Funding you earn now, next payment 08:00 UTC−0.0368%/8h= −40.3% APRnext payment −$1.84 per $10,000 · paid last 24h −0.180%
Price spread now: MEXC against KuCoin+0.045%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$906as in the Funding arb table
Net, price: spread back to 7d avg − costs−$881as in the Price arb table
costs, in and out, $10k−$8818.809% of the position
Funding, last 7 days−0.252%−$25 on $10k
+Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.045%, 7d avg +0.045%
=The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.252% in total (about -13.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.84 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 FHEUSDTM | 0.02221 | 0.0962 | pay 0.0481% / 4h | 3h 29m | $655K | $9.5M | 10x |
| Short | MEXC FHE_USDT | 0.02222 | 0.0594 | get 0.0297% / 4h | 3h 29m | $860K | $302K | 50x |
KuCoin FHEUSDTM
MEXC FHE_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
- −$77.28
- Price spread: +0.045% → +0.045%
- $0.01
- Slippage, 4 orders
- −$864.94
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$958.21
- Costs to cover
- 8.809%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 3 min ago; MEXC: live order book, 20 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 | 2.24 bp | 759.2 bp −$759 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 20 min ago | 4.46 bp | 23.7 bp −$24 | 113.0 bp −$1,130 | 246.7 bp −$24.7K | 535.2 bp −$267.6K |
FHE 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit FHEUSDT | +0.0100% | 4h | 0.02218 | −0.135% | $1.6M | $501K | 13x | as long as short |
| Gate FHE_USDT | +0.0100% | 8h | 0.02217 | −0.180% | $613K | $72K | 10x | as long as short |
| Aster FHEUSDT | +0.0375% | 4h | 0.02220 | −0.054% | $16K | $2K | 5x | as long as short |
| BingX FHE-USDT | +0.0552% | 4h | 0.02219 | −0.090% | — | $6.5M | — | as long as short |
| MEXC FHE_USDTshort | +0.0594% | 4h | 0.02222 | +0.045% | $860K | $302K | 50x | |
| Binance FHEUSDT | +0.0598% | 4h | 0.02223 | +0.102% | $2.9M | $1.4M | 10x | as long as short |
| Extended FHE-USD | +0.0600% | 1h | 0.02223 | +0.105% | $4K | $92K | 5x | as long as short |
| KuCoin FHEUSDTMlong | +0.0962% | 4h | 0.02221 | long leg | $655K | $9.5M | 10x |
Bybit FHEUSDT
Gate FHE_USDT
Aster FHEUSDT
BingX FHE-USDT
Binance FHEUSDT
Extended FHE-USD