Funding arb · Price arb /

INIT

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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+0.012%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,566as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,569as in the Price arb table

costs, in and out, $10k−$1,56615.661% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now +0.012%, 7d avg +0.044%

Together, before fees+0.065%+$6 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 0.032% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin INITUSDTM	0.08316	0.0100	pay 0.0050% / 4h	2h 22m	$322K	$64K	25x
Short	MEXC INIT_USDT	0.08317	0.0100	get 0.0050% / 4h	2h 22m	$443K	$210K	20x

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 +0.012%Rate

Funding earned: $0
Price spread: +0.012% → +0.044%: −$3.21
Slippage, 4 orders: −$1,550.12
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,569.33
Costs to cover: 15.661%
Break-even: never at this rate

Slippage from KuCoin: live order book, 35 min ago; MEXC: live order book, 13 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, 35 min ago	36.70 bp	1002.7 bp −$1,003	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 13 min ago	4.22 bp	21.6 bp −$22	86.3 bp −$863	236.2 bp −$23.6K	doesn't fit

INIT on 13 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
Hyperliquid INIT	+0.0100%	1h	0.08321	+0.066%	$310K	$224K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08309	−0.082%	$28K	$39K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08322	+0.070%	$3.4M	$4.0M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08307	−0.108%	$1.4M	$1.7M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08319	+0.036%	$139K	$744K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08302	−0.168%	$81K	$46K	25x	as long as short
MEXC INIT_USDTshort	+0.0100%	4h	0.08317	+0.012%	$443K	$210K	20x
KuCoin INITUSDTMlong	+0.0100%	4h	0.08316	long leg	$322K	$64K	25x
Bitget INITUSDT	+0.0100%	4h	0.08315	−0.012%	$427K	$348K	25x	as long as short
BingX INIT-USDT	+0.0100%	4h	0.08311	−0.060%	—	$6.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni INIT	+0.0100%	4h	0.08270	−0.552%	$26K	$14K	—	as long as short
Kraken Futures PF_INITUSD	+0.0113%	1h	0.08300	−0.190%	$5K	$24K	10x	as long as short
BloFin INIT-USDT	+0.0157%	4h	0.08289	−0.325%	$152K	$109K	25x	as long as short