Funding arb · Price arb /

INIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC−0.132%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$673as in the Funding arb table

Net, price: spread back to 7d avg − costs−$682as in the Price arb table

costs, in and out, $10k−$6736.734% of the position

Long on MEXC Short on KuCoin

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)+0.087%+$9 · spread now −0.132%, 7d avg −0.042%

Together, before fees+0.087%+$9 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 0.090% cheaper against MEXC than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC INIT_USDT	0.08314	0.0100	pay 0.0050% / 4h	3h 13m	$451K	$220K	20x
Short	KuCoin INITUSDTM	0.08303	0.0100	get 0.0050% / 4h	3h 13m	$331K	$54K	25x

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 −0.132%Rate

Funding earned: $0
Price spread: −0.132% → −0.042%: −$9
Slippage, 4 orders: −$657.43
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$682.43
Costs to cover: 6.734%
Break-even: never at this rate

Slippage from MEXC: live order book, 51 min ago; KuCoin: live order book, 38 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, 51 min ago	0.61 bp	19.9 bp −$20	88.3 bp −$883	244.2 bp −$24.4K	doesn't fit
Sell KuCoin live order book, 38 min ago	28.42 bp	259.5 bp −$259	doesn't fit	doesn't fit	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
BloFin INIT-USDT	+0.0081%	4h	0.08324	+0.120%	$155K	$113K	25x	as long as short
Hyperliquid INIT	+0.0100%	1h	0.08314	+0.004%	$302K	$234K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08295	−0.225%	$27K	$37K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08314	+0.001%	$3.4M	$3.6M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08313	−0.012%	$1.4M	$1.5M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08310	−0.048%	$137K	$646K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08305	−0.108%	$84K	$55K	25x	as long as short
MEXC INIT_USDTlong	+0.0100%	4h	0.08314	long leg	$451K	$220K	20x
KuCoin INITUSDTMshort	+0.0100%	4h	0.08303	−0.132%	$331K	$54K	25x
Bitget INITUSDT	+0.0100%	4h	0.08307	−0.084%	$432K	$304K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX INIT-USDT	+0.0100%	4h	0.08316	+0.024%	—	$6.6M	—	as long as short
Variational Omni INIT	+0.0100%	4h	0.08292	−0.268%	$26K	$23K	—	as long as short
Kraken Futures PF_INITUSD	+0.0191%	1h	0.08319	+0.066%	$5K	$17K	10x	as long as short