Funding arb · Price arb /

W

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Gate+0.211%7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$698as in the Funding arb table

Net, price: spread back to 7d avg − costs−$692as in the Price arb table

costs, in and out, $10k−$7047.039% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)−0.217%−$22 · spread now +0.211%, 7d avg +0.090%

Together, before fees−0.163%−$16 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 0.120% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate W_USDT	0.01188	0.0100	pay 0.0050% / 4h	1h 47m	$432K	$230K	75x
Short	KuCoin WUSDTM	0.01190	0.0100	get 0.0050% / 4h	1h 47m	$398K	$196K	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 +0.211%Rate

Funding earned: $0
Price spread: +0.211% → +0.090%: $12.02
Slippage, 4 orders: −$676.85
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$691.83
Costs to cover: 7.039%
Break-even: never at this rate

Slippage from Gate: live order book, 58 min ago; KuCoin: live order book, 70 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, 58 min ago	8.57 bp	187.9 bp −$188	5317.2 bp −$53.2K	doesn't fit	doesn't fit
Sell KuCoin live order book, 70 min ago	8.52 bp	179.9 bp −$180	612.5 bp −$6,125	doesn't fit	doesn't fit

W on 17 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
Deribit W_USDC-PERPETUAL	0.0000%	1h	0.01191	+0.320%	$14K	$3K	10x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+1.811%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01191	+0.295%	$2.0M	$287K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01191	+0.284%	$3.0M	$5.4M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01188	+0.084%	$4.2M	$1.6M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01190	+0.202%	$1.3M	$1.6M	20x	as long as short
Gate W_USDTlong	+0.0100%	4h	0.01188	long leg	$432K	$230K	75x
MEXC W_USDT	+0.0100%	4h	0.01191	+0.312%	$12.5M	$1.4M	50x	as long as short
KuCoin WUSDTMshort	+0.0100%	4h	0.01190	+0.211%	$398K	$196K	50x
Bitget WUSDT	+0.0100%	4h	0.01191	+0.295%	$1.3M	$588K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01189	+0.152%	—	$6.7M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01186	−0.168%	$72K	$41K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01190	+0.190%	$126K	$382K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01191	+0.253%	$60K	$144K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0304%	1h	0.01196	+0.724%	$14K	$14K	50x	as long as short
Backpack W_USDC_PERP	+0.1201%	1h	0.01193	+0.438%	$44K	$39K	15x	as long as short
Kraken Futures PF_WUSD	+0.1543%	1h	0.01193	+0.453%	$149K	$188K	20x	as long as short