Funding arb · Price arb /

AIXBT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC−0.089%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$387as in the Funding arb table

Net, price: spread back to 7d avg − costs−$381as in the Price arb table

costs, in and out, $10k−$3703.699% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.089%, 7d avg +0.021%

Together, before fees−0.115%−$12 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 0.109% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AIXBT_USDT	0.02250	0.0100	pay 0.0050% / 4h	1h 14m	$447K	$187K	100x
Short	KuCoin AIXBTUSDTM	0.02248	0.0100	get 0.0050% / 4h	1h 14m	$1.1M	$1.4M	30x

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 −0.089%Rate

Funding earned: $0
Price spread: −0.089% → +0.021%: −$10.94
Slippage, 4 orders: −$353.92
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$380.86
Costs to cover: 3.699%
Break-even: never at this rate

Slippage from MEXC: live order book, 60 min ago; KuCoin: live order book, 1 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, 60 min ago	2.22 bp	12.5 bp −$12	43.4 bp −$434	130.6 bp −$13.1K	190.5 bp −$95.3K
Sell KuCoin live order book, 1 min ago	2.22 bp	182.8 bp −$183	doesn't fit	doesn't fit	doesn't fit

AIXBT 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
Kraken Futures PF_AIXBTUSD	−0.0901%	1h	0.02250	+0.016%	$20K	$7K	10x	as long as short
Variational Omni AIXBT	+0.0089%	4h	0.02243	−0.324%	$99K	$11K	—	as long as short
Hyperliquid AIXBT	+0.0100%	1h	0.02252	+0.067%	$374K	$179K	3x	as long as short
Binance AIXBTUSDT	+0.0100%	4h	0.02250	0.000%	$2.4M	$2.9M	50x	as long as short
Bybit AIXBTUSDT	+0.0100%	4h	0.02247	−0.142%	$1.2M	$958K	25x	as long as short
OKX AIXBT-USDT-SWAP	+0.0100%	4h	0.02248	−0.089%	$451K	$1.5M	20x	as long as short
Gate AIXBT_USDT	+0.0100%	4h	0.02248	−0.089%	$193K	$80K	25x	as long as short
MEXC AIXBT_USDTlong	+0.0100%	4h	0.02250	long leg	$447K	$187K	100x
KuCoin AIXBTUSDTMshort	+0.0100%	4h	0.02248	−0.089%	$1.1M	$1.4M	30x
Bitget AIXBTUSDT	+0.0100%	4h	0.02253	+0.133%	$646K	$454K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AIXBT-USDT	+0.0100%	4h	0.02249	−0.044%	—	$6.6M	—	as long as short
BloFin AIXBT-USDT	+0.0156%	4h	0.02248	−0.089%	$118K	$63K	50x	as long as short
GMX AIXBT/USD [ETH-USDC]	L +0.0269% / S −0.0489%	1h	0.02249	−0.036%	$5K	—	100x	as long as short
Reya AIXBTRUSDPERP	+0.0372%	1h	0.02248	−0.102%	—	—	—	as long as short