Settings8H · net · $10k
Funding arb · Price arb /

USUAL

all USUAL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against KuCoin+0.072%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,064as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,055as in the Price arb table
costs, in and out, $10k−$1,06310.633% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%−$1 on $10k
Price spread, last 4 days (all we have)−0.321%−$32 · spread now +0.072%, 7d avg −0.015%
Together, before fees−0.326%−$33 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 0.087% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin USUALUSDTM0.013880.0100pay 0.0050% / 4h1h 29m$273K$56K20x
ShortGate USUAL_USDT0.013890.0100get 0.0100% / 8h5h 29m$938K$102K50x

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

Funding earned
$0
Price spread: +0.072% → −0.015%
$8.7
Slippage, 4 orders
−$1,036.29
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$1,054.59
Costs to cover
10.633%
Break-even
never at this rate
Slippage from KuCoin: live order book, 66 min ago; Gate: live order book, 32 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 66 min ago21.71 bp266.5 bp −$267doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 32 min ago3.61 bp130.8 bp −$131doesn't fitdoesn't fitdoesn't fit

USUAL on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective USUAL/USDC PERP−0.4981%1h0.01365−1.657%$6K$2K5.5xas long as short
Kraken Futures PF_USUALUSD−0.0748%1h0.01388−0.024%$113K$18K10xas long as short
Hyperliquid USUAL+0.0100%1h0.01389+0.072%$397K$179K3xas long as short
Binance USUALUSDT+0.0100%4h0.01388+0.012%$2.2M$3.2M50xas long as short
Bybit USUALUSDT+0.0100%4h0.01389+0.050%$1.1M$743K25xas long as short
Gate USUAL_USDTshort+0.0100%8h0.01389+0.072%$938K$102K50x
MEXC USUAL_USDT+0.0100%4h0.01388+0.029%$6.1M$229K100xas long as short
KuCoin USUALUSDTMlong+0.0100%4h0.01388long leg$273K$56K20x
Bitget USUALUSDT+0.0100%4h0.01389+0.072%$830K$375K50xas long as short
BingX USUAL-USDT+0.0100%4h0.01387−0.072%$1.2Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni USUAL+0.0100%4h0.01388+0.019%$10K$208as long as short