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

F

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h +0.060%
Price spread now: KuCoin against Gate+0.054%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$290as in the Funding arb table
Net, price: spread back to 7d avg − costs−$342as in the Price arb table
costs, in and out, $10k−$3453.451% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.551%+$55 on $10k
Price spread, last 7 days−0.241%−$24 · spread now +0.054%, 7d avg +0.021%
Together, before fees+0.310%+$31 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and KuCoin is 0.033% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate F_USDT0.0036900.0087pay 0.0087% / 8h5h 11m$146K$1.4M25x
ShortKuCoin FUSDTM0.0036920.0100get 0.0050% / 4h1h 11m$663K$1.2M30x

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
$2.73
Price spread: +0.054% → +0.021%
$3.29
Slippage, 4 orders
−$318.13
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$339.11
Costs to cover
3.451%
Break-even
876.5 days
Slippage from Gate: live order book, just now; KuCoin: live order book, 3 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 now1.36 bp22.5 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 3 min ago1.35 bp123.6 bp −$124doesn't fitdoesn't fitdoesn't fit

F on 10 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
OKX F-USDT-SWAP−0.0158%4h0.003685−0.136%$720K$2.1M20xas long as short
Gate F_USDTlong+0.0087%8h0.003690long leg$146K$1.4M25x
Aster FUSDT+0.0100%4h0.003690+0.012%$15K$28K5xas long as short
Binance FUSDT+0.0100%4h0.003690+0.012%$3.9M$6.2M50xas long as short
Bybit FUSDT+0.0100%4h0.003687−0.081%$2.3M$2.3M25xas long as short
MEXC F_USDT+0.0100%4h0.003689−0.027%$620K$174K50xas long as short
KuCoin FUSDTMshort+0.0100%4h0.003692+0.054%$663K$1.2M30x
Bitget FUSDT+0.0100%4h0.003689−0.027%$482K$782K50xas long as short
BingX F-USDT+0.0100%4h0.003688−0.054%$6.6Mas long as short
Variational Omni F+0.0100%4h0.003698+0.211%$705$386as long as short