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: KuCoin against MEXC+0.134%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$185as in the Price arb table

costs, in and out, $10k−$1921.919% of the position

Long on MEXC Short on KuCoin

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)−0.158%−$16 · spread now +0.134%, 7d avg +0.062%

Together, before fees−0.039%−$4 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 0.072% dearer against MEXC than usual: you sell high and buy low, +$7 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	MEXC IO_USDT	0.1488	0.0100	pay 0.0050% / 4h	38m 16s	$1.2M	$216K	125x
Short	KuCoin IOUSDTM	0.1490	0.0100	get 0.0050% / 4h	38m 16s	$336K	$195K	50x

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 +0.134%Rate

Funding earned: $0
Price spread: +0.134% → +0.062%: $7.2
Slippage, 4 orders: −$175.85
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$184.65
Costs to cover: 1.919%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; KuCoin: live order book, 6 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, 3 min ago	6.70 bp	24.3 bp −$24	170.6 bp −$1,706	311.7 bp −$31.2K	doesn't fit
Sell KuCoin live order book, 6 min ago	3.35 bp	67.5 bp −$68	448.3 bp −$4,483	doesn't fit	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	0.1491	+0.195%	$1.0M	$274K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1490	+0.144%	$23K	$42K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1490	+0.134%	$3.0M	$5.0M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1488	0.000%	$1.1M	$647K	25x	as long as short
Gate IO_USDT	+0.0100%	4h	0.1491	+0.175%	$230K	$472K	50x	as long as short
MEXC IO_USDTlong	+0.0100%	4h	0.1488	long leg	$1.2M	$216K	125x
KuCoin IOUSDTMshort	+0.0100%	4h	0.1490	+0.134%	$336K	$195K	50x
Bitget IOUSDT	+0.0100%	4h	0.1492	+0.269%	$1.4M	$985K	50x	as long as short
BingX IO-USDT	+0.0100%	4h	0.1490	+0.134%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1491	+0.216%	$30K	$18K	—	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	0.1490	+0.107%	$3K	$212K	5x	as long as short
BloFin IO-USDT	+0.0141%	4h	0.1491	+0.202%	$192K	$34K	50x	as long as short
Injective IO/USDC PERP	+0.0563%	1h	0.1491	+0.202%	$2K	$198	5.5x	as long as short
Kraken Futures PF_IOUSD	+0.5943%	1h	0.1493	+0.316%	$39K	$7K	10x	as long as short