Funding arb · Price arb /

CC

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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 0.000%

Price spread now: Gate against KuCoin−0.017%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$310as in the Funding arb table

Net, price: spread back to 7d avg − costs−$300as in the Price arb table

costs, in and out, $10k−$3083.079% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now −0.017%, 7d avg −0.096%

Together, before fees−0.073%−$7 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 0.079% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CCUSDTM	0.1192	0.0100	pay 0.0050% / 4h	1h 06m	$491K	$100K	50x
Short	Gate CC_USDT	0.1192	0.0100	get 0.0050% / 4h	1h 06m	$365K	$197K	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 −0.017%Rate

Funding earned: $0
Price spread: −0.017% → −0.096%: $7.92
Slippage, 4 orders: −$280.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$299.94
Costs to cover: 3.079%
Break-even: never at this rate

Slippage from KuCoin: live order book, 37 min ago; Gate: live order book, 34 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, 37 min ago	23.76 bp	92.4 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 34 min ago	7.65 bp	32.4 bp −$32	doesn't fit	doesn't fit	doesn't fit

CC on 19 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
Injective CC/USDC PERP	+0.0033%	1h	0.1180	−1.048%	$402	$3K	5.5x	as long as short
Bybit CCUSDT	+0.0057%	4h	0.1191	−0.126%	$11.0M	$3.8M	25x	as long as short
MEXC CC_USDT	+0.0064%	4h	0.1190	−0.201%	$1.9M	$362K	100x	as long as short
Paradex CC-USD-PERP	+0.0097%	8h	0.1191	−0.085%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1193	+0.067%	$5.5M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1192	−0.067%	$35K	$27K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1191	−0.162%	$11.2M	$11.9M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1192	−0.067%	$2.6M	$3.1M	20x	as long as short
Gate CC_USDTshort	+0.0100%	4h	0.1192	−0.017%	$365K	$197K	50x
KuCoin CCUSDTMlong	+0.0100%	4h	0.1192	long leg	$491K	$100K	50x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1192	−0.034%	$929K	$745K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1191	−0.101%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1191	−0.151%	$16K	$23K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1185	−0.664%	$604K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1191	−0.134%	$86K	$2.9M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1191	−0.098%	$6K	$33K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1191	−0.159%	$600K	$95K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0453% / S −0.0241%	1h	0.1193	+0.053%	$44K	—	50x	as long as short
Lighter CC	+0.1080%	1h	0.1196	+0.327%	$255K	$172K	5x	as long as short