Funding you earn now, next payment 00:00 UTC−0.0602%/8h= −65.9% APRnext payment −$3.01 per $10,000 · paid last 24h −0.336%
Price spread now: MEXC against KuCoin−0.687%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$627as in the Funding arb table
Net, price: spread back to 7d avg − costs−$665as in the Price arb table
costs, in and out, $10k−$6016.011% of the position
Funding, last 7 days−0.261%−$26 on $10k
+Price spread, last 4 days (all we have)+0.627%+$63 · spread now −0.687%, 7d avg −0.051%
=Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and MEXC is 0.636% cheaper against KuCoin than usual: you would sell low and buy high (−$64 if the spread goes back to its 7-day average of −0.051%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.261% in total (about -13.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.01 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin KERNELUSDTM | 0.04803 | −0.0164 | get 0.0082% / 4h | 1h 54m | $203K | $301K | 30x |
| Short | MEXC KERNEL_USDT | 0.04770 | −0.0766 | pay 0.0383% / 4h | 1h 54m | $975K | $709K | 20x |
KuCoin KERNELUSDTM
MEXC KERNEL_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$126.42
- Price spread: −0.687% → −0.051%
- −$63.59
- Slippage, 4 orders
- −$585.1
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$791.11
- Costs to cover
- 6.011%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 16 min ago; MEXC: live order book, 25 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, 16 min ago | 66.60 bp | 360.3 bp −$360 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 25 min ago | 3.17 bp | 14.9 bp −$15 | 23.1 bp −$231 | 234.2 bp −$23.4K | doesn't fit |
KERNEL on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit KERNELUSDT | −0.1129% | 4h | 0.04770 | −0.687% | $876K | $5.1M | 20x | as long as short |
| BingX KERNEL-USDT | −0.1002% | 4h | 0.04775 | −0.583% | — | $6.7M | — | as long as short |
| Variational Omni KERNEL | −0.0917% | 4h | 0.04782 | −0.435% | $8K | $13K | — | as long as short |
| Binance KERNELUSDT | −0.0766% | 4h | 0.04778 | −0.523% | $1.7M | $21.0M | 25x | as long as short |
| MEXC KERNEL_USDTshort | −0.0766% | 4h | 0.04770 | −0.687% | $975K | $709K | 20x | |
| Bitget KERNELUSDT | −0.0260% | 4h | 0.04786 | −0.354% | $398K | $2.5M | 25x | as long as short |
| KuCoin KERNELUSDTMlong | −0.0164% | 4h | 0.04803 | long leg | $203K | $301K | 30x | |
| Gate KERNEL_USDT | −0.0102% | 4h | 0.04802 | −0.021% | $144K | $545K | 50x | as long as short |
Bybit KERNELUSDT
BingX KERNEL-USDT
Variational Omni KERNEL
Binance KERNELUSDT
Bitget KERNELUSDT
Gate KERNEL_USDT