Funding arb · Price arb /

ALT

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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 0.000%

Price spread now: MEXC against KuCoin+0.093%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$728as in the Funding arb table

Net, price: spread back to 7d avg − costs−$716as in the Price arb table

costs, in and out, $10k−$7287.282% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.093%, 7d avg −0.025%

Together, before fees−0.059%−$6 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: MEXC is 0.117% dearer against KuCoin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ALTUSDTM	0.007559	0.0100	pay 0.0050% / 4h	40m 39s	$150K	$21K	30x
Short	MEXC ALT_USDT	0.007566	0.0100	get 0.0050% / 4h	40m 39s	$383K	$186K	50x

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

Position, each leg$Hold fordaysFee KuCoinbpFee MEXCbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → −0.025%: $11.71
Slippage, 4 orders: −$712.17
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$716.46
Costs to cover: 7.282%
Break-even: never at this rate

Slippage from KuCoin: live order book, 34 min ago; MEXC: live order book, 65 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 KuCoin live order book, 34 min ago	11.07 bp	419.8 bp −$420	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 65 min ago	1.97 bp	14.3 bp −$14	68.8 bp −$688	267.5 bp −$26.7K	463.0 bp −$231.5K

ALT 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
Hyperliquid ALT	+0.0100%	1h	0.007562	+0.040%	$1.1M	$194K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007565	+0.080%	$2.6M	$3.7M	50x	as long as short
Bybit ALTUSDT	+0.0100%	4h	0.007544	−0.198%	$1.2M	$1.7M	25x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007566	+0.093%	$49K	$400K	25x	as long as short
MEXC ALT_USDTshort	+0.0100%	4h	0.007566	+0.093%	$383K	$186K	50x
KuCoin ALTUSDTMlong	+0.0100%	4h	0.007559	long leg	$150K	$21K	30x
Bitget ALTUSDT	+0.0100%	4h	0.007552	−0.093%	$595K	$110K	50x	as long as short
BingX ALT-USDT	+0.0100%	4h	0.007558	−0.013%	—	$1.3M	—	as long as short
Variational Omni ALT	+0.0100%	4h	0.007544	−0.197%	$4K	$16K	—	as long as short
BloFin ALT-USDT	+0.0141%	4h	0.007569	+0.132%	$172K	$10K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_ALTUSD	+0.0316%	1h	0.007561	+0.033%	$44K	$8K	10x	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0412%	1h	0.007559	0.000%	—	$0	25x	as long as short
Coinbase International ALT-PERP-INTX	+0.0456%	1h	0.007581	+0.291%	$14K	$3K	50x	as long as short
Injective ALT/USDC PERP	+0.5000%	1h	0.007691	+1.746%	$837	$4K	5.5x	as long as short