Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Gate+0.037%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$332as in the Funding arb table

Net, price: spread back to 7d avg − costs−$339as in the Price arb table

costs, in and out, $10k−$3363.356% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.036%+$4 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.037%, 7d avg +0.075%

Together, before fees+0.079%+$8 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 0.038% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TURBO_USDT	0.001071	0.0100	pay 0.0050% / 4h	3h 44m	$388K	$350K	25x
Short	KuCoin TURBOUSDTM	0.001071	0.0100	get 0.0050% / 4h	3h 44m	$1.8M	$961K	20x

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 +0.037%Rate

Funding earned: $0
Price spread: +0.037% → +0.075%: −$3.77
Slippage, 4 orders: −$308.6
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$339.37
Costs to cover: 3.356%
Break-even: never at this rate

Slippage from Gate: live order book, 51 min ago; KuCoin: live order book, 2 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, 51 min ago	9.33 bp	42.7 bp −$43	579.4 bp −$5,794	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	8.86 bp	89.5 bp −$90	634.6 bp −$6,346	doesn't fit	doesn't fit

TURBO on 14 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
Kraken Futures PF_TURBOUSD	−0.0831%	1h	0.001069	−0.128%	$71K	$33K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	−0.168%	$83	$4	5.5x	as long as short
BloFin TURBO-USDT	+0.0060%	4h	0.001069	−0.168%	$153K	$493K	75x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001071	+0.019%	$315K	$170K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001071	−0.010%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001071	−0.028%	$2.9M	$6.7M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001069	−0.131%	$390K	$798K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001069	−0.131%	$905K	$2.4M	20x	as long as short
Gate TURBO_USDTlong	+0.0100%	4h	0.001071	long leg	$388K	$350K	25x
MEXC TURBO_USDT	+0.0100%	4h	0.001071	0.000%	$5.6M	$618K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TURBOUSDTMshort	+0.0100%	4h	0.001071	+0.037%	$1.8M	$961K	20x
Bitget TURBOUSDT	+0.0100%	4h	0.001071	+0.019%	$1.0M	$617K	25x	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001070	−0.107%	$1K	$200K	5x	as long as short
BingX TURBO-USDT	+0.0660%	4h	0.001069	−0.121%	—	$9.4M	—	as long as short