Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: KuCoin against Gate+0.073%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$891as in the Funding arb table

Net, price: spread back to 7d avg − costs−$913as in the Price arb table

costs, in and out, $10k−$9159.150% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.235%+$23 on $10k

Price spread, last 7 days−0.008%−$1 · spread now +0.073%, 7d avg +0.052%

Together, before fees+0.227%+$23 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 0.021% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate H_USDT	0.06840	0.0100	pay 0.0050% / 4h	2h 19m	$2.8M	$1.9M	10x
Short	KuCoin HUSDTM	0.06845	0.0100	get 0.0050% / 4h	2h 19m	$1.6M	$10.0M	8x

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 +0.073%Rate

Funding earned: $0
Price spread: +0.073% → +0.052%: $2.11
Slippage, 4 orders: −$887.98
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$912.86
Costs to cover: 9.150%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; KuCoin: live order book, 4 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, 3 min ago	7.29 bp	79.3 bp −$79	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.91 bp	313.9 bp −$314	doesn't fit	doesn't fit	doesn't fit

H 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−8.626%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06847	+0.100%	$113K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06850	+0.152%	$14.7M	$10.9M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06842	+0.035%	$7.5M	$4.7M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06850	+0.146%	$1.8M	$6.0M	10x	as long as short
Gate H_USDTlong	+0.0100%	4h	0.06840	long leg	$2.8M	$1.9M	10x
MEXC H_USDT	+0.0100%	4h	0.06848	+0.117%	$6.1M	$1.1M	20x	as long as short
KuCoin HUSDTMshort	+0.0100%	4h	0.06845	+0.073%	$1.6M	$10.0M	8x
Bitget HUSDT	+0.0100%	4h	0.06820	−0.292%	$1.7M	$454K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06852	+0.175%	—	$2.7M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06846	+0.091%	$8K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06870	+0.439%	$1.1M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06846	+0.086%	$9K	$102K	5x	as long as short