	—	$6.5M	—	as long as short