Funding arb · Price arb /

TWT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Gate+0.019%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$390as in the Funding arb table

Net, price: spread back to 7d avg − costs−$378as in the Price arb table

costs, in and out, $10k−$3853.852% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 4 days (all we have)−0.161%−$16 · spread now +0.019%, 7d avg −0.049%

Together, before fees−0.208%−$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: KuCoin is 0.068% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TWT_USDT	0.5892	0.0100	pay 0.0100% / 8h	1h 34m	$269K	$103K	50x
Short	KuCoin TWTUSDTM	0.5893	0.0100	get 0.0050% / 4h	1h 34m	$813K	$1.1M	30x

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 +0.019%Rate

Funding earned: $0
Price spread: +0.019% → −0.049%: $6.77
Slippage, 4 orders: −$358.24
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$378.46
Costs to cover: 3.852%
Break-even: never at this rate

Slippage from Gate: live order book, 42 min ago; KuCoin: live order book, 5 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, 42 min ago	13.56 bp	67.2 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.54 bp	108.4 bp −$108	304.4 bp −$3,044	doesn't fit	doesn't fit

TWT on 8 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 TWT-USDT	+0.0090%	4h	0.5899	+0.119%	$260K	$12K	75x	as long as short
Binance TWTUSDT	+0.0100%	4h	0.5893	+0.019%	$3.9M	$2.2M	75x	as long as short
Bybit TWTUSDT	+0.0100%	4h	0.5895	+0.051%	$5.3M	$911K	25x	as long as short
Gate TWT_USDTlong	+0.0100%	8h	0.5892	long leg	$269K	$103K	50x
MEXC TWT_USDT	+0.0100%	4h	0.5893	+0.017%	$6.8M	$157K	125x	as long as short
KuCoin TWTUSDTMshort	+0.0100%	4h	0.5893	+0.019%	$813K	$1.1M	30x
BingX TWT-USDT	+0.0100%	4h	0.5893	+0.017%	—	$2.5M	—	as long as short
Variational Omni TWT	+0.0100%	4h	0.5896	+0.065%	$226K	$830	—	as long as short