Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against KuCoin+0.029%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$952as in the Funding arb table

Net, price: spread back to 7d avg − costs−$951as in the Price arb table

costs, in and out, $10k−$9539.530% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now +0.029%, 7d avg +0.006%

Together, before fees+0.028%+$3 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 0.023% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BASEDUSDTM	0.06894	0.0100	pay 0.0050% / 4h	2h 24m	$574K	$71K	20x
Short	Gate BASED_USDT	0.06896	0.0100	get 0.0050% / 4h	2h 24m	$542K	$567K	50x

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 +0.029%Rate

Funding earned: $0
Price spread: +0.029% → +0.006%: $2.35
Slippage, 4 orders: −$925.99
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$950.64
Costs to cover: 9.530%
Break-even: never at this rate

Slippage from KuCoin: live order book, 13 min ago; Gate: live order book, 41 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, 13 min ago	19.81 bp	502.3 bp −$502	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 41 min ago	7.27 bp	36.9 bp −$37	doesn't fit	doesn't fit	doesn't fit

BASED 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
Binance BASEDUSDT	+0.0100%	4h	0.06895	+0.007%	$4.3M	$3.2M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06887	−0.102%	$2.1M	$654K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06890	−0.058%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDTshort	+0.0100%	4h	0.06896	+0.029%	$542K	$567K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06901	+0.102%	$4.9M	$629K	50x	as long as short
KuCoin BASEDUSDTMlong	+0.0100%	4h	0.06894	long leg	$574K	$71K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06903	+0.131%	$1.3M	$387K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06898	+0.058%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06889	−0.075%	$94K	$17K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06870	−0.348%	$93K	$372K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06902	+0.116%	$2K	$879K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06897	+0.046%	$3K	$205K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0264%	4h	0.06897	+0.044%	$3K	$1K	10x	as long as short
Aster BASEDUSDT	+0.0389%	4h	0.06903	+0.129%	$29K	$6K	5x	as long as short