Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against KuCoin+0.132%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$957as in the Funding arb table

Net, price: spread back to 7d avg − costs−$945as in the Price arb table

costs, in and out, $10k−$9589.582% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now +0.132%, 7d avg +0.005%

Together, before fees+0.019%+$2 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 0.127% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BASEDUSDTM	0.06835	0.0100	pay 0.0050% / 4h	48m 47s	$573K	$94K	20x
Short	Gate BASED_USDT	0.06844	0.0100	get 0.0050% / 4h	48m 47s	$544K	$531K	50x

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 +0.132%Rate

Funding earned: $0
Price spread: +0.132% → +0.005%: $12.67
Slippage, 4 orders: −$931.16
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$945.49
Costs to cover: 9.582%
Break-even: never at this rate

Slippage from KuCoin: live order book, 14 min ago; Gate: live order book, 27 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, 14 min ago	30.06 bp	441.3 bp −$441	1051.9 bp −$10.5K	doesn't fit	doesn't fit
Sell Gate live order book, 27 min ago	5.87 bp	37.0 bp −$37	doesn't fit	doesn't fit	doesn't fit

BASED on 15 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 BASED-USDT	+0.0055%	4h	0.06841	+0.088%	$252K	$38K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06846	+0.158%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06831	−0.059%	$2.1M	$580K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06834	−0.015%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDTshort	+0.0100%	4h	0.06844	+0.132%	$544K	$531K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06845	+0.146%	$4.8M	$643K	50x	as long as short
KuCoin BASEDUSDTMlong	+0.0100%	4h	0.06835	long leg	$573K	$94K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06848	+0.190%	$1.3M	$370K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06842	+0.102%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06828	−0.100%	$93K	$22K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06844	+0.131%	$90K	$363K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06836	+0.015%	$1K	$818K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06844	+0.126%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0336%	4h	0.06840	+0.070%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0343%	4h	0.06841	+0.088%	$3K	$652	10x	as long as short