Funding arb · Price arb /

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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 0.000%

Price spread now: MEXC against KuCoin−0.102%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$640as in the Funding arb table

Net, price: spread back to 7d avg − costs−$659as in the Price arb table

costs, in and out, $10k−$6436.434% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)+0.224%+$22 · spread now −0.102%, 7d avg +0.056%

Together, before fees+0.257%+$26 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 0.158% cheaper against KuCoin than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin BASEDUSDTM	0.06862	0.0100	pay 0.0050% / 4h	3h 12m	$582K	$71K	20x
Short	MEXC BASED_USDT	0.06855	0.0100	get 0.0050% / 4h	3h 12m	$4.9M	$540K	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 −0.102%Rate

Funding earned: $0
Price spread: −0.102% → +0.056%: −$15.84
Slippage, 4 orders: −$627.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$659.25
Costs to cover: 6.434%
Break-even: never at this rate

Slippage from KuCoin: live order book, 62 min ago; MEXC: live order book, 5 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, 62 min ago	21.96 bp	225.9 bp −$226	1036.1 bp −$10.4K	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	4.37 bp	13.0 bp −$13	42.5 bp −$425	203.4 bp −$20.3K	784.6 bp −$392.3K

BASED on 15 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 BASED-USDT	+0.0065%	4h	0.06861	−0.015%	$261K	$49K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06854	−0.111%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06840	−0.321%	$2.1M	$693K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06849	−0.189%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06846	−0.233%	$539K	$594K	50x	as long as short
MEXC BASED_USDTshort	+0.0100%	4h	0.06855	−0.102%	$4.9M	$540K	50x
KuCoin BASEDUSDTMlong	+0.0100%	4h	0.06862	long leg	$582K	$71K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06859	−0.044%	$1.3M	$357K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06851	−0.160%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06847	−0.214%	$94K	$14K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06856	−0.089%	$96K	$395K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06847	−0.219%	$1K	$903K	20x	as long as short
Aster BASEDUSDT	+0.0101%	4h	0.06854	−0.109%	$29K	$6K	5x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06853	−0.136%	$2K	$195K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0263%	4h	0.06854	−0.117%	$3K	$664	10x	as long as short