Funding you earn now, next payment 08:00 UTC+0.2682%/8h= +293.7% APRnext payment +$13.41 per $10,000 · paid last 24h +0.351%
Price spread now: KuCoin against MEXC+0.095%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$340as in the Funding arb table
Net, price: spread back to 7d avg − costs−$362as in the Price arb table
costs, in and out, $10k−$3673.672% of the position
Funding, last 7 days+0.276%+$28 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.095%, 7d avg +0.044%
=Both sides work for this trade now. Funding pays +$80 a day on $10k at the current rate, and KuCoin is 0.052% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.044%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.276% in total (about 14.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$13.41 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 | MEXC KERNEL_USDT | 0.06301 | −2.1488 | get 1.0744% / 4h | 2h 43m | $1.2M | $3.2M | 20x |
| Short | KuCoin KERNELUSDTM | 0.06307 | −1.8806 | pay 0.9403% / 4h | 2h 43m | $519K | $715K | 30x |
MEXC KERNEL_USDT
KuCoin KERNELUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $563.22
- Price spread: +0.095% → +0.044%
- $5.15
- Slippage, 4 orders
- −$351.15
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $201.22
- Costs to cover
- 3.672%
- Break-even
- 4.5 days
Slippage from MEXC: live order book, 3 min ago; KuCoin: live order book, 16 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 | 2.39 bp | 9.5 bp −$9 | 19.4 bp −$194 | 186.8 bp −$18.7K | 557.1 bp −$278.5K |
| Sell KuCoin live order book, 16 min ago | 28.13 bp | 78.7 bp −$79 | doesn't fit | doesn't fit | 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 | −3.2038% | 4h | 0.06358 | +0.905% | $2.6M | $17.5M | 20x | as long as short |
| BingX KERNEL-USDT | −2.8800% | 4h | 0.06303 | +0.032% | — | $7.4M | — | as long as short |
| Variational Omni KERNEL | −2.6894% | 4h | 0.06328 | +0.435% | $14K | $71K | — | as long as short |
| Gate KERNEL_USDT | −2.2534% | 4h | 0.06284 | −0.270% | $327K | $2.4M | 50x | as long as short |
| Bitget KERNELUSDT | −2.2146% | 4h | 0.06305 | +0.063% | $1.2M | $9.6M | 25x | as long as short |
| Binance KERNELUSDT | −2.1587% | 4h | 0.06305 | +0.057% | $4.0M | $86.9M | 25x | as long as short |
| MEXC KERNEL_USDTlong | −2.1488% | 4h | 0.06301 | long leg | $1.2M | $3.2M | 20x | |
| KuCoin KERNELUSDTMshort | −1.8806% | 4h | 0.06307 | +0.095% | $519K | $715K | 30x |
Bybit KERNELUSDT
BingX KERNEL-USDT
Variational Omni KERNEL
Gate KERNEL_USDT
Bitget KERNELUSDT
Binance KERNELUSDT