Funding you earn now, next payment 04:00 UTC−0.1366%/8h= −149.6% APRnext payment −$6.83 per $10,000 · paid last 24h −0.034%
Price spread now: MEXC against KuCoin−0.109%7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,314as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,293as in the Price arb table
costs, in and out, $10k−$1,28112.812% of the position
Funding, last 7 days−0.324%−$32 on $10k
+Price spread, last 4 days (all we have)+0.260%+$26 · spread now −0.109%, 7d avg +0.010%
=Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and MEXC is 0.119% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.010%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.324% in total (about -16.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.83 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BILLUSDTM | 0.01379 | 0.1800 | pay 0.0900% / 4h | 1h 12m | $460K | $308K | 20x |
| Short | MEXC BILL_USDT | 0.01378 | 0.0434 | get 0.0217% / 4h | 1h 12m | $1.1M | $338K | 50x |
KuCoin BILLUSDTM
MEXC BILL_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$286.86
- Price spread: −0.109% → +0.010%
- −$11.91
- Slippage, 4 orders
- −$1,269.22
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$1,580
- Costs to cover
- 12.812%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 10 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, 10 min ago | 13.00 bp | 698.3 bp −$698 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 4 min ago | 3.62 bp | 7.9 bp −$8 | 76.7 bp −$767 | 334.3 bp −$33.4K | doesn't fit |
BILL on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BILLUSDT | +0.0100% | 4h | 0.01377 | −0.181% | $1.3M | $961K | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01378 | −0.109% | $277K | $84K | 20x | as long as short |
| Bitget BILLUSDT | +0.0100% | 4h | 0.01378 | −0.109% | $639K | $1.1M | 20x | as long as short |
| Backpack BILL_USDC_PERP | +0.0100% | 1h | 0.01375 | −0.326% | $21K | $939 | 5x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01379 | −0.036% | $1K | $1.1M | 20x | as long as short |
| HTX BILL-USDT | +0.0100% | 4h | 0.01377 | −0.181% | $11K | $39K | 20x | as long as short |
| BloFin BILL-USDT | +0.0113% | 4h | 0.01383 | +0.254% | $146K | $19K | 20x | as long as short |
| OKX BILL-USDT-SWAP | +0.0178% | 4h | 0.01379 | −0.036% | $1.1M | $2.7M | 20x | as long as short |
| Aster BILLUSDT | +0.0232% | 4h | 0.01379 | −0.049% | $2K | $4K | 5x | as long as short |
| Extended BILL-USD | +0.0424% | 1h | 0.01378 | −0.083% | $1K | $222K | 5x | as long as short |
Bybit BILLUSDT
Gate BILL_USDT
Bitget BILLUSDT
Backpack BILL_USDC_PERP
SunX BILL-USDT
HTX BILL-USDT
BloFin BILL-USDT
OKX BILL-USDT-SWAP
Aster BILLUSDT
Extended BILL-USDShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BILLUSDT | +0.0427% | 4h | 0.01378 | −0.074% | $2.5M | $3.8M | 20x | as long as short |
| MEXC BILL_USDTshort | +0.0434% | 4h | 0.01378 | −0.109% | $1.1M | $338K | 50x | |
| BingX BILL-USDT | +0.0440% | 4h | 0.01377 | −0.181% | — | $1.7M | — | as long as short |
| Coinbase International BILL-PERP-INTX | +0.0688% | 1h | 0.01380 | +0.014% | $46K | $51K | 50x | as long as short |
| KuCoin BILLUSDTMlong | +0.1800% | 4h | 0.01379 | long leg | $460K | $308K | 20x | |
| Deribit BILL_USDC-PERPETUAL | +0.2659% | 1h | 0.01379 | −0.022% | $108K | $14K | 10x | as long as short |
Binance BILLUSDT
BingX BILL-USDT
Coinbase International BILL-PERP-INTX
Deribit BILL_USDC-PERPETUAL