Funding arb · Price arb /

IO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Gate−0.108%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs−$240as in the Price arb table

costs, in and out, $10k−$2282.275% of the position

Long on Gate Short on KuCoin

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)−0.007%−$1 · spread now −0.108%, 7d avg +0.019%

Together, before fees+0.017%+$2 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: KuCoin is 0.127% cheaper against Gate than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IO_USDT	0.1487	0.0100	pay 0.0050% / 4h	3h 30m	$229K	$446K	50x
Short	KuCoin IOUSDTM	0.1485	0.0100	get 0.0050% / 4h	3h 30m	$341K	$194K	50x

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

Position, each leg$Hold fordaysFee GatebpFee KuCoinbpOrdersPrice spread, now −0.108%Rate

Funding earned: $0
Price spread: −0.108% → +0.019%: −$12.67
Slippage, 4 orders: −$200.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$240.2
Costs to cover: 2.275%
Break-even: never at this rate

Slippage from Gate: live order book, 65 min ago; KuCoin: live order book, 3 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 Gate live order book, 65 min ago	6.39 bp	36.4 bp −$36	13209.4 bp −$132.1K	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	6.72 bp	61.1 bp −$61	doesn't fit	doesn't fit	doesn't fit

IO 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
Hyperliquid IO	+0.0100%	1h	0.1486	−0.054%	$996K	$277K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1486	−0.039%	$23K	$42K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1486	−0.064%	$3.0M	$4.9M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1483	−0.269%	$1.1M	$618K	25x	as long as short
Gate IO_USDTlong	+0.0100%	4h	0.1487	long leg	$229K	$446K	50x
MEXC IO_USDT	+0.0100%	4h	0.1484	−0.175%	$1.2M	$214K	125x	as long as short
KuCoin IOUSDTMshort	+0.0100%	4h	0.1485	−0.108%	$341K	$194K	50x
Bitget IOUSDT	+0.0100%	4h	0.1487	+0.027%	$1.4M	$946K	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1486	−0.040%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1485	−0.124%	$30K	$18K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1486	−0.057%	$3K	$212K	5x	as long as short
BloFin IO-USDT	+0.0105%	4h	0.1490	+0.229%	$192K	$33K	50x	as long as short
Injective IO/USDC PERP	+0.0277%	1h	0.1492	+0.363%	$2K	$196	5.5x	as long as short
Kraken Futures PF_IOUSD	+4.0073%	1h	0.1490	+0.208%	$38K	$7K	10x	as long as short