Settings8H · net · $10k
Funding arb · Price arb /

HEI

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SwapBacktest
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 −0.009%
Price spread now: KuCoin against MEXC−0.071%7-day average +0.135% · you buy dearer than you sell
Net, funding: paid 7d − costs−$866as in the Funding arb table
Net, price: spread back to 7d avg − costs−$954as in the Price arb table
costs, in and out, $10k−$9339.334% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.675%+$68 on $10k
Price spread, last 7 days+0.225%+$22 · spread now −0.071%, 7d avg +0.135%
Together, before fees+0.900%+$90 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 0.206% cheaper against MEXC than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.135%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC HEI_USDT0.15520.0100pay 0.0050% / 4h3h 30m$1.8M$402K20x
ShortKuCoin HEIUSDTM0.15510.0100get 0.0050% / 4h3h 30m$911K$351K10x

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

Funding earned
$0
Price spread: −0.071% → +0.135%
−$20.57
Slippage, 4 orders
−$921.42
Fee MEXC: 0 bp × 2 orders
$0
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$954
Costs to cover
9.334%
Break-even
never at this rate
Slippage from MEXC: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 2 min ago3.22 bp3.5 bp −$439.4 bp −$394264.3 bp −$26.4K546.1 bp −$273.1K
Sell KuCoin live order book, 4 min ago12.28 bp403.9 bp −$404doesn't fitdoesn't fitdoesn't fit

HEI on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance HEIUSDT+0.0100%4h0.1552+0.032%$3.5M$6.7M10xas long as short
Gate HEI_USDT+0.0100%4h0.1553+0.052%$283K$478K10xas long as short
MEXC HEI_USDTlong+0.0100%4h0.1552long leg$1.8M$402K20x
KuCoin HEIUSDTMshort+0.0100%4h0.1551−0.071%$911K$351K10x
Variational Omni HEI+0.0100%4h0.1553+0.044%$14K$1as long as short
edgeX HEIUSDC+0.0106%4h0.1549−0.165%$14K$257K10xas long as short
Aster HEIUSDT+0.0294%4h0.1551−0.067%$20K$56K5xas long as short
BingX HEI-USDT+0.0786%4h0.1553+0.058%$1.3Mas long as short
Bybit HEIUSDT+0.1218%4h0.1554+0.110%$1.4M$608K5xas long as short