Funding arb · Price arb /

CROSS

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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 0.000%

Price spread now: MEXC against KuCoin+0.073%7-day average +0.149% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,517as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,521as in the Price arb table

costs, in and out, $10k−$1,51415.135% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)−0.255%−$25 · spread now +0.073%, 7d avg +0.149%

Together, before fees−0.287%−$29 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 0.077% cheaper against KuCoin than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.149%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CROSSUSDTM	0.1515	0.0100	pay 0.0050% / 4h	3h 48m	$273K	$27K	20x
Short	MEXC CROSS_USDT	0.1517	0.0100	get 0.0050% / 4h	3h 48m	$341K	$134K	100x

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 +0.073%Rate

Funding earned: $0
Price spread: +0.073% → +0.149%: −$7.68
Slippage, 4 orders: −$1,497.54
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,521.22
Costs to cover: 15.135%
Break-even: never at this rate

Slippage from KuCoin: live order book, 44 min ago; MEXC: live order book, 32 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, 44 min ago	43.41 bp	750.1 bp −$750	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 32 min ago	5.26 bp	13.7 bp −$14	68.3 bp −$683	241.3 bp −$24.1K	doesn't fit

CROSS 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 CROSSUSDT	+0.0100%	4h	0.1518	+0.148%	$1.6M	$2.4M	40x	as long as short
Bybit CROSSUSDT	+0.0100%	4h	0.1517	+0.092%	$695K	$351K	20x	as long as short
Gate CROSS_USDT	+0.0100%	4h	0.1516	+0.007%	$184K	$37K	20x	as long as short
MEXC CROSS_USDTshort	+0.0100%	4h	0.1517	+0.073%	$341K	$134K	100x
KuCoin CROSSUSDTMlong	+0.0100%	4h	0.1515	long leg	$273K	$27K	20x
Bitget CROSSUSDT	+0.0100%	4h	0.1515	−0.059%	$1.3M	$119K	20x	as long as short
BingX CROSS-USDT	+0.0100%	4h	0.1515	−0.007%	—	$1.3M	—	as long as short
Variational Omni CROSS	+0.0100%	4h	0.1519	+0.205%	$698	$1K	—	as long as short