Funding arb · Price arb /

STABLE

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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 0.000%

Price spread now: KuCoin against Gate−0.079%7-day average +0.131% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,349as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,358as in the Price arb table

costs, in and out, $10k−$1,33713.365% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 4 days (all we have)+0.174%+$17 · spread now −0.079%, 7d avg +0.131%

Together, before fees+0.051%+$5 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 0.211% cheaper against Gate than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.131%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STABLE_USDT	0.02516	0.0100	pay 0.0050% / 4h	3h 31m	$175K	$71K	50x
Short	KuCoin STABLEUSDTM	0.02514	0.0100	get 0.0050% / 4h	3h 31m	$180K	$29K	30x

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% → +0.131%: −$21.09
Slippage, 4 orders: −$1,309.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,357.63
Costs to cover: 13.365%
Break-even: never at this rate

Slippage from Gate: live order book, 35 min ago; KuCoin: live order book, 13 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, 35 min ago	5.95 bp	120.6 bp −$121	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 13 min ago	1.98 bp	232.7 bp −$233	doesn't fit	doesn't fit	doesn't fit

STABLE 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
BloFin STABLE-USDT	+0.0047%	4h	0.02506	−0.397%	$117K	$8K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02521	+0.191%	$116K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02520	+0.159%	$888K	$213K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02508	−0.303%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02522	+0.253%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02525	+0.358%	$1.5M	$772K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02523	+0.278%	$203K	$442K	20x	as long as short
Gate STABLE_USDTlong	+0.0100%	4h	0.02516	long leg	$175K	$71K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02513	−0.119%	$624K	$168K	20x	as long as short
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02514	−0.079%	$180K	$29K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02522	+0.238%	$295K	$118K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02523	+0.278%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02512	−0.155%	$147K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02508	−0.318%	$1K	$776K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02508	−0.300%	$12K	$177K	10x	as long as short