Funding arb · Price arb /

AR

all AR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.012%

Price spread now: MEXC against KuCoin+0.046%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$217as in the Funding arb table

Net, price: spread back to 7d avg − costs−$202as in the Price arb table

costs, in and out, $10k−$2082.078% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 7 days−0.096%−$10 · spread now +0.046%, 7d avg −0.007%

Together, before fees−0.192%−$19 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 0.054% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ARUSDTM	4.3220	0.0100	pay 0.0100% / 8h	7h 48m	$1.1M	$1.2M	50x
Short	MEXC AR_USDT	4.3240	0.0100	get 0.0100% / 8h	7h 48m	$6.1M	$3.7M	100x

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 +0.046%Rate

Funding earned: $0
Price spread: +0.046% → −0.007%: $5.36
Slippage, 4 orders: −$191.81
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$202.45
Costs to cover: 2.078%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; MEXC: live order book, 4 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, 7 min ago	5.83 bp	100.4 bp −$100	785.1 bp −$7,851	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.33 bp	4.3 bp −$4	17.9 bp −$179	211.7 bp −$21.2K	doesn't fit

AR on 17 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_ARUSD	−0.1003%	1h	4.3047	−0.401%	$53K	$135K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0140% / S +0.0550%	1h	4.3157	−0.146%	$553K	—	50x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.4240	+2.360%	$2K	$5K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.3283	+0.146%	$3.9M	$4.5M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.3234	+0.032%	$32K	$255K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.3229	+0.022%	$8.6M	$44.9M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.3234	+0.032%	$4.5M	$8.3M	75x	as long as short
OKX AR-USDT-SWAP	+0.0100%	8h	4.3170	−0.116%	$2.3M	$14.6M	20x	as long as short
Gate AR_USDT	+0.0100%	8h	4.3210	−0.023%	$2.0M	$3.0M	50x	as long as short
MEXC AR_USDTshort	+0.0100%	8h	4.3240	+0.046%	$6.1M	$3.7M	100x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ARUSDTMlong	+0.0100%	8h	4.3220	long leg	$1.1M	$1.2M	50x
Bitget ARUSDT	+0.0100%	8h	4.3170	−0.116%	$3.7M	$4.9M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.3230	+0.023%	—	$2.7M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.3108	−0.259%	$246K	$513K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.2930	−0.671%	$20K	$707K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.3232	+0.027%	$36K	$244K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.3130	−0.208%	$417K	$447K	20x	as long as short