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: KuCoin against MEXC−0.184%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$146as 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 −0.184%, 7d avg −0.043%
Together, before fees+0.593%+$59 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.141% cheaper against MEXC than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.043%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.347%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC 4_USDT0.021720.0648pay 0.0324% / 4h3h 37m$1.9M$844K100x
ShortKuCoin 4USDTM0.021680.0522get 0.0261% / 4h3h 37m$941K$12.8M20x

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

Funding earned
−$26.46
Price spread: −0.184% → −0.043%
−$14.14
Slippage, 4 orders
−$115.87
Fee MEXC: 2 bp × 2 orders
−$4
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$172.47
Costs to cover
1.319%
Break-even
never at this rate
Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 11 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 MEXC live order book, 4 min ago2.30 bp13.4 bp −$13104.3 bp −$1,043267.8 bp −$26.8Kdoesn't fit
Sell KuCoin live order book, 11 min ago2.32 bp34.6 bp −$35doesn't fitdoesn't fitdoesn'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+0.021%$50K$8Kas long as short
SunX 4-USDT+0.0100%4h0.02169−0.138%$2K$1.1M20xas long as short
Bybit 4USDT+0.0191%4h0.02169−0.147%$2.9M$1.7M5xas long as short
Aster 4USDT+0.0493%4h0.02167−0.230%$248K$95K5xas long as short
KuCoin 4USDTMshort+0.0522%4h0.02168−0.184%$941K$12.8M20x
BingX 4-USDT+0.0614%4h0.02172−0.009%$1.4Mas long as short
Binance 4USDT+0.0648%4h0.02173+0.028%$8.4M$11.2M20xas long as short
MEXC 4_USDTlong+0.0648%4h0.02172long leg$1.9M$844K100x
Gate 4_USDT+0.1424%4h0.02168−0.203%$593K$242K20xas long as short