Funding arb · Price arb /

STABLE

all STABLE markets

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: Gate against KuCoin−0.240%7-day average −0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,039as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,062as in the Price arb table

costs, in and out, $10k−$1,05210.518% of the position

Long on KuCoin Short on Gate

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)+0.129%+$13 · spread now −0.240%, 7d avg −0.134%

Together, before fees+0.252%+$25 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: Gate is 0.106% cheaper against KuCoin than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.134%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STABLEUSDTM	0.02496	0.0100	pay 0.0050% / 4h	1h 59m	$184K	$30K	30x
Short	Gate STABLE_USDT	0.02490	0.0100	get 0.0050% / 4h	1h 59m	$174K	$55K	50x

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

Position, each leg$Hold fordaysFee KuCoinbpFee GatebpOrdersPrice spread, now −0.240%Rate

Funding earned: $0
Price spread: −0.240% → −0.134%: −$10.62
Slippage, 4 orders: −$1,024.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,062.42
Costs to cover: 10.518%
Break-even: never at this rate

Slippage from KuCoin: live order book, 30 min ago; Gate: live order book, 62 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 KuCoin live order book, 30 min ago	6.00 bp	304.7 bp −$305	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 62 min ago	6.02 bp	136.0 bp −$136	doesn't fit	doesn't fit	doesn't fit

STABLE 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
Lighter STABLE	+0.0096%	1h	0.02504	+0.308%	$115K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02491	−0.200%	$878K	$201K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02490	−0.248%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02492	−0.162%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02494	−0.096%	$1.5M	$766K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02494	−0.080%	$201K	$412K	20x	as long as short
Gate STABLE_USDTshort	+0.0100%	4h	0.02490	−0.240%	$174K	$55K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02490	−0.240%	$609K	$165K	20x	as long as short
KuCoin STABLEUSDTMlong	+0.0100%	4h	0.02496	long leg	$184K	$30K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02493	−0.120%	$292K	$97K	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02491	−0.200%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02493	−0.118%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02489	−0.272%	$2K	$819K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02490	−0.227%	$12K	$144K	10x	as long as short