Funding arb · Price arb /

CARV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: MEXC against KuCoin+0.516%7-day average +0.226% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,197as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,173as in the Price arb table

costs, in and out, $10k−$1,20212.019% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.516%, 7d avg +0.226%

Together, before fees−0.004%$0 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: MEXC is 0.290% dearer against KuCoin than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of +0.226%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CARVUSDTM	0.04655	0.0100	pay 0.0050% / 4h	3h 43m	$173K	$47K	20x
Short	MEXC CARV_USDT	0.04679	0.0100	get 0.0050% / 4h	3h 43m	$205K	$287K	20x

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 +0.516%Rate

Funding earned: $0
Price spread: +0.516% → +0.226%: $29
Slippage, 4 orders: −$1,185.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,172.87
Costs to cover: 12.019%
Break-even: never at this rate

Slippage from KuCoin: live order book, 47 min ago; MEXC: live order book, 27 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, 47 min ago	58.42 bp	553.8 bp −$554	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 27 min ago	5.46 bp	20.9 bp −$21	91.0 bp −$910	241.8 bp −$24.2K	doesn't fit

CARV on 8 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
Binance CARVUSDT	+0.0100%	4h	0.04693	+0.812%	$1.6M	$14.4M	50x	as long as short
Bybit CARVUSDT	+0.0100%	4h	0.04674	+0.408%	$1.2M	$3.5M	20x	as long as short
Gate CARV_USDT	+0.0100%	4h	0.04679	+0.516%	$133K	$182K	20x	as long as short
MEXC CARV_USDTshort	+0.0100%	4h	0.04679	+0.516%	$205K	$287K	20x
KuCoin CARVUSDTMlong	+0.0100%	4h	0.04655	long leg	$173K	$47K	20x
Bitget CARVUSDT	+0.0100%	4h	0.04684	+0.623%	$795K	$1.2M	25x	as long as short
Variational Omni CARV	+0.0100%	4h	0.04611	−0.940%	$693	$2K	—	as long as short
BingX CARV-USDT	+0.0800%	4h	0.04687	+0.687%	—	$1.4M	—	as long as short