Funding arb · Price arb /

ONE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−1.0327%/8h= −1130.8% APRpaid last 24h −7.678%

Price spread now: KuCoin against Gate+6.589%7-day average +3.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3,999as in the Funding arb table

Net, price: spread back to 7d avg − costs−$794as in the Price arb table

costs, in and out, $10k−$1,14711.473% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−28.520%−$2,852 on $10k

Price spread, last 7 days−8.681%−$868 · spread now +6.589%, 7d avg +3.054%

Together, before fees−37.201%−$3,720 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 3.535% dearer against Gate than usual: you sell high and buy low (spread +6.589% now, against its 7-day average of +3.054%): +$353 on $10k if it goes back. Holding the pair costs −$310 a day in funding at the current rate, which eats that in about 27 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ONE_USDT	0.004295	−0.0409	get 0.0409% / 8h	1h 13m	$1.7M	$16.9M	20x
Short	KuCoin ONEUSDTM	0.004578	−1.0736	pay 0.1342% / 1h	13m 36s	$5.1M	$13.0M	30x

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

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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 +6.589%Rate

Funding earned: −$2,168.67
Price spread: +6.589% → +3.054%: $353.46
Slippage, 4 orders: −$1,120.3
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$2,962.51
Costs to cover: 11.473%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago	4.61 bp	226.9 bp −$227	1405.6 bp −$14.1K	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	8.52 bp	330.0 bp −$330	doesn't fit	doesn't fit	doesn't fit

ONE on 9 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
Variational Omni ONE	−1.2056%	1h	0.004330	+0.817%	$107K	$54K	—	as long as short
KuCoin ONEUSDTMshort	−1.0736%	1h	0.004578	+6.589%	$5.1M	$13.0M	30x
Bitget ONEUSDT	−0.4624%	1h	0.004322	+0.631%	$1.8M	$37.6M	20x	as long as short
BloFin ONE-USDT	−0.3980%	1h	0.004330	+0.822%	$814K	$3.3M	50x	as long as short
Aster ONEUSDT	−0.1780%	1h	0.004296	+0.020%	$2.3M	$8.5M	5x	as long as short
MEXC ONE_USDT	−0.1616%	1h	0.004290	−0.116%	$10.9M	$16.8M	20x	as long as short
Binance ONEUSDT	−0.1614%	1h	0.004298	+0.076%	$14.4M	$361.0M	50x	as long as short
Gate ONE_USDTlong	−0.0409%	8h	0.004295	long leg	$1.7M	$16.9M	20x
BingX ONE-USDT	−0.0152%	1h	0.004307	+0.286%	—	$6.6M	—	as long as short