Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Gate+0.322%7-day average +0.135% · you sell dearer than you buy

Net, funding: paid 7d − costs−$764as in the Funding arb table

Net, price: spread back to 7d avg − costs−$733as in the Price arb table

costs, in and out, $10k−$7527.515% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 4 days (all we have)−0.283%−$28 · spread now +0.322%, 7d avg +0.135%

Together, before fees−0.406%−$41 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 0.186% dearer against Gate than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.135%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STABLE_USDT	0.02486	0.0100	pay 0.0050% / 4h	1h 12m	$175K	$58K	50x
Short	KuCoin STABLEUSDTM	0.02494	0.0100	get 0.0050% / 4h	1h 12m	$184K	$28K	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

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 +0.322%Rate

Funding earned: $0
Price spread: +0.322% → +0.135%: $18.64
Slippage, 4 orders: −$724.53
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$732.89
Costs to cover: 7.515%
Break-even: never at this rate

Slippage from Gate: live order book, 44 min ago; KuCoin: live order book, 8 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, 44 min ago	4.02 bp	99.6 bp −$100	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	6.00 bp	222.2 bp −$222	doesn't fit	doesn't fit	doesn't fit

STABLE on 15 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
BloFin STABLE-USDT	+0.0064%	4h	0.02492	+0.241%	$120K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02497	+0.422%	$115K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02486	+0.008%	$874K	$180K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02487	+0.029%	$19K	$8K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02486	0.000%	$2.6M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02488	+0.084%	$1.5M	$726K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02487	+0.040%	$200K	$379K	20x	as long as short
Gate STABLE_USDTlong	+0.0100%	4h	0.02486	long leg	$175K	$58K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02484	−0.080%	$615K	$169K	20x	as long as short
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02494	+0.322%	$184K	$28K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02485	−0.040%	$285K	$92K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02487	+0.040%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02497	+0.443%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02485	−0.056%	$2K	$833K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02485	−0.055%	$14K	$138K	10x	as long as short