Funding arb · Price arb /

CYS

all CYS markets

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 −0.009%

Price spread now: MEXC against KuCoin−0.123%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$2322.317% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days+0.047%+$5 · spread now −0.123%, 7d avg −0.002%

Together, before fees+0.038%+$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: MEXC is 0.121% cheaper against KuCoin than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin CYSUSDTM	0.1621	0.0100	pay 0.0050% / 4h	2h 34m	$1.4M	$151K	20x
Short	MEXC CYS_USDT	0.1619	0.0100	get 0.0050% / 4h	2h 34m	$1.5M	$235K	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 −0.123%Rate

Funding earned: $0
Price spread: −0.123% → −0.002%: −$12.11
Slippage, 4 orders: −$219.74
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$243.86
Costs to cover: 2.317%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; MEXC: 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 KuCoin live order book, 6 min ago	21.52 bp	68.0 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	3.07 bp	9.7 bp −$10	83.4 bp −$834	391.9 bp −$39.2K	doesn't fit

CYS on 10 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
Aster CYSUSDT	+0.0100%	4h	0.1622	+0.070%	$258K	$88K	10x	as long as short
MEXC CYS_USDTshort	+0.0100%	4h	0.1619	−0.123%	$1.5M	$235K	50x
KuCoin CYSUSDTMlong	+0.0100%	4h	0.1621	long leg	$1.4M	$151K	20x
Bitget CYSUSDT	+0.0100%	4h	0.1619	−0.136%	$1.7M	$730K	25x	as long as short
edgeX CYSUSDC	+0.0100%	4h	0.1630	+0.536%	$7K	$110K	10x	as long as short
Binance CYSUSDT	+0.0108%	4h	0.1620	−0.045%	$4.3M	$4.9M	20x	as long as short
Variational Omni CYS	+0.0111%	4h	0.1628	+0.416%	$34K	$13K	—	as long as short
BingX CYS-USDT	+0.0428%	4h	0.1619	−0.123%	—	$1.3M	—	as long as short
Bybit CYSUSDT	+0.0494%	4h	0.1621	0.000%	$1.5M	$1.1M	13x	as long as short
Gate CYS_USDT	+0.0984%	4h	0.1624	+0.185%	$632K	$118K	20x	as long as short