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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0126%/8h= +13.8% APRnext payment +$0.63 per $10,000 · paid last 24h −0.018%
Price spread now: MEXC against KuCoin+0.185%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$167as in the Funding arb table
Net, price: spread back to 7d avg − costs−$118as in the Price arb table
costs, in and out, $10k−$1321.319% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.347%−$35 on $10k
Price spread, last 7 days−0.247%−$25 · spread now +0.185%, 7d avg +0.043%
Together, before fees−0.594%−$59 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and MEXC is 0.142% dearer against KuCoin than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.043%. Mind the row above: over the last 7 days funding on this pair cost −0.347%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin 4USDTM0.021680.0522pay 0.0261% / 4h3h 37m$941K$12.8M20x
ShortMEXC 4_USDT0.021720.0648get 0.0324% / 4h3h 37m$1.9M$844K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC 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
$26.46
Price spread: +0.185% → +0.043%
$14.17
Slippage, 4 orders
−$115.87
Fee KuCoin: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$91.24
Costs to cover
1.319%
Break-even
31.1 days
Slippage from KuCoin: live order book, 11 min ago; MEXC: 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, 11 min ago2.32 bp61.1 bp −$61doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 4 min ago2.30 bp22.8 bp −$23114.2 bp −$1,142275.7 bp −$27.6Kdoesn't fit

4 on 9 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
Variational Omni 4+0.0100%4h0.02172+0.206%$50K$8Kas long as short
SunX 4-USDT+0.0100%4h0.02169+0.046%$2K$1.1M20xas long as short
Bybit 4USDT+0.0191%4h0.02169+0.037%$2.9M$1.7M5xas long as short
Aster 4USDT+0.0493%4h0.02167−0.046%$248K$95K5xas long as short
KuCoin 4USDTMlong+0.0522%4h0.02168long leg$941K$12.8M20x
BingX 4-USDT+0.0614%4h0.02172+0.175%$1.4Mas long as short
Binance 4USDT+0.0648%4h0.02173+0.212%$8.4M$11.2M20xas long as short
MEXC 4_USDTshort+0.0648%4h0.02172+0.185%$1.9M$844K100x
Gate 4_USDT+0.1424%4h0.02168−0.018%$593K$242K20xas long as short