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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.27 per $10,000 · paid last 24h +0.026%
Price spread now: Gate against KuCoin+0.084%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,178as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,166as in the Price arb table
costs, in and out, $10k−$1,16711.671% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.107%−$11 on $10k
Price spread, last 4 days (all we have)−0.149%−$15 · spread now +0.084%, 7d avg +0.072%
Together, before fees−0.255%−$26 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.072%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.107%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin 4USDTM0.020250.0528pay 0.0264% / 4h1h 02m$891K$12.7M20x
ShortGate 4_USDT0.020270.0582get 0.0291% / 4h1h 02m$556K$329K20x

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
$11.34
Price spread: +0.084% → +0.072%
$1.24
Slippage, 4 orders
−$1,140.05
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$1,154.47
Costs to cover
11.671%
Break-even
719.6 days
Slippage from KuCoin: live order book, 6 min ago; Gate: live order book, 38 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, 6 min ago4.91 bp255.9 bp −$256doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 38 min ago6.19 bp451.4 bp −$451doesn't fitdoesn't fitdoesn't fit

4 on 9 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
Variational Omni 4+0.0100%4h0.02034+0.437%$46K$9Kas long as short
SunX 4-USDT+0.0100%4h0.02026+0.049%$2K$1.5M20xas long as short
Bybit 4USDT+0.0101%4h0.02025−0.005%$2.7M$2.1M5xas long as short
Aster 4USDT+0.0255%4h0.02027+0.094%$240K$115K5xas long as short
BingX 4-USDT+0.0434%4h0.02031+0.277%$1.4Mas long as short
Binance 4USDT+0.0439%4h0.02026+0.035%$8.0M$14.0M20xas long as short
MEXC 4_USDT+0.0448%4h0.02027+0.099%$1.7M$961K100xas long as short
KuCoin 4USDTMlong+0.0528%4h0.02025long leg$891K$12.7M20x
Gate 4_USDTshort+0.0582%4h0.02027+0.084%$556K$329K20x