Funding arb · Price arb /

2Z

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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 +0.003%

Price spread now: KuCoin against MEXC−0.036%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1561.563% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.676%+$68 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.036%, 7d avg −0.081%

Together, before fees+0.628%+$63 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 0.045% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC 2Z_USDT	0.05234	0.0100	pay 0.0050% / 4h	21m 07s	$325K	$131K	50x
Short	KuCoin 2ZUSDTM	0.05232	0.0100	get 0.0050% / 4h	21m 07s	$193K	$53K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → −0.081%: $4.46
Slippage, 4 orders: −$140.34
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$151.88
Costs to cover: 1.563%
Break-even: never at this rate

Slippage from MEXC: live order book, 19 min ago; KuCoin: live order book, 59 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 MEXC live order book, 19 min ago	7.68 bp	15.0 bp −$15	65.1 bp −$651	264.2 bp −$26.4K	doesn't fit
Sell KuCoin live order book, 59 min ago	14.13 bp	71.4 bp −$71	604.1 bp −$6,041	doesn't fit	doesn't fit

2Z on 17 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
Backpack 2Z_USDC_PERP	−0.0676%	1h	0.05228	−0.115%	$46K	$29K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.853%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05241	+0.134%	$17K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05233	−0.010%	$676K	$366K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05235	+0.015%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05236	+0.038%	$75K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05232	−0.039%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05236	+0.038%	$692K	$980K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05233	−0.019%	$451K	$726K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05232	−0.038%	$91K	$65K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 2Z_USDTlong	+0.0100%	4h	0.05234	long leg	$325K	$131K	50x
KuCoin 2ZUSDTMshort	+0.0100%	4h	0.05232	−0.036%	$193K	$53K	50x
Bitget 2ZUSDT	+0.0100%	4h	0.05230	−0.076%	$156K	$640K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05235	+0.019%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05234	−0.009%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05237	+0.057%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.0798%	1h	0.05238	+0.079%	$5K	$3K	10x	as long as short