Settings8H · net · $10k
Funding arb · Price arb /

W

all W markets
SwapBacktest
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: Gate against KuCoin−0.085%7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$662as in the Funding arb table
Net, price: spread back to 7d avg − costs−$657as in the Price arb table
costs, in and out, $10k−$6586.577% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.042%−$4 on $10k
Price spread, last 4 days (all we have)+0.085%+$9 · spread now −0.085%, 7d avg −0.094%
Together, before fees+0.043%+$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin WUSDTM0.011710.0100pay 0.0050% / 4h3h 26m$385K$190K50x
ShortGate W_USDT0.011700.0100get 0.0050% / 4h3h 26m$427K$217K75x

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
$0
Price spread: −0.085% → −0.094%
$0.85
Slippage, 4 orders
−$630.73
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$656.87
Costs to cover
6.577%
Break-even
never at this rate
Slippage from KuCoin: live order book, 67 min ago; Gate: live order book, 4 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, 67 min ago21.29 bp105.7 bp −$106534.2 bp −$5,342doesn't fitdoesn't fit
Sell Gate live order book, 4 min ago11.12 bp164.3 bp −$164doesn't fitdoesn't fitdoesn't fit

W on 17 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
Deribit W_USDC-PERPETUAL−0.0176%1h0.01173+0.162%$14K$4K10xas long as short
Injective W/USDC PERP+0.0033%1h0.01209+3.245%$1K$1K12xas long as short
Hyperliquid W+0.0100%1h0.01174+0.256%$2.0M$271K5xas long as short
Binance WUSDT+0.0100%4h0.01174+0.222%$3.0M$5.0M50xas long as short
Bybit WUSDT+0.0100%4h0.01173+0.137%$4.1M$1.5M50xas long as short
OKX W-USDT-SWAP+0.0100%4h0.01174+0.265%$1.3M$1.4M20xas long as short
Gate W_USDTshort+0.0100%4h0.01170−0.085%$427K$217K75x
MEXC W_USDT+0.0100%4h0.01173+0.162%$12.3M$1.3M50xas long as short
KuCoin WUSDTMlong+0.0100%4h0.01171long leg$385K$190K50x
Bitget WUSDT+0.0100%4h0.01174+0.256%$1.3M$541K50xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX W-USDT+0.0100%4h0.01173+0.145%$6.7Mas long as short
Variational Omni W+0.0100%4h0.01171−0.042%$71K$38Kas long as short
GRVT W_USDT_Perp+0.0100%4h0.01173+0.171%$126K$374K10xas long as short
Extended W-USD+0.0104%1h0.01173+0.167%$63K$388K5xas long as short
Coinbase International W-PERP-INTX+0.0384%1h0.01183+0.982%$13K$12K50xas long as short
Backpack W_USDC_PERP+0.0494%1h0.01175+0.342%$44K$52K15xas long as short
Kraken Futures PF_WUSD+0.0899%1h0.01176+0.422%$146K$48K20xas long as short