Settings8H · net · $10k
Funding arb · Price arb /

PAYP

RWAall PAYP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.034%
Price spread now: KuCoin against Gate0.000%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.280%+$28 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate PAYP_USDT17.6700get 0.0000% / 8h46m 28s$82K$7K25x
ShortKuCoin PAYPUSDTM17.6700.0100get 0.0100% / 8h46m 28s$63K$72K20x

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

Funding earned
$21
Price spread: 0.000% → 0.000%
$0
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$6
Costs to cover
0.270%
Break-even
9.0 days
Slippage unknown: Gate: no order-book sample; KuCoin: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate no order-book sample
Sell KuCoin no order-book sample
Gate and KuCoin: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PAYP on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster PAYPUSDT0.0000%8h17.6700.000%$7K$79220xas long as short
Binance PAYPUSDT0.0000%8h17.660−0.058%$257K$424K20xas long as short
Gate PAYP_USDTlong0.0000%8h17.670long leg$82K$7K25x
Variational Omni PAYP0.0000%8h17.652−0.104%$71K$32Kas long as short
GRVT PAYP_USDT_Perp0.0000%8h17.660−0.057%$130K$530K10xas long as short
SunX PAYP-USDT0.0000%8h17.650−0.113%$1K$1.9M10xas long as short
HTX PAYP-USDT0.0000%8h17.650−0.113%$8K$3K10xas long as short
KuCoin PAYPUSDTMshort+0.0100%8h17.6700.000%$63K$72K20x