Funding arb · Price arb /

FORM

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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 0.000%

Price spread now: MEXC against KuCoin+0.127%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$335as in the Funding arb table

Net, price: spread back to 7d avg − costs−$326as in the Price arb table

costs, in and out, $10k−$3353.349% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.127%−$13 · spread now +0.127%, 7d avg +0.036%

Together, before fees−0.128%−$13 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 0.091% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin FORMUSDTM	0.3154	0.0100	pay 0.0050% / 4h	2h 14m	$184K	$1.6M	30x
Short	MEXC FORM_USDT	0.3158	0.0100	get 0.0050% / 4h	2h 14m	$1.2M	$9.8M	100x

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 +0.127%Rate

Funding earned: $0
Price spread: +0.127% → +0.036%: $9.1
Slippage, 4 orders: −$318.94
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$325.84
Costs to cover: 3.349%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; MEXC: 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 KuCoin live order book, 1 min ago	19.07 bp	153.2 bp −$153	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.59 bp	7.8 bp −$8	24.8 bp −$248	245.6 bp −$24.6K	doesn't fit

FORM 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
gTrade (Gains Network) FORM/USD	L −0.0007% / S +0.0008%	1h	0.3149	−0.152%	—	—	—	as long as short
BloFin FORM-USDT	+0.0081%	4h	0.3152	−0.063%	$868K	$414K	50x	as long as short
Aster FORMUSDT	+0.0100%	4h	0.3160	+0.192%	$39K	$1.1M	5x	as long as short
Binance FORMUSDT	+0.0100%	4h	0.3161	+0.222%	$15.4M	$173.1M	50x	as long as short
Bybit FORMUSDT	+0.0100%	4h	0.3162	+0.247%	$1.8M	$14.6M	20x	as long as short
MEXC FORM_USDTshort	+0.0100%	4h	0.3158	+0.127%	$1.2M	$9.8M	100x
KuCoin FORMUSDTMlong	+0.0100%	4h	0.3154	long leg	$184K	$1.6M	30x
Bitget FORMUSDT	+0.0100%	4h	0.3162	+0.254%	$965K	$10.5M	50x	as long as short
BingX FORM-USDT	+0.0100%	4h	0.3161	+0.222%	—	$3.9M	—	as long as short
Gate FORM_USDT	+0.0250%	4h	0.3160	+0.190%	$709K	$5.4M	50x	as long as short