Funding you earn now, next payment 12:00 UTC+0.0644%/8h= +70.5% APRnext payment +$3.22 per $10,000 · paid last 24h +0.226%
Price spread now: MEXC against KuCoin+0.135%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1201.201% of the position
Funding, last 7 days+0.757%+$76 on $10k
+Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.135%, 7d avg +0.079%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and MEXC is 0.056% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.079%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BTWUSDTM | 0.8514 | 0.0100 | pay 0.0050% / 4h | 50m 18s | $7.4M | $4.4M | 10x |
| Short | MEXC BTW_USDT | 0.8526 | 0.0744 | get 0.0372% / 4h | 50m 18s | $9.6M | $6.0M | 20x |
KuCoin BTWUSDTM
MEXC BTW_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
- $135.24
- Price spread: +0.135% → +0.079%
- $5.65
- Slippage, 4 orders
- −$108.11
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- $20.78
- Costs to cover
- 1.201%
- Break-even
- 5.9 days
Slippage from KuCoin: live order book, 1 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, 1 min ago | 10.60 bp | 38.7 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.76 bp | 8.3 bp −$8 | 34.1 bp −$341 | 237.2 bp −$23.7K | 817.6 bp −$408.8K |
BTW on 11 exchanges
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 BTWUSDT | +0.0100% | 4h | 0.8525 | +0.124% | $16.3M | $37.1M | 10x | as long as short |
| Gate BTW_USDT | +0.0100% | 4h | 0.8512 | −0.034% | $3.5M | $16.6M | 10x | as long as short |
| KuCoin BTWUSDTMlong | +0.0100% | 4h | 0.8514 | long leg | $7.4M | $4.4M | 10x | |
| HTX BTW-USDT | +0.0100% | 4h | 0.8522 | +0.088% | $224K | $683K | 10x | as long as short |
| Bitget BTWUSDT | +0.0422% | 4h | 0.8542 | +0.326% | $26.9M | $13.9M | 5x | as long as short |
| Aster BTWUSDT | +0.0656% | 4h | 0.8506 | −0.099% | $2.4M | $3.3M | 5x | as long as short |
| BingX BTW-USDT | +0.0714% | 4h | 0.8532 | +0.206% | — | $3.6M | — | as long as short |
| Extended BTW-USD | +0.0744% | 1h | 0.8516 | +0.014% | $37K | $13K | 5x | as long as short |
| MEXC BTW_USDTshort | +0.0744% | 4h | 0.8526 | +0.135% | $9.6M | $6.0M | 20x | |
| Binance BTWUSDT | +0.0751% | 4h | 0.8523 | +0.105% | $118.1M | $163.8M | 10x | as long as short |
Bybit BTWUSDT
Gate BTW_USDT
HTX BTW-USDT
Bitget BTWUSDT
Aster BTWUSDT
BingX BTW-USDT
Extended BTW-USD
Binance BTWUSDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.0756% | 4h | 0.8538 | +0.274% | $371K | $503K | 10x | as long as short |
edgeX BTWUSDC