Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0106%/8hpaid last 24h −0.019%

Price spread now: gTrade (Gains Network) against KuCoin+0.197%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.197% dearer against KuCoin than usual: you sell high and buy low (spread +0.197% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SUSDTM	0.03905	0.0100	pay 0.0050% / 4h	23m 41s	$1.8M	$3.5M	50x
Short	gTrade (Gains Network) S/USD	0.03913	L +0.0001% / S +0.0006%	pay 0.0001% / 1h	23m 41s	$603	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.197%Rate

Funding earned: −$22.28
Price spread: +0.197% → 0.000%: $19.67
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$24.62
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 8 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 8 min ago	2.56 bp	85.1 bp −$85	275.3 bp −$2,753	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

S on 25 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
Kraken Futures PF_SUSD	−0.2129%	1h	0.03904	−0.019%	$33K	$41K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1488%	1h	0.03826	−2.023%	$47K	$9K	25x	as long as short
Variational Omni S	−0.1460%	4h	0.03892	−0.333%	$606K	$116K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0173% / S +0.0169%	1h	0.03913	+0.200%	$1K	—	100x	as long as short
Aster SUSDT	−0.0144%	4h	0.03910	+0.128%	$42K	$255K	10x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03907	+0.048%	$4	—	15x	as long as short
OKX S-USDT-SWAP	−0.0074%	4h	0.03899	−0.154%	$973K	$11.5M	20x	as long as short
Orderly PERP_S_USDC	−0.0054%	4h	0.03910	+0.128%	$104K	$326K	10x	as long as short
gTrade (Gains Network) S/USDshort	L +0.0001% / S +0.0006%	1h	0.03913	+0.197%	$603	—	150x
01 Exchange SUSD	+0.0024%	1h	0.03910	+0.128%	$24K	$3K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.994%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03908	+0.077%	$164K	$278K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03903	−0.059%	$994K	$1.2M	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03901	−0.095%	$5.3M	$36.2M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03896	−0.230%	$5.5M	$8.6M	50x	as long as short
Gate S_USDT	+0.0100%	4h	0.03902	−0.077%	$319K	$344K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03900	−0.128%	$3.7M	$3.4M	200x	as long as short
KuCoin SUSDTMlong	+0.0100%	4h	0.03905	long leg	$1.8M	$3.5M	50x
Bitget SUSDT	+0.0100%	4h	0.03905	0.000%	$1.2M	$4.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03902	−0.077%	—	$6.9M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03900	−0.128%	$25K	$487K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03903	−0.045%	$219K	$908K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0261%	1h	0.03914	+0.230%	$66K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03898	−0.179%	$274K	$257K	75x	as long as short
Backpack S_USDC_PERP	+0.0547%	1h	0.03920	+0.384%	$114K	$262K	5x	as long as short