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

BANK

all BANK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.8% APRnext payment $0.13 per $10,000 · paid last 24h −0.071%
Price spread now: KuCoin against Gate−0.115%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$429as in the Funding arb table
Net, price: spread back to 7d avg − costs−$409as in the Price arb table
costs, in and out, $10k−$4014.012% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.280%−$28 on $10k
Price spread, last 7 days+0.152%+$15 · spread now −0.115%, 7d avg −0.042%
Together, before fees−0.129%−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.073% cheaper against Gate than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.042%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BANK_USDT0.034750.0126pay 0.0063% / 4h56m 48s$722K$1.3M10x
ShortKuCoin BANKUSDTM0.034710.0100get 0.0050% / 4h56m 48s$1.2M$189K50x

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

Funding earned
−$5.46
Price spread: −0.115% → −0.042%
−$7.32
Slippage, 4 orders
−$374.19
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$413.97
Costs to cover
4.012%
Break-even
never at this rate
Slippage from Gate: live order book, just now; KuCoin: live order book, 8 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 Gate live order book, just now7.20 bp106.3 bp −$106doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 8 min ago10.13 bp94.8 bp −$95555.1 bp −$5,551doesn't fitdoesn't fit

BANK on 11 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
KuCoin BANKUSDTMshort+0.0100%4h0.03471−0.115%$1.2M$189K50x
HTX BANK-USDT+0.0100%4h0.03472−0.086%$40K$229K20xas long as short
Aster BANKUSDT+0.0112%4h0.03472−0.086%$56K$96K5xas long as short
Gate BANK_USDTlong+0.0126%4h0.03475long leg$722K$1.3M10x
Binance BANKUSDT+0.0203%4h0.03473−0.068%$7.6M$31.5M50xas long as short
MEXC BANK_USDT+0.0206%4h0.03472−0.086%$2.5M$478K20xas long as short
edgeX BANKUSDC+0.0222%4h0.03474−0.024%$1K$245K5xas long as short
Bybit BANKUSDT+0.0401%4h0.03472−0.086%$2.9M$6.6M20xas long as short
BloFin BANK-USDT+0.0443%4h0.03471−0.115%$440K$91K50xas long as short
BingX BANK-USDT+0.0448%4h0.03472−0.086%$6.9Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BANKUSDT+0.0458%4h0.03470−0.144%$2.8M$3.6M25xas long as short