Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h −0.126%

Price spread now: Gate against KuCoin−0.044%7-day average −0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1851.851% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.370%−$37 on $10k

Price spread, last 4 days (all we have)−0.128%−$13 · spread now −0.044%, 7d avg −0.125%

Together, before fees−0.498%−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.081% dearer against KuCoin than usual: you sell high and buy low (spread −0.044% now, against its 7-day average of −0.125%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.370% in total) that is about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BEATUSDTM	0.09184	0.0410	pay 0.0205% / 4h	1h 00m	$2.4M	$1.3M	25x
Short	Gate BEAT_USDT	0.09180	0.0384	get 0.0384% / 8h	1h 00m	$3.5M	$2.4M	20x

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 −0.044%Rate

Funding earned: −$5.46
Price spread: −0.044% → −0.125%: $8.11
Slippage, 4 orders: −$158.14
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$182.49
Costs to cover: 1.851%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Gate: live order book, 3 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, 7 min ago	7.12 bp	65.0 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	10.90 bp	27.1 bp −$27	125.7 bp −$1,257	doesn't fit	doesn't fit

BEAT 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
Aster BEATUSDT	+0.0100%	4h	0.09186	+0.025%	$51K	$32K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.09185	+0.011%	$5.0M	$2.5M	25x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.09197	+0.140%	$35K	$179	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.09193	+0.098%	$1K	$1.7M	20x	as long as short
Bitget BEATUSDT	+0.0164%	4h	0.09200	+0.174%	$1.4M	$1.5M	10x	as long as short
HTX BEAT-USDT	+0.0167%	4h	0.09187	+0.033%	$128K	$69K	20x	as long as short
BloFin BEAT-USDT	+0.0271%	4h	0.09210	+0.283%	$496K	$46K	10x	as long as short
MEXC BEAT_USDT	+0.0326%	4h	0.09190	+0.065%	$6.4M	$2.8M	100x	as long as short
Binance BEATUSDT	+0.0328%	4h	0.09190	+0.065%	$8.4M	$14.1M	10x	as long as short
Extended BEAT-USD	+0.0328%	1h	0.09187	+0.037%	$6K	$282K	5x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX BEATUSDC	+0.0333%	4h	0.09165	−0.206%	$4K	$167K	10x	as long as short
Gate BEAT_USDTshort	+0.0384%	8h	0.09180	−0.044%	$3.5M	$2.4M	20x
KuCoin BEATUSDTMlong	+0.0410%	4h	0.09184	long leg	$2.4M	$1.3M	25x
BingX BEAT-USDT	+0.0414%	4h	0.09190	+0.065%	—	$7.6M	—	as long as short
OKX BEAT-USDT-SWAP	+0.0419%	4h	0.09192	+0.087%	$4.3M	$13.6M	10x	as long as short