Funding arb · Price arb /

TWT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against KuCoin+0.226%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$361as in the Funding arb table

Net, price: spread back to 7d avg − costs−$347as in the Price arb table

costs, in and out, $10k−$3653.654% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.226%, 7d avg +0.041%

Together, before fees−0.037%−$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 0.184% dearer against KuCoin than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TWTUSDTM	0.5757	0.0100	pay 0.0050% / 4h	1h 47m	$808K	$788K	30x
Short	Gate TWT_USDT	0.5770	0.0100	get 0.0100% / 8h	5h 47m	$259K	$104K	50x

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 +0.226%Rate

Funding earned: $0
Price spread: +0.226% → +0.041%: $18.44
Slippage, 4 orders: −$338.43
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$347
Costs to cover: 3.654%
Break-even: never at this rate

Slippage from KuCoin: live order book, 59 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, 59 min ago	5.19 bp	111.8 bp −$112	367.1 bp −$3,671	doesn't fit	doesn't fit
Sell Gate live order book, 60 min ago	6.05 bp	71.6 bp −$72	doesn't fit	doesn't fit	doesn't fit

TWT on 8 exchanges

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 TWT-USDT	+0.0071%	4h	0.5760	+0.052%	$244K	$11K	75x	as long as short
Binance TWTUSDT	+0.0100%	4h	0.5757	0.000%	$3.8M	$2.0M	75x	as long as short
Bybit TWTUSDT	+0.0100%	4h	0.5764	+0.122%	$5.2M	$769K	25x	as long as short
Gate TWT_USDTshort	+0.0100%	8h	0.5770	+0.226%	$259K	$104K	50x
MEXC TWT_USDT	+0.0100%	4h	0.5757	0.000%	$6.7M	$160K	125x	as long as short
KuCoin TWTUSDTMlong	+0.0100%	4h	0.5757	long leg	$808K	$788K	30x
BingX TWT-USDT	+0.0100%	4h	0.5760	+0.052%	—	$2.5M	—	as long as short
Variational Omni TWT	+0.0100%	4h	0.5756	−0.017%	$220K	$1K	—	as long as short