Funding arb · Price arb /

API3

all API3 markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin0.000%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$339as in the Funding arb table

Net, price: spread back to 7d avg − costs−$344as in the Price arb table

costs, in and out, $10k−$3473.473% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now 0.000%, 7d avg −0.029%

Together, before fees+0.120%+$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: MEXC is 0.029% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin API3USDTM	0.2596	0.0100	pay 0.0050% / 4h	23m 40s	$991K	$238K	30x
Short	MEXC API3_USDT	0.2596	0.0100	get 0.0050% / 4h	23m 40s	$438K	$303K	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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.029%: $2.88
Slippage, 4 orders: −$327.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$344.41
Costs to cover: 3.473%
Break-even: never at this rate

Slippage from KuCoin: live order book, 21 min ago; MEXC: live order book, 6 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, 21 min ago	11.47 bp	165.8 bp −$166	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	1.92 bp	11.0 bp −$11	39.8 bp −$398	127.2 bp −$12.7K	278.0 bp −$139.0K

API3 on 12 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
Aster API3USDT	+0.0100%	4h	0.2596	+0.019%	$2K	$4K	5x	as long as short
Binance API3USDT	+0.0100%	4h	0.2596	−0.003%	$2.6M	$2.1M	50x	as long as short
OKX API3-USDT-SWAP	+0.0100%	4h	0.2596	0.000%	$651K	$519K	10x	as long as short
Gate API3_USDT	+0.0100%	8h	0.2600	+0.154%	$119K	$121K	50x	as long as short
MEXC API3_USDTshort	+0.0100%	4h	0.2596	0.000%	$438K	$303K	50x
KuCoin API3USDTMlong	+0.0100%	4h	0.2596	long leg	$991K	$238K	30x
Bitget API3USDT	+0.0100%	4h	0.2596	0.000%	$641K	$187K	20x	as long as short
Variational Omni API3	+0.0100%	4h	0.2601	+0.174%	$6K	$1	—	as long as short
BloFin API3-USDT	+0.0127%	4h	0.2595	−0.039%	$132K	$21K	50x	as long as short
Bybit API3USDT	+0.0187%	4h	0.2598	+0.077%	$977K	$390K	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX API3-USDT	+0.0194%	4h	0.2597	+0.039%	—	$6.7M	—	as long as short
Kraken Futures PF_API3USD	+0.4755%	1h	0.2612	+0.609%	$13K	$3K	10x	as long as short