Funding you earn now, next payment 12:00 UTC−0.0830%/8h= −90.9% APRnext payment −$4.15 per $10,000 · paid last 24h −0.226%
Price spread now: KuCoin against MEXC−0.132%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$310as in the Funding arb table
Net, price: spread back to 7d avg − costs−$240as in the Price arb table
costs, in and out, $10k−$2342.340% of the position
Funding, last 7 days−0.757%−$76 on $10k
+Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.132%, 7d avg −0.077%
=Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and KuCoin is 0.055% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.077%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BTW_USDT | 0.8146 | 0.0930 | pay 0.0465% / 4h | 3h 46m | $9.0M | $6.3M | 20x |
| Short | KuCoin BTWUSDTM | 0.8135 | 0.0100 | get 0.0050% / 4h | 3h 46m | $7.2M | $4.7M | 10x |
MEXC BTW_USDT
KuCoin BTWUSDTMFunding 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
- −$174.3
- Price spread: −0.132% → −0.077%
- −$5.54
- Slippage, 4 orders
- −$221.97
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$413.82
- Costs to cover
- 2.340%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; KuCoin: 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 MEXC live order book, 2 min ago | 1.85 bp | 9.4 bp −$9 | 42.4 bp −$424 | 277.1 bp −$27.7K | 864.4 bp −$432.2K |
| Sell KuCoin live order book, 2 min ago | 8.53 bp | 153.4 bp −$153 | doesn't fit | doesn't fit | doesn't fit |
BTW on 11 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 BTWUSDT | +0.0100% | 4h | 0.8153 | +0.082% | $15.8M | $39.8M | 10x | as long as short |
| KuCoin BTWUSDTMshort | +0.0100% | 4h | 0.8135 | −0.132% | $7.2M | $4.7M | 10x | |
| HTX BTW-USDT | +0.0100% | 4h | 0.8159 | +0.166% | $214K | $733K | 10x | as long as short |
| Gate BTW_USDT | +0.0472% | 4h | 0.8145 | −0.006% | $3.3M | $17.2M | 10x | as long as short |
| Bitget BTWUSDT | +0.0622% | 4h | 0.8164 | +0.225% | $25.6M | $14.7M | 5x | as long as short |
| BingX BTW-USDT | +0.0876% | 4h | 0.8151 | +0.061% | — | $4.0M | — | as long as short |
| Aster BTWUSDT | +0.0907% | 4h | 0.8156 | +0.122% | $2.3M | $3.3M | 5x | as long as short |
| edgeX BTWUSDC | +0.0927% | 4h | 0.8139 | −0.083% | $354K | $510K | 10x | as long as short |
| MEXC BTW_USDTlong | +0.0930% | 4h | 0.8146 | long leg | $9.0M | $6.3M | 20x | |
| Binance BTWUSDT | +0.0933% | 4h | 0.8153 | +0.082% | $113.2M | $174.3M | 10x | as long as short |
Bybit BTWUSDT
HTX BTW-USDT
Gate BTW_USDT
Bitget BTWUSDT
BingX BTW-USDT
Aster BTWUSDT
edgeX BTWUSDC
Binance BTWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended BTW-USD | +0.0936% | 1h | 0.8155 | +0.113% | $35K | $15K | 5x | as long as short |
Extended BTW-USD