Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against KuCoin−0.093%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,416as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,419as in the Price arb table

costs, in and out, $10k−$1,41614.161% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.093%, 7d avg −0.065%

Together, before fees+0.032%+$3 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 0.028% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ALTUSDTM	0.007504	0.0100	pay 0.0050% / 4h	1h 30m	$145K	$19K	30x
Short	Gate ALT_USDT	0.007497	0.0100	get 0.0100% / 8h	1h 30m	$50K	$386K	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 −0.093%Rate

Funding earned: $0
Price spread: −0.093% → −0.065%: −$2.84
Slippage, 4 orders: −$1,389.06
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,418.89
Costs to cover: 14.161%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Gate: live order book, 10 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, 10 min ago	7.96 bp	296.8 bp −$297	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 10 min ago	8.64 bp	244.7 bp −$245	doesn't fit	doesn't fit	doesn't fit

ALT 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_ALTUSD	−0.0428%	1h	0.007506	+0.021%	$44K	$8K	10x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+2.492%	$837	$22	5.5x	as long as short
Variational Omni ALT	+0.0054%	4h	0.007494	−0.131%	$4K	$16K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007498	−0.080%	$1.1M	$139K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007504	+0.003%	$2.6M	$3.5M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007498	−0.080%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDTshort	+0.0100%	8h	0.007497	−0.093%	$50K	$386K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007504	0.000%	$378K	$169K	50x	as long as short
KuCoin ALTUSDTMlong	+0.0100%	4h	0.007504	long leg	$145K	$19K	30x
Bitget ALTUSDT	+0.0100%	4h	0.007492	−0.160%	$601K	$131K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDT	+0.0100%	4h	0.007500	−0.053%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0115%	4h	0.007494	−0.133%	$168K	$9K	50x	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0150%	1h	0.007506	+0.027%	—	$0	25x	as long as short
Coinbase International ALT-PERP-INTX	+0.0424%	1h	0.007691	+2.492%	$14K	$2K	50x	as long as short