Funding you earn now, next payment 04:00 UTC−0.2068%/8h= −226.4% APRnext payment −$10.34 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against KuCoin+0.132%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$637as in the Funding arb table
Net, price: spread back to 7d avg − costs−$622as in the Price arb table
costs, in and out, $10k−$6346.342% of the position
Funding, last 7 days−0.029%−$3 on $10k
+Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.132%, 7d avg +0.006%
=The price spread pays, funding is against you. MEXC is 0.126% dearer against KuCoin than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.006%): +$13 on $10k if it goes back. Holding the pair costs −$62 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.029% in total) that is about 31 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$10.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin DATAUSDTM | 0.2271 | −0.1246 | get 0.0623% / 4h | 2h 06m | $206K | $1.0M | 30x |
| Short | MEXC DATA_USDT | 0.2274 | −0.3314 | pay 0.1657% / 4h | 2h 06m | $104K | $275K | 20x |
KuCoin DATAUSDTM
MEXC DATA_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$434.28
- Price spread: +0.132% → +0.006%
- $12.56
- Slippage, 4 orders
- −$618.17
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$1,055.89
- Costs to cover
- 6.342%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; MEXC: live order book, 43 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, 3 min ago | 21.28 bp | 311.5 bp −$311 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 43 min ago | 4.51 bp | 14.2 bp −$14 | 55.7 bp −$557 | 667.9 bp −$66.8K | doesn't fit |
DATA 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX DATA-USDT-SWAP | −0.3343% | 4h | 0.2265 | −0.264% | $1.3M | $7.2M | 20x | as long as short |
| MEXC DATA_USDTshort | −0.3314% | 4h | 0.2274 | +0.132% | $104K | $275K | 20x | |
| Gate DATA_USDT | −0.2558% | 4h | 0.2271 | 0.000% | $118K | $87K | 20x | as long as short |
| Extended DATA-USD | −0.1680% | 1h | 0.2271 | +0.021% | $945 | $60 | 5x | as long as short |
| KuCoin DATAUSDTMlong | −0.1246% | 4h | 0.2271 | long leg | $206K | $1.0M | 30x | |
| Bybit DATAUSDT | −0.1105% | 4h | 0.2275 | +0.176% | $1.3M | $1.7M | 20x | as long as short |
| Lighter DATA | −0.0256% | 1h | 0.2275 | +0.176% | $78K | $232K | 10x | as long as short |
| Bitget DATAUSDT | +0.0042% | 4h | 0.2273 | +0.088% | $696K | $480K | 50x | as long as short |
OKX DATA-USDT-SWAP
Gate DATA_USDT
Extended DATA-USD
Bybit DATAUSDT
Lighter DATA
Bitget DATAUSDT