Funding arb · Price arb /

W

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against KuCoin−0.059%7-day average −0.095% · you buy dearer than you sell

Net, funding: paid 7d − costs−$762as in the Funding arb table

Net, price: spread back to 7d avg − costs−$754as in the Price arb table

costs, in and out, $10k−$7587.577% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.059%, 7d avg −0.095%

Together, before fees+0.095%+$10 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 0.036% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WUSDTM	0.01186	0.0100	pay 0.0050% / 4h	1h 50m	$387K	$179K	50x
Short	Gate W_USDT	0.01185	0.0100	get 0.0050% / 4h	1h 50m	$433K	$167K	75x

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 −0.059%Rate

Funding earned: $0
Price spread: −0.059% → −0.095%: $3.56
Slippage, 4 orders: −$730.66
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$754.1
Costs to cover: 7.577%
Break-even: never at this rate

Slippage from KuCoin: live order book, 54 min ago; Gate: live order book, 58 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, 54 min ago	21.21 bp	147.7 bp −$148	529.7 bp −$5,297	doesn't fit	doesn't fit
Sell Gate live order book, 58 min ago	11.51 bp	170.0 bp −$170	doesn't fit	doesn't fit	doesn't fit

W on 17 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
Deribit W_USDC-PERPETUAL	−0.0759%	1h	0.01188	+0.135%	$14K	$4K	10x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+1.939%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01189	+0.253%	$2.0M	$256K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01189	+0.222%	$3.0M	$4.6M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01186	+0.008%	$4.1M	$1.5M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01187	+0.076%	$1.3M	$1.3M	20x	as long as short
Gate W_USDTshort	+0.0100%	4h	0.01185	−0.059%	$433K	$167K	75x
MEXC W_USDT	+0.0100%	4h	0.01189	+0.219%	$12.4M	$1.2M	50x	as long as short
KuCoin WUSDTMlong	+0.0100%	4h	0.01186	long leg	$387K	$179K	50x
Bitget WUSDT	+0.0100%	4h	0.01189	+0.253%	$1.3M	$529K	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01187	+0.101%	—	$6.6M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01185	−0.097%	$69K	$20K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01186	0.000%	$127K	$375K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01188	+0.193%	$61K	$392K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0640%	1h	0.01190	+0.363%	$13K	$12K	50x	as long as short
Kraken Futures PF_WUSD	+0.0875%	1h	0.01190	+0.358%	$148K	$48K	20x	as long as short
Backpack W_USDC_PERP	+0.0924%	1h	0.01189	+0.245%	$45K	$46K	15x	as long as short