Funding you earn now, next payment 04:00 UTC−0.0324%/8h= −35.5% APRnext payment −$1.62 per $10,000 · paid last 24h −0.235%
Price spread now: KuCoin against MEXC−0.171%7-day average −0.246% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,713as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,685as in the Price arb table
costs, in and out, $10k−$1,69316.925% of the position
Funding, last 7 days−0.207%−$21 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.171%, 7d avg −0.246%
=The price spread pays, funding is against you. KuCoin is 0.075% dearer against MEXC than usual: you sell high and buy low (spread −0.171% now, against its 7-day average of −0.246%): +$7 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.207% in total) that is about 2.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.207% in total (about -10.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.62 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ALCH_USDT | 0.05255 | 0.2078 | pay 0.1039% / 4h | 3h 54m | $5.1M | $2.2M | 100x |
| Short | KuCoin ALCHUSDTM | 0.05246 | 0.1754 | get 0.0877% / 4h | 3h 54m | $1.3M | $244K | 10x |
MEXC ALCH_USDT
KuCoin ALCHUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$68.04
- Price spread: −0.171% → −0.246%
- $7.46
- Slippage, 4 orders
- −$1,676.53
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,753.11
- Costs to cover
- 16.925%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 3 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy MEXC live order book, 3 min ago | 19.93 bp | 31.9 bp −$32 | 115.8 bp −$1,158 | 159.1 bp −$15.9K | 417.1 bp −$208.5K |
| Sell KuCoin live order book, 11 min ago | 19.09 bp | 657.2 bp −$657 | doesn't fit | doesn't fit | doesn't fit |
ALCH on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX ALCH-USDT | +0.0070% | 4h | 0.05247 | −0.152% | — | $6.7M | — | as long as short |
| Bybit ALCHUSDT | +0.0100% | 4h | 0.05242 | −0.247% | $3.3M | $5.3M | 20x | as long as short |
| Gate ALCH_USDT | +0.0100% | 4h | 0.05247 | −0.152% | $284K | $623K | 20x | as long as short |
| Bitget ALCHUSDT | +0.0100% | 4h | 0.05256 | +0.019% | $981K | $1.4M | 10x | as long as short |
| Variational Omni ALCH | +0.0100% | 4h | 0.05283 | +0.538% | $3K | $17K | — | as long as short |
| Aster ALCHUSDT | +0.1598% | 4h | 0.05265 | +0.196% | $12K | $68K | 5x | as long as short |
| KuCoin ALCHUSDTMshort | +0.1754% | 4h | 0.05246 | −0.171% | $1.3M | $244K | 10x | |
| Kraken Futures PF_ALCHUSD | +0.1846% | 1h | 0.05258 | +0.062% | $9K | $30K | 10x | as long as short |
| Binance ALCHUSDT | +0.2051% | 4h | 0.05252 | −0.057% | $6.4M | $24.6M | 10x | as long as short |
| BloFin ALCH-USDT | +0.2077% | 4h | 0.05258 | +0.057% | $412K | $106K | 10x | as long as short |
BingX ALCH-USDT
Bybit ALCHUSDT
Gate ALCH_USDT
Bitget ALCHUSDT
Variational Omni ALCH
Aster ALCHUSDT
Kraken Futures PF_ALCHUSD
Binance ALCHUSDT
BloFin ALCH-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ALCH_USDTlong | +0.2078% | 4h | 0.05255 | long leg | $5.1M | $2.2M | 100x |