Funding arb · Price arb /

IO

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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 KuCoin0.000%7-day average −0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$211as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$1991.986% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now 0.000%, 7d avg −0.062%

Together, before fees−0.072%−$7 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 0.062% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin IOUSDTM	0.1504	0.0100	pay 0.0050% / 4h	3h 30m	$355K	$629K	50x
Short	MEXC IO_USDT	0.1504	0.0100	get 0.0050% / 4h	3h 30m	$1.2M	$230K	125x

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: $0
Price spread: 0.000% → −0.062%: $6.22
Slippage, 4 orders: −$182.65
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$192.42
Costs to cover: 1.986%
Break-even: never at this rate

Slippage from KuCoin: live order book, 44 min ago; MEXC: live order book, 1 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, 44 min ago	3.30 bp	92.8 bp −$93	495.5 bp −$4,955	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	6.65 bp	12.8 bp −$13	165.5 bp −$1,655	324.9 bp −$32.5K	doesn't fit

IO on 14 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 IO	+0.0100%	1h	0.1505	+0.060%	$1.0M	$366K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1505	+0.088%	$23K	$48K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1505	+0.066%	$3.0M	$6.5M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1504	0.000%	$1.1M	$897K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1504	+0.027%	$230K	$554K	50x	as long as short
MEXC IO_USDTshort	+0.0100%	4h	0.1504	0.000%	$1.2M	$230K	125x
KuCoin IOUSDTMlong	+0.0100%	4h	0.1504	long leg	$355K	$629K	50x
Bitget IOUSDT	+0.0100%	4h	0.1506	+0.133%	$1.3M	$1.3M	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1505	+0.066%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1505	+0.082%	$33K	$14K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended IO-USD	+0.0104%	1h	0.1505	+0.037%	$1K	$138K	5x	as long as short
BloFin IO-USDT	+0.0134%	4h	0.1508	+0.266%	$194K	$39K	50x	as long as short
Injective IO/USDC PERP	+0.0193%	1h	0.1508	+0.266%	$2K	$200	5.5x	as long as short
Kraken Futures PF_IOUSD	+1.6719%	1h	0.1502	−0.119%	$39K	$10K	10x	as long as short