Funding you earn now, next payment 08:00 UTC+0.0370%/8h= +40.5% APRnext payment +$1.85 per $10,000 · paid last 24h +0.180%
Price spread now: KuCoin against MEXC−0.045%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$856as 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 +$1.85 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 | MEXC FHE_USDT | 0.02222 | 0.0598 | pay 0.0299% / 4h | 3h 29m | $860K | $302K | 50x |
| Short | KuCoin FHEUSDTM | 0.02221 | 0.0968 | get 0.0484% / 4h | 3h 29m | $655K | $9.5M | 10x |
MEXC FHE_USDT
KuCoin FHEUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $77.7
- Price spread: −0.045% → −0.045%
- −$0.01
- Slippage, 4 orders
- −$864.94
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$803.26
- Costs to cover
- 8.809%
- Break-even
- 79.4 days
Slippage from MEXC: live order book, 20 min ago; KuCoin: live order book, 4 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, 20 min ago | 4.46 bp | 26.5 bp −$26 | 118.8 bp −$1,188 | 246.5 bp −$24.6K | 540.4 bp −$270.2K |
| Sell KuCoin live order book, 4 min ago | 2.24 bp | 71.5 bp −$72 | doesn't fit | doesn't fit | doesn't fit |
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 | −0.180% | $1.6M | $501K | 13x | as long as short |
| Gate FHE_USDT | +0.0100% | 8h | 0.02217 | −0.225% | $613K | $72K | 10x | as long as short |
| Aster FHEUSDT | +0.0378% | 4h | 0.02220 | −0.099% | $16K | $2K | 5x | as long as short |
| BingX FHE-USDT | +0.0552% | 4h | 0.02219 | −0.135% | — | $6.5M | — | as long as short |
| MEXC FHE_USDTlong | +0.0598% | 4h | 0.02222 | long leg | $860K | $302K | 50x | |
| Extended FHE-USD | +0.0600% | 1h | 0.02223 | +0.060% | $4K | $92K | 5x | as long as short |
| Binance FHEUSDT | +0.0604% | 4h | 0.02223 | +0.037% | $2.9M | $1.4M | 10x | as long as short |
| KuCoin FHEUSDTMshort | +0.0968% | 4h | 0.02221 | −0.045% | $655K | $9.5M | 10x |
Bybit FHEUSDT
Gate FHE_USDT
Aster FHEUSDT
BingX FHE-USDT
Extended FHE-USD
Binance FHEUSDT