BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.62 per $10,000 · paid last 24h +0.010%

Price spread now: MEXC against KuCoin+0.019%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$170.167% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.019%, 7d avg +0.001%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XBTUSDTM	85,574	0.0024	pay 0.0024% / 8h	6h 02m	$902.0M	$748.9M	125x
Short	MEXC BTC_USDT	85,590.6	0.0086	get 0.0086% / 8h	6h 02m	$5.07B	$5.76B	500x

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 +0.019%Rate

Funding earned: $13.02
Price spread: +0.019% → +0.001%: $1.89
Slippage, 4 orders: −$0.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1.83
Costs to cover: 0.167%
Break-even: 8.0 days

Slippage from KuCoin: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago	0.01 bp	6.0 bp −$6	6.2 bp −$62	7.7 bp −$771	doesn't fit
Sell MEXC live order book, 2 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.1 bp −$206	2.5 bp −$1,245

BTC on 55 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
Phoenix BTC	−0.0144%	1h	85,616	+0.049%	$2.1M	$10.5M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,647	+0.085%	$8K	$3K	50x	as long as short
01 Exchange BTCUSD	−0.0064%	1h	85,598.8	+0.029%	$361K	$2.3M	50x	as long as short
dYdX BTC-USD	+0.0001%	1h	85,643.5	+0.081%	$16.8M	$21.0M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,605.6	+0.037%	$36.7M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0020%	1h	85,661	+0.102%	$340K	$26.9M	52x	as long as short
KuCoin XBTUSDTMlong	+0.0024%	8h	85,574	long leg	$902.0M	$748.9M	125x
Aster BTCUSDT	+0.0024%	8h	85,593.1	+0.022%	$516.1M	$1.12B	200x	as long as short
Nado BTC-PERP	+0.0031%	1h	85,601.9	+0.033%	$22.6M	$225.6M	50x	as long as short
RISEx BTC/USDC	+0.0044%	1h	85,623.4	+0.058%	$8.4M	$42.2M	25x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDT	+0.0055%	8h	85,591.1	+0.020%	—	$1.55B	—	as long as short
HTX BTC-USDT	+0.0059%	8h	85,587.6	+0.016%	$2.27B	$933.7M	200x	as long as short
Reya BTCRUSDPERP	+0.0062%	1h	85,594.9	+0.024%	$6.7M	$146.4M	40x	as long as short
Bitget BTCUSDT	+0.0069%	8h	85,581.6	+0.009%	$2.94B	$5.03B	150x	as long as short
Aevo BTC-PERP	+0.0080%	1h	85,583.1	+0.011%	$2.5M	$1.7M	20x	as long as short
SunX BTC-USDT	+0.0082%	8h	85,587.4	+0.016%	$2.9M	$6.5M	100x	as long as short
MEXC BTC_USDTshort	+0.0086%	8h	85,590.6	+0.019%	$5.07B	$5.76B	500x
Binance BTCUSDT	+0.0087%	8h	85,590.1	+0.019%	$9.33B	$23.97B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,592.8	+0.022%	$170.3M	$996.9M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,598.7	+0.029%	$23.9M	$149.0M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,599	+0.029%	$8.4M	$51.6M	100x	as long as short
ApeX Omni BTCUSDT	+0.0097%	1h	85,611.5	+0.044%	$140.0M	$317.0M	100x	as long as short
Paradex BTC-USD-PERP	+0.0099%	8h	85,634.3	+0.070%	$3.8M	$8.3M	50x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,568	−0.007%	$205K	$7.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,651	+0.090%	$3.76B	$4.92B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,623	+0.057%	$40.2M	$569.5M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,595	+0.025%	$5.32B	$9.64B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,594.4	+0.024%	$2.56B	$12.17B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,593	+0.022%	$3.9M	$17.9M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,565.2	−0.010%	$7.1M	$96.4M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,597.7	+0.028%	$5.58B	$10.61B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,582.7	+0.010%	$35.0M	$168.1M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,602.8	+0.034%	$154.0M	$555.5M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,588.5	+0.017%	$278.4M	$938.6M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,608.4	+0.040%	$214.9M	$162.9M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,627.7	+0.063%	$30.3M	$210.3M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,656	+0.096%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,592	+0.021%	$11.0M	$14.1M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,595.6	+0.025%	$187K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,592.6	+0.022%	$2.4M	$8.9M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,631.4	+0.067%	$197K	$722K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,589.7	+0.018%	$30.0M	$52.7M	15x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,588	+0.016%	$59.9M	$336.4M	40x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,586.5	+0.015%	$150.4M	$480.0M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,593.2	+0.022%	$605.0M	$283.5M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,564.3	−0.011%	$44.1M	$227.9M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,605	+0.036%	—	$101.8M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,625	+0.060%	$130.7M	$5.09B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0146%	1h	85,608.7	+0.041%	$187.0M	$952.7M	100x	as long as short
Hibachi BTC/USDT-P	+0.0176%	1h	85,669.3	+0.111%	$682K	$7.8M	30x	as long as short
Aftermath Perps BTCUSD	+0.0182%	1h	85,626.4	+0.061%	$78K	$219K	20x	as long as short
Deribit BTC-PERPETUAL	+0.0190%	1h	85,635.8	+0.072%	$894.9M	$1.52B	50x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0203% / S −0.0186%	1h	85,601.1	+0.032%	$13.5M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0212%	8h	85,623	+0.057%	$10.2M	$765.4M	6.4x	as long as short
Perpl BTC	+0.0447%	43m	85,619.1	+0.053%	$511K	$19.9M	6.7x	as long as short