Settings8H · net · $10k
Funding arb · Price arb /

C98

all C98 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against MEXC−0.122%7-day average +0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$862as in the Funding arb table
Net, price: spread back to 7d avg − costs−$854as in the Price arb table
costs, in and out, $10k−$8368.363% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.262%−$26 on $10k
Price spread, last 4 days (all we have)+0.222%+$22 · spread now −0.122%, 7d avg +0.051%
Together, before fees−0.040%−$4 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.173% cheaper against MEXC than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.051%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC C98_USDT0.016430.0100pay 0.0100% / 8h22m 40s$274K$106K100x
ShortKuCoin C98USDTM0.016410.0100get 0.0100% / 8h22m 40s$199K$38K20x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: −0.122% → +0.051%
−$17.28
Slippage, 4 orders
−$820.33
Fee MEXC: 2 bp × 2 orders
−$4
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$853.6
Costs to cover
8.363%
Break-even
never at this rate
Slippage from MEXC: live order book, 62 min ago; KuCoin: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 62 min ago3.05 bp13.4 bp −$1399.4 bp −$994310.5 bp −$31.1K667.7 bp −$333.9K
Sell KuCoin live order book, 8 min ago15.27 bp417.2 bp −$417doesn't fitdoesn't fitdoesn't fit

C98 on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance C98USDT+0.0100%8h0.01645+0.122%$1.4M$2.0M50xas long as short
Bybit C98USDT+0.0100%8h0.01644+0.061%$870K$286K25xas long as short
MEXC C98_USDTlong+0.0100%8h0.01643long leg$274K$106K100x
KuCoin C98USDTMshort+0.0100%8h0.01641−0.122%$199K$38K20x
Bitget C98USDT+0.0100%8h0.01644+0.061%$186K$346K50xas long as short
Variational Omni C98+0.0100%8h0.01641−0.140%$8K$202as long as short
BloFin C98-USDT+0.0123%8h0.01644+0.061%$133K$10K50xas long as short
Gate C98_USDT+0.0449%8h0.01640−0.183%$110K$47K25xas long as short
Kraken Futures PF_C98USD+0.2397%1h0.01650+0.426%$16K$4K10xas long as short