Funding arb · Price arb /

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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 0.000%

Price spread now: KuCoin against Gate−0.067%7-day average +0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$979as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,000as in the Price arb table

costs, in and out, $10k−$9849.844% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.067%, 7d avg +0.091%

Together, before fees+0.125%+$13 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 0.159% cheaper against Gate than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate W_USDT	0.01187	0.0100	pay 0.0050% / 4h	1h 41m	$448K	$251K	75x
Short	KuCoin WUSDTM	0.01186	0.0100	get 0.0050% / 4h	1h 41m	$388K	$211K	50x

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 −0.067%Rate

Funding earned: $0
Price spread: −0.067% → +0.091%: −$15.87
Slippage, 4 orders: −$957.36
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,000.23
Costs to cover: 9.844%
Break-even: never at this rate

Slippage from Gate: live order book, 20 min ago; KuCoin: live order book, 56 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, 20 min ago	8.90 bp	303.4 bp −$303	31090.2 bp −$310.9K	doesn't fit	doesn't fit
Sell KuCoin live order book, 56 min ago	16.88 bp	115.8 bp −$116	297.4 bp −$2,974	doesn't fit	doesn't fit

W on 17 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
Deribit W_USDC-PERPETUAL	−0.0424%	1h	0.01186	−0.076%	$16K	$2K	10x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+1.871%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01187	+0.017%	$2.0M	$383K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01186	−0.034%	$3.0M	$6.6M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01184	−0.194%	$4.1M	$1.9M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01185	−0.135%	$1.3M	$1.9M	20x	as long as short
Gate W_USDTlong	+0.0100%	4h	0.01187	long leg	$448K	$251K	75x
MEXC W_USDT	+0.0100%	4h	0.01186	−0.084%	$12.8M	$1.4M	50x	as long as short
KuCoin WUSDTMshort	+0.0100%	4h	0.01186	−0.067%	$388K	$211K	50x
Bitget WUSDT	+0.0100%	4h	0.01186	−0.067%	$1.3M	$567K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01187	+0.017%	—	$6.8M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01180	−0.574%	$71K	$41K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01188	+0.101%	$127K	$404K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01186	−0.051%	$61K	$238K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0312%	1h	0.01190	+0.253%	$14K	$15K	50x	as long as short
Backpack W_USDC_PERP	+0.0433%	1h	0.01191	+0.371%	$44K	$46K	15x	as long as short
Kraken Futures PF_WUSD	+0.1709%	1h	0.01189	+0.216%	$148K	$180K	20x	as long as short