Funding arb · Price arb /

F

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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 +0.027%

Price spread now: KuCoin against MEXC+0.108%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$261as in the Funding arb table

Net, price: spread back to 7d avg − costs−$310as in the Price arb table

costs, in and out, $10k−$3183.177% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.568%+$57 on $10k

Price spread, last 7 days−0.165%−$16 · spread now +0.108%, 7d avg +0.030%

Together, before fees+0.404%+$40 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: KuCoin is 0.078% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC F_USDT	0.003699	0.0100	pay 0.0050% / 4h	1h 06m	$607K	$174K	50x
Short	KuCoin FUSDTM	0.003703	0.0100	get 0.0050% / 4h	1h 06m	$614K	$1.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → +0.030%: $7.81
Slippage, 4 orders: −$297.66
Fee MEXC: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$309.85
Costs to cover: 3.177%
Break-even: never at this rate

Slippage from MEXC: live order book, 29 min ago; KuCoin: live order book, 3 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 MEXC live order book, 29 min ago	1.37 bp	12.3 bp −$12	39.4 bp −$394	134.6 bp −$13.5K	679.5 bp −$339.8K
Sell KuCoin live order book, 3 min ago	1.35 bp	112.1 bp −$112	doesn't fit	doesn't fit	doesn't fit

F 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 FUSDT	+0.0100%	4h	0.003699	−0.005%	$15K	$26K	5x	as long as short
Binance FUSDT	+0.0100%	4h	0.003698	−0.027%	$3.8M	$6.0M	50x	as long as short
Bybit FUSDT	+0.0100%	4h	0.003695	−0.108%	$2.4M	$2.1M	25x	as long as short
OKX F-USDT-SWAP	+0.0100%	4h	0.003697	−0.054%	$716K	$2.0M	20x	as long as short
Gate F_USDT	+0.0100%	8h	0.003698	−0.027%	$136K	$1.2M	25x	as long as short
MEXC F_USDTlong	+0.0100%	4h	0.003699	long leg	$607K	$174K	50x
KuCoin FUSDTMshort	+0.0100%	4h	0.003703	+0.108%	$614K	$1.1M	30x
Bitget FUSDT	+0.0100%	4h	0.003699	0.000%	$491K	$680K	50x	as long as short
BingX F-USDT	+0.0100%	4h	0.003698	−0.027%	—	$6.6M	—	as long as short
Variational Omni F	+0.0100%	4h	0.003693	−0.154%	$646	$364	—	as long as short