GOAT

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0208%/8h= +22.8% APRnext payment +$1.04 per $10,000 · paid last 24h +0.069%

Price spread now: MEXC against KuCoin0.000%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$812as in the Funding arb table

Net, price: spread back to 7d avg − costs−$828as in the Price arb table

costs, in and out, $10k−$8188.180% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now 0.000%, 7d avg +0.100%

Together, before fees+0.180%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.100% cheaper against KuCoin than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.100%). If the spread goes back, that is −$10 on $10k: about 38 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.057% in total) that is about 12 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.04 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 GOATUSDTM	0.01856	0.0100	pay 0.0050% / 4h	2h 30m	$364K	$129K	30x
Short	MEXC GOAT_USDT	0.01856	0.0308	get 0.0154% / 4h	2h 30m	$430K	$162K	200x

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 0.000%Rate

Funding earned: $43.68
Price spread: 0.000% → +0.100%: −$9.96
Slippage, 4 orders: −$801.96
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$784.24
Costs to cover: 8.180%
Break-even: 132.7 days

Slippage from KuCoin: live order book, 27 min ago; MEXC: live order book, 65 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, 27 min ago	28.97 bp	340.2 bp −$340	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 65 min ago	5.32 bp	46.7 bp −$47	172.1 bp −$1,721	209.6 bp −$21.0K	258.5 bp −$129.2K

GOAT on 11 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 GOATUSDT	+0.0100%	4h	0.01853	−0.156%	$2.0M	$1.3M	25x	as long as short
Gate GOAT_USDT	+0.0100%	4h	0.01856	+0.005%	$269K	$207K	25x	as long as short
KuCoin GOATUSDTMlong	+0.0100%	4h	0.01856	long leg	$364K	$129K	30x
Variational Omni GOAT	+0.0100%	4h	0.01855	−0.069%	$96K	$109K	—	as long as short
BloFin GOAT-USDT	+0.0301%	4h	0.01859	+0.162%	$122K	$11K	25x	as long as short
MEXC GOAT_USDTshort	+0.0308%	4h	0.01856	0.000%	$430K	$162K	200x
Binance GOATUSDT	+0.0310%	4h	0.01857	+0.054%	$1.9M	$3.0M	25x	as long as short
BingX GOAT-USDT	+0.0350%	4h	0.01857	+0.054%	—	$6.6M	—	as long as short
Hyperliquid GOAT	+0.0417%	1h	0.01859	+0.145%	$1.2M	$486K	3x	as long as short
Orderly PERP_GOAT_USDC	+0.1686%	4h	0.01860	+0.216%	$3K	$2K	10x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_GOATUSD	+0.3378%	1h	0.01860	+0.190%	$30K	$4K	10x	as long as short