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−0.0161%/8h= −17.6% APRpaid last 24h −0.060%
Price spread now: Gate against KuCoin−0.054%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$390as in the Funding arb table
Net, price: spread back to 7d avg − costs−$338as in the Price arb table
costs, in and out, $10k−$3353.347% 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+0.201%+$20 · spread now −0.054%, 7d avg −0.021%
Together, before fees−0.350%−$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.033% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.021%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin FUSDTM0.0036720.0100pay 0.0050% / 4h1h 59m$721K$1.2M30x
ShortGate F_USDT0.003670−0.0061pay 0.0061% / 8h5h 59m$147K$1.3M25x

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

Funding earned
−$33.81
Price spread: −0.054% → −0.021%
−$3.31
Slippage, 4 orders
−$307.68
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$371.8
Costs to cover
3.347%
Break-even
never at this rate
Slippage from KuCoin: live order book, 1 min ago; Gate: 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 KuCoin live order book, 1 min ago1.36 bp208.5 bp −$209doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 3 min ago1.36 bp31.2 bp −$31doesn'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−0.0234%4h0.003664−0.218%$713K$2.1M20xas long as short
Gate F_USDTshort−0.0061%8h0.003670−0.054%$147K$1.3M25x
Aster FUSDT+0.0100%4h0.003670−0.041%$15K$28K5xas long as short
Binance FUSDT+0.0100%4h0.003670−0.054%$3.9M$6.4M50xas long as short
Bybit FUSDT+0.0100%4h0.003668−0.109%$2.3M$2.2M25xas long as short
MEXC F_USDT+0.0100%4h0.003671−0.027%$617K$172K50xas long as short
KuCoin FUSDTMlong+0.0100%4h0.003672long leg$721K$1.2M30x
Bitget FUSDT+0.0100%4h0.003669−0.082%$480K$808K50xas long as short
BingX F-USDT+0.0100%4h0.003669−0.082%$6.6Mas long as short
Variational Omni F+0.0100%4h0.003665−0.194%$698$386as long as short