Funding you earn now, next payment 08:00 UTC+0.0554%/8h= +60.7% APRnext payment +$2.77 per $10,000 · paid last 24h +0.070%
Price spread now: KuCoin against MEXC−0.051%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,311as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,352as in the Price arb table
costs, in and out, $10k−$1,34813.479% of the position
Funding, last 7 days+0.372%+$37 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.051%, 7d avg −0.007%
=Funding pays, the price is against you. KuCoin is 0.044% cheaper against MEXC than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of −0.007%). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.372% in total) that is about 20 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.372% in total (about 19.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.77 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 | MEXC BILL_USDT | 0.01372 | 0.0120 | pay 0.0060% / 4h | 2h 34m | $981K | $341K | 50x |
| Short | KuCoin BILLUSDTM | 0.01371 | 0.0674 | get 0.0337% / 4h | 2h 34m | $451K | $338K | 20x |
MEXC BILL_USDT
KuCoin BILLUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $116.34
- Price spread: −0.051% → −0.007%
- −$4.4
- Slippage, 4 orders
- −$1,335.94
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,236
- Costs to cover
- 13.479%
- Break-even
- 81.4 days
Slippage from MEXC: live order book, 10 min ago; KuCoin: live order book, 23 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, 10 min ago | 7.28 bp | 9.3 bp −$9 | 85.9 bp −$859 | 358.6 bp −$35.9K | doesn't fit |
| Sell KuCoin live order book, 23 min ago | 8.39 bp | 622.0 bp −$622 | doesn't fit | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin BILL-USDT | +0.0070% | 4h | 0.01362 | −0.729% | $148K | $17K | 20x | as long as short |
| Aster BILLUSDT | +0.0100% | 4h | 0.01373 | +0.038% | $1K | $4K | 5x | as long as short |
| Bybit BILLUSDT | +0.0100% | 4h | 0.01369 | −0.219% | $1.3M | $1.0M | 20x | as long as short |
| Gate BILL_USDT | +0.0100% | 4h | 0.01371 | −0.073% | $278K | $90K | 20x | as long as short |
| SunX BILL-USDT | +0.0100% | 4h | 0.01375 | +0.219% | $2K | $1.2M | 20x | as long as short |
| HTX BILL-USDT | +0.0100% | 4h | 0.01367 | −0.364% | $11K | $39K | 20x | as long as short |
| MEXC BILL_USDTlong | +0.0120% | 4h | 0.01372 | long leg | $981K | $341K | 50x | |
| Binance BILLUSDT | +0.0128% | 4h | 0.01372 | 0.000% | $2.5M | $4.0M | 20x | as long as short |
| Extended BILL-USD | +0.0128% | 1h | 0.01372 | −0.026% | $4K | $261K | 5x | as long as short |
| Backpack BILL_USDC_PERP | +0.0264% | 1h | 0.01371 | −0.073% | $21K | $977 | 5x | as long as short |
BloFin BILL-USDT
Aster BILLUSDT
Bybit BILLUSDT
Gate BILL_USDT
SunX BILL-USDT
HTX BILL-USDT
Binance BILLUSDT
Extended BILL-USD
Backpack BILL_USDC_PERPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget BILLUSDT | +0.0274% | 4h | 0.01371 | −0.073% | $650K | $1.3M | 20x | as long as short |
| BingX BILL-USDT | +0.0488% | 4h | 0.01372 | 0.000% | — | $1.7M | — | as long as short |
| OKX BILL-USDT-SWAP | +0.0521% | 4h | 0.01371 | −0.073% | $1.1M | $2.9M | 20x | as long as short |
| KuCoin BILLUSDTMshort | +0.0674% | 4h | 0.01371 | −0.051% | $451K | $338K | 20x | |
| Coinbase International BILL-PERP-INTX | +0.0832% | 1h | 0.01365 | −0.539% | $38K | $98K | 50x | as long as short |
| Deribit BILL_USDC-PERPETUAL | +0.2230% | 1h | 0.01375 | +0.190% | $107K | $12K | 10x | as long as short |
Bitget BILLUSDT
BingX BILL-USDT
OKX BILL-USDT-SWAP
Coinbase International BILL-PERP-INTX
Deribit BILL_USDC-PERPETUAL