Funding arb · Price arb /

NOT

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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: KuCoin against Gate+0.079%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$241as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2352.353% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.079%, 7d avg −0.066%

Together, before fees−0.212%−$21 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 0.145% dearer against Gate than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOT_USDT	0.0005068	0.0100	pay 0.0050% / 4h	18m 16s	$141K	$79K	50x
Short	KuCoin NOTUSDTM	0.0005072	0.0100	get 0.0050% / 4h	18m 16s	$463K	$137K	50x

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 +0.079%Rate

Funding earned: $0
Price spread: +0.079% → −0.066%: $14.51
Slippage, 4 orders: −$208.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$220.78
Costs to cover: 2.353%
Break-even: never at this rate

Slippage from Gate: live order book, 52 min ago; KuCoin: live order book, 44 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, 52 min ago	10.93 bp	36.3 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 44 min ago	7.93 bp	77.3 bp −$77	400.8 bp −$4,008	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0103%	4h	0.0005065	−0.063%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.828%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0093%	4h	0.0005072	+0.079%	$111K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005085	+0.339%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005080	+0.237%	$372K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005078	+0.189%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005077	+0.176%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005074	+0.118%	$2.1M	$825K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005071	+0.059%	$632K	$617K	20x	as long as short
Gate NOT_USDTlong	+0.0100%	4h	0.0005068	long leg	$141K	$79K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005077	+0.178%	$1.4M	$462K	200x	as long as short
KuCoin NOTUSDTMshort	+0.0100%	4h	0.0005072	+0.079%	$463K	$137K	50x
Bitget NOTUSDT	+0.0100%	4h	0.0005076	+0.158%	$667K	$382K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005075	+0.138%	—	$7.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005077	+0.172%	$4K	$491	5x	as long as short
Kraken Futures PF_NOTUSD	+0.4196%	1h	0.0005084	+0.316%	$50K	$10K	10x	as long as short