Funding arb · Price arb /

CLO

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Swap Backtest

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 +0.005%

Price spread now: MEXC against KuCoin+0.204%7-day average +0.123% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,270as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,264as in the Price arb table

costs, in and out, $10k−$1,27212.723% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.204%, 7d avg +0.123%

Together, before fees−0.193%−$19 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 0.081% dearer against KuCoin than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.123%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CLOUSDTM	0.06387	0.0100	pay 0.0050% / 4h	2h 31m	$1.0M	$11.3M	10x
Short	MEXC CLO_USDT	0.06400	0.0100	get 0.0050% / 4h	2h 31m	$533K	$122K	50x

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 +0.204%Rate

Funding earned: $0
Price spread: +0.204% → +0.123%: $8.08
Slippage, 4 orders: −$1,256.33
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,264.25
Costs to cover: 12.723%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; MEXC: live order book, 9 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	14.00 bp	824.4 bp −$824	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 9 min ago	15.46 bp	25.3 bp −$25	171.7 bp −$1,717	463.7 bp −$46.4K	897.6 bp −$448.8K

CLO on 9 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
BloFin CLO-USDT	+0.0049%	4h	0.06451	+1.002%	$243K	$76K	10x	as long as short
Binance CLOUSDT	+0.0100%	4h	0.06398	+0.180%	$3.9M	$3.4M	10x	as long as short
Bybit CLOUSDT	+0.0100%	4h	0.06392	+0.078%	$692K	$549K	20x	as long as short
MEXC CLO_USDTshort	+0.0100%	4h	0.06400	+0.204%	$533K	$122K	50x
KuCoin CLOUSDTMlong	+0.0100%	4h	0.06387	long leg	$1.0M	$11.3M	10x
BingX CLO-USDT	+0.0100%	4h	0.06397	+0.157%	—	$1.4M	—	as long as short
SunX CLO-USDT	+0.0100%	4h	0.06387	0.000%	$2K	$1.2M	20x	as long as short
Gate CLO_USDT	+0.0357%	8h	0.06414	+0.423%	$428K	$623K	20x	as long as short
Aster CLOUSDT	+0.0614%	4h	0.06400	+0.197%	$31K	$32K	5x	as long as short