Funding arb · Price arb /

ALT

all ALT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against KuCoin−0.105%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,270as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,274as in the Price arb table

costs, in and out, $10k−$1,27012.703% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.105%, 7d avg −0.064%

Together, before fees+0.057%+$6 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 0.042% cheaper against KuCoin than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ALTUSDTM	0.007599	0.0100	pay 0.0050% / 4h	3h 23m	$147K	$21K	30x
Short	Gate ALT_USDT	0.007591	0.0100	get 0.0100% / 8h	3h 23m	$49K	$382K	25x

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 −0.105%Rate

Funding earned: $0
Price spread: −0.105% → −0.064%: −$4.17
Slippage, 4 orders: −$1,243.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,274.47
Costs to cover: 12.703%
Break-even: never at this rate

Slippage from KuCoin: live order book, 41 min ago; Gate: live order book, 27 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, 41 min ago	9.81 bp	225.8 bp −$226	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 27 min ago	8.51 bp	264.6 bp −$265	doesn't fit	doesn't fit	doesn't fit

ALT on 14 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 ALT_USDC-PERPETUAL	−0.0408%	1h	0.007596	−0.039%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007691	+1.211%	$837	$4K	5.5x	as long as short
Kraken Futures PF_ALTUSD	+0.0042%	1h	0.007594	−0.062%	$44K	$8K	10x	as long as short
BloFin ALT-USDT	+0.0084%	4h	0.007596	−0.039%	$173K	$10K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007592	−0.092%	$1.1M	$145K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007597	−0.026%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007588	−0.145%	$1.2M	$1.8M	25x	as long as short
Gate ALT_USDTshort	+0.0100%	8h	0.007591	−0.105%	$49K	$382K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007598	−0.013%	$386K	$179K	50x	as long as short
KuCoin ALTUSDTMlong	+0.0100%	4h	0.007599	long leg	$147K	$21K	30x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDT	+0.0100%	4h	0.007592	−0.092%	$613K	$126K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007591	−0.105%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007594	−0.071%	$4K	$16K	—	as long as short
Coinbase International ALT-PERP-INTX	+0.0488%	1h	0.007691	+1.211%	$14K	$3K	50x	as long as short