Funding arb · Price arb /

CP

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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: Gate against KuCoin−0.213%7-day average −0.187% · you buy dearer than you sell

Net, funding: paid 7d − costs−$613as in the Funding arb table

Net, price: spread back to 7d avg − costs−$611as in the Price arb table

costs, in and out, $10k−$6096.089% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.213%, 7d avg −0.187%

Together, before fees−0.036%−$4 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 0.026% 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 −0.187%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CPUSDTM	0.01409	0.0100	pay 0.0050% / 4h	1h 45m	$203K	$906K	20x
Short	Gate CP_USDT	0.01406	0.0100	get 0.0050% / 4h	1h 45m	$609K	$544K	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 −0.213%Rate

Funding earned: $0
Price spread: −0.213% → −0.187%: −$2.57
Slippage, 4 orders: −$581.88
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$611.45
Costs to cover: 6.089%
Break-even: never at this rate

Slippage from KuCoin: live order book, 53 min ago; Gate: live order book, 60 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, 53 min ago	10.46 bp	271.0 bp −$271	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 60 min ago	10.46 bp	73.2 bp −$73	doesn't fit	doesn't fit	doesn't fit

CP on 8 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 CP-USDT	+0.0064%	4h	0.01405	−0.284%	$430	$43K	20x	as long as short
BingX CP-USDT	+0.0070%	4h	0.01404	−0.355%	—	$1.1M	—	as long as short
OKX CP-USDT-SWAP	+0.0100%	4h	0.01404	−0.355%	$4.0M	$11.9M	20x	as long as short
Gate CP_USDTshort	+0.0100%	4h	0.01406	−0.213%	$609K	$544K	20x
MEXC CP_USDT	+0.0100%	4h	0.01405	−0.284%	$1.5M	$392K	20x	as long as short
KuCoin CPUSDTMlong	+0.0100%	4h	0.01409	long leg	$203K	$906K	20x
Bitget CPUSDT	+0.0100%	4h	0.01405	−0.305%	$791K	$1.7M	20x	as long as short
Bybit CPUSDT	+0.1872%	4h	0.01406	−0.213%	$1.7M	$3.2M	20x	as long as short