Funding arb · Price arb /

AR

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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 +0.021%

Price spread now: KuCoin against MEXC−0.023%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$210as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$2212.209% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.023%, 7d avg +0.007%

Together, before fees+0.121%+$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 0.030% cheaper against MEXC than usual: you would sell low and buy high, −$3 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	MEXC AR_USDT	4.4290	0.0100	pay 0.0100% / 8h	3h 51m	$6.3M	$4.0M	100x
Short	KuCoin ARUSDTM	4.4280	0.0100	get 0.0100% / 8h	3h 51m	$1.1M	$1.2M	50x

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 −0.023%Rate

Funding earned: $0
Price spread: −0.023% → +0.007%: −$2.98
Slippage, 4 orders: −$204.93
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$223.92
Costs to cover: 2.209%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; KuCoin: live order book, 3 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, 6 min ago	2.26 bp	4.3 bp −$4	21.6 bp −$216	212.1 bp −$21.2K	doesn't fit
Sell KuCoin live order book, 3 min ago	5.64 bp	109.9 bp −$110	729.5 bp −$7,295	doesn't fit	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	−0.1219%	1h	4.4272	−0.041%	$60K	$159K	20x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.4289	−0.003%	$569K	—	50x	as long as short
OKX AR-USDT-SWAP	+0.0087%	8h	4.4260	−0.068%	$2.2M	$17.6M	20x	as long as short
Aster ARUSDT	+0.0100%	8h	4.4297	+0.015%	$26K	$465K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.4280	−0.023%	$8.7M	$50.0M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.4280	−0.023%	$4.5M	$8.2M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.4300	+0.023%	$2.5M	$1.9M	50x	as long as short
MEXC AR_USDTlong	+0.0100%	8h	4.4290	long leg	$6.3M	$4.0M	100x
KuCoin ARUSDTMshort	+0.0100%	8h	4.4280	−0.023%	$1.1M	$1.2M	50x
Bitget ARUSDT	+0.0100%	8h	4.4250	−0.090%	$3.9M	$5.1M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AR-USDT	+0.0100%	8h	4.4300	+0.023%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.4267	−0.051%	$234K	$246K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.4370	+0.181%	$19K	$718K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.4269	−0.048%	$36K	$236K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.4330	+0.090%	$424K	$466K	20x	as long as short
Hyperliquid AR	+0.0235%	1h	4.4349	+0.133%	$3.9M	$4.3M	5x	as long as short
Injective AR/USDC PERP	+0.0433%	1h	4.4770	+1.084%	$2K	$5K	5.5x	as long as short