Funding arb · Price arb /

ATH

all ATH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Gate+0.110%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$439as in the Funding arb table

Net, price: spread back to 7d avg − costs−$433as in the Price arb table

costs, in and out, $10k−$4384.381% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.110%, 7d avg +0.062%

Together, before fees−0.026%−$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: KuCoin is 0.048% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ATH_USDT	0.005467	0.0100	pay 0.0050% / 4h	1h 00m	$781K	$618K	30x
Short	KuCoin ATHUSDTM	0.005473	0.0100	get 0.0050% / 4h	1h 00m	$550K	$80K	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 +0.110%Rate

Funding earned: $0
Price spread: +0.110% → +0.062%: $4.79
Slippage, 4 orders: −$411.05
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$433.26
Costs to cover: 4.381%
Break-even: never at this rate

Slippage from Gate: live order book, 41 min ago; KuCoin: live order book, 43 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, 41 min ago	6.39 bp	78.0 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 43 min ago	15.50 bp	124.0 bp −$124	doesn't fit	doesn't fit	doesn't fit

ATH on 13 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_ATHUSD	−0.2391%	1h	0.005470	+0.058%	$17K	$109K	10x	as long as short
Variational Omni ATH	−0.0105%	4h	0.005461	−0.109%	$183K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005489	+0.401%	$11K	$59	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005483	+0.289%	$5K	$41K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005483	+0.301%	$3.2M	$4.3M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005471	+0.073%	$4.3M	$2.7M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005473	+0.110%	$702K	$1.3M	20x	as long as short
Gate ATH_USDTlong	+0.0100%	4h	0.005467	long leg	$781K	$618K	30x
MEXC ATH_USDT	+0.0100%	4h	0.005483	+0.293%	$8.9M	$678K	50x	as long as short
KuCoin ATHUSDTMshort	+0.0100%	4h	0.005473	+0.110%	$550K	$80K	30x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005477	+0.183%	$1.5M	$907K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005474	+0.128%	—	$21.3M	—	as long as short
BloFin ATH-USDT	+0.0106%	4h	0.005480	+0.238%	$163K	$70K	75x	as long as short