Funding arb · Price arb /

AWE

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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 −0.022%

Price spread now: MEXC against KuCoin−0.016%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$880as in the Funding arb table

Net, price: spread back to 7d avg − costs−$866as in the Price arb table

costs, in and out, $10k−$8698.691% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 4 days (all we have)+0.182%+$18 · spread now −0.016%, 7d avg −0.042%

Together, before fees+0.074%+$7 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 0.027% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AWEUSDTM	0.06401	0.0100	pay 0.0050% / 4h	1h 05m	$135K	$48K	20x
Short	MEXC AWE_USDT	0.06400	0.0100	get 0.0050% / 4h	1h 05m	$1.1M	$134K	20x

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 −0.016%Rate

Funding earned: $0
Price spread: −0.016% → −0.042%: $2.68
Slippage, 4 orders: −$853.08
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$866.4
Costs to cover: 8.691%
Break-even: never at this rate

Slippage from KuCoin: live order book, 35 min ago; MEXC: live order book, 1 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, 35 min ago	12.51 bp	246.1 bp −$246	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.56 bp	22.4 bp −$22	55.2 bp −$552	137.4 bp −$13.7K	doesn't fit

AWE on 9 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
BloFin AWE-USDT	+0.0066%	4h	0.06402	+0.016%	$141K	$27K	40x	as long as short
Aster AWEUSDT	+0.0100%	4h	0.06398	−0.041%	$2K	$4K	5x	as long as short
Binance AWEUSDT	+0.0100%	4h	0.06398	−0.043%	$2.2M	$1.0M	40x	as long as short
Bybit AWEUSDT	+0.0100%	4h	0.06401	0.000%	$535K	$202K	25x	as long as short
Gate AWE_USDT	+0.0100%	8h	0.06411	+0.156%	$57K	$28K	25x	as long as short
MEXC AWE_USDTshort	+0.0100%	4h	0.06400	−0.016%	$1.1M	$134K	20x
KuCoin AWEUSDTMlong	+0.0100%	4h	0.06401	long leg	$135K	$48K	20x
Bitget AWEUSDT	+0.0100%	4h	0.06402	+0.012%	$448K	$174K	40x	as long as short
BingX AWE-USDT	+0.0100%	4h	0.06380	−0.328%	—	$6.6M	—	as long as short