Funding arb · Price arb /

TURBO

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Swap Backtest

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 −0.005%

Price spread now: Gate against KuCoin−0.010%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$267as in the Funding arb table

Net, price: spread back to 7d avg − costs−$257as in the Price arb table

costs, in and out, $10k−$2642.640% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)−0.065%−$7 · spread now −0.010%, 7d avg −0.080%

Together, before fees−0.094%−$9 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% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TURBOUSDTM	0.001048	0.0100	pay 0.0050% / 4h	41m 45s	$1.9M	$807K	20x
Short	Gate TURBO_USDT	0.001048	0.0100	get 0.0050% / 4h	41m 45s	$397K	$256K	25x

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 −0.010%Rate

Funding earned: $0
Price spread: −0.010% → −0.080%: $7
Slippage, 4 orders: −$237.01
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$257.01
Costs to cover: 2.640%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Gate: live order book, 14 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, 5 min ago	11.91 bp	110.9 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 14 min ago	7.53 bp	40.0 bp −$40	719.6 bp −$7,196	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	−0.0516%	1h	0.001048	+0.042%	$67K	$28K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+2.004%	$83	$4	5.5x	as long as short
BloFin TURBO-USDT	+0.0064%	4h	0.001051	+0.296%	$156K	$427K	75x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001048	0.000%	$312K	$143K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001048	+0.017%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001048	−0.022%	$2.9M	$5.9M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001048	+0.038%	$386K	$742K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001047	−0.095%	$901K	$1.9M	20x	as long as short
Gate TURBO_USDTshort	+0.0100%	4h	0.001048	−0.010%	$397K	$256K	25x
MEXC TURBO_USDT	+0.0100%	4h	0.001048	−0.029%	$5.3M	$567K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TURBOUSDTMlong	+0.0100%	4h	0.001048	long leg	$1.9M	$807K	20x
Bitget TURBOUSDT	+0.0100%	4h	0.001049	+0.095%	$1.0M	$493K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001048	+0.029%	—	$7.7M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001048	−0.045%	$398	$168K	5x	as long as short