Funding arb · Price arb /

AR

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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 +0.031%

Price spread now: KuCoin against Gate+0.089%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$318as in the Funding arb table

Net, price: spread back to 7d avg − costs−$326as in the Price arb table

costs, in and out, $10k−$3293.288% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 7 days−0.114%−$11 · spread now +0.089%, 7d avg +0.062%

Together, before fees−0.006%−$1 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 0.027% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate AR_USDT	4.4890	0.0100	pay 0.0100% / 8h	6h 44m	$2.5M	$2.1M	50x
Short	KuCoin ARUSDTM	4.4930	0.0100	get 0.0100% / 8h	6h 44m	$1.4M	$1.1M	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 +0.089%Rate

Funding earned: $0
Price spread: +0.089% → +0.062%: $2.67
Slippage, 4 orders: −$301.78
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$326.1
Costs to cover: 3.288%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; KuCoin: live order book, 6 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, 4 min ago	5.57 bp	70.1 bp −$70	255.7 bp −$2,557	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	6.68 bp	101.2 bp −$101	534.5 bp −$5,345	doesn't fit	doesn't fit

AR 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
Kraken Futures PF_ARUSD	−0.1700%	1h	4.5068	+0.397%	$55K	$149K	20x	as long as short
Injective AR/USDC PERP	−0.0353%	1h	4.6110	+2.718%	$2K	$2K	5.5x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4837	−0.119%	$576K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0135%	8h	4.4940	+0.111%	$2.3M	$19.3M	20x	as long as short
MEXC AR_USDT	+0.0018%	8h	4.4910	+0.045%	$6.4M	$4.3M	100x	as long as short
Binance ARUSDT	+0.0021%	8h	4.4936	+0.103%	$8.9M	$53.2M	75x	as long as short
Extended AR-USD	+0.0024%	1h	4.4925	+0.078%	$37K	$243K	10x	as long as short
BloFin AR-USDT	+0.0050%	8h	4.5040	+0.334%	$433K	$528K	20x	as long as short
Hyperliquid AR	+0.0100%	1h	4.4961	+0.158%	$4.0M	$4.7M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4843	−0.104%	$26K	$500K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ARUSDT	+0.0100%	8h	4.4920	+0.067%	$4.5M	$8.4M	75x	as long as short
Gate AR_USDTlong	+0.0100%	8h	4.4890	long leg	$2.5M	$2.1M	50x
KuCoin ARUSDTMshort	+0.0100%	8h	4.4930	+0.089%	$1.4M	$1.1M	50x
Bitget ARUSDT	+0.0100%	8h	4.4890	0.000%	$3.8M	$5.4M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.4880	−0.022%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4893	+0.007%	$140K	$165K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4910	+0.045%	$20K	$742K	50x	as long as short