Funding arb · Price arb /

CP

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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−0.210%7-day average −0.188% · you buy dearer than you sell

Net, funding: paid 7d − costs−$613as in the Funding arb table

Net, price: spread back to 7d avg − costs−$611as in the Price arb table

costs, in and out, $10k−$6096.089% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)−0.005%$0 · spread now −0.210%, 7d avg −0.188%

Together, before fees−0.051%−$5 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 0.022% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.188%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CPUSDTM	0.01430	0.0100	pay 0.0050% / 4h	2h 30m	$202K	$892K	20x
Short	Gate CP_USDT	0.01427	0.0100	get 0.0050% / 4h	2h 30m	$614K	$520K	20x

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 −0.210%Rate

Funding earned: $0
Price spread: −0.210% → −0.188%: −$2.21
Slippage, 4 orders: −$581.88
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$611.08
Costs to cover: 6.089%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Gate: live order book, 16 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, 9 min ago	10.46 bp	271.0 bp −$271	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 16 min ago	10.46 bp	73.2 bp −$73	doesn't fit	doesn't fit	doesn't fit

CP on 8 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
BingX CP-USDT	+0.0070%	4h	0.01426	−0.280%	—	$1.1M	—	as long as short
OKX CP-USDT-SWAP	+0.0100%	4h	0.01427	−0.210%	$4.0M	$11.8M	20x	as long as short
Gate CP_USDTshort	+0.0100%	4h	0.01427	−0.210%	$614K	$520K	20x
MEXC CP_USDT	+0.0100%	4h	0.01427	−0.210%	$1.6M	$392K	20x	as long as short
KuCoin CPUSDTMlong	+0.0100%	4h	0.01430	long leg	$202K	$892K	20x
Bitget CPUSDT	+0.0100%	4h	0.01428	−0.147%	$810K	$1.7M	20x	as long as short
BloFin CP-USDT	+0.0122%	4h	0.01425	−0.350%	$428	$42K	20x	as long as short
Bybit CPUSDT	+0.1606%	4h	0.01430	0.000%	$1.6M	$3.0M	20x	as long as short