Funding arb · Price arb /

FORM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC+0.214%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$485as in the Funding arb table

Net, price: spread back to 7d avg − costs−$460as in the Price arb table

costs, in and out, $10k−$4854.850% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.285%−$29 · spread now +0.214%, 7d avg −0.038%

Together, before fees−0.284%−$28 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 0.252% dearer against MEXC than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC FORM_USDT	0.3277	0.0100	pay 0.0050% / 4h	51m 42s	$1.5M	$10.3M	100x
Short	KuCoin FORMUSDTM	0.3284	0.0100	get 0.0050% / 4h	51m 42s	$293K	$1.7M	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 +0.214%Rate

Funding earned: $0
Price spread: +0.214% → −0.038%: $25.17
Slippage, 4 orders: −$468.98
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$459.81
Costs to cover: 4.850%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 2 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, 4 min ago	1.51 bp	8.8 bp −$9	85.6 bp −$856	289.9 bp −$29.0K	doesn't fit
Sell KuCoin live order book, 2 min ago	18.09 bp	193.5 bp −$194	doesn't fit	doesn't fit	doesn't fit

FORM on 10 exchanges

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	0.3282	+0.141%	—	—	—	as long as short
Aster FORMUSDT	+0.0100%	4h	0.3283	+0.179%	$41K	$1.1M	5x	as long as short
Binance FORMUSDT	+0.0100%	4h	0.3281	+0.126%	$17.4M	$190.4M	50x	as long as short
Bybit FORMUSDT	+0.0100%	4h	0.3284	+0.211%	$2.2M	$16.4M	20x	as long as short
Gate FORM_USDT	+0.0100%	4h	0.3283	+0.183%	$683K	$5.7M	50x	as long as short
MEXC FORM_USDTlong	+0.0100%	4h	0.3277	long leg	$1.5M	$10.3M	100x
KuCoin FORMUSDTMshort	+0.0100%	4h	0.3284	+0.214%	$293K	$1.7M	30x
Bitget FORMUSDT	+0.0100%	4h	0.3277	0.000%	$1.1M	$11.8M	50x	as long as short
BingX FORM-USDT	+0.0100%	4h	0.3288	+0.336%	—	$4.0M	—	as long as short
BloFin FORM-USDT	+0.0153%	4h	0.3237	−1.221%	$994K	$441K	50x	as long as short