Funding arb · Price arb /

KMNO

all KMNO markets

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: MEXC against BingX+0.030%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$600.604% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.030%, 7d avg +0.007%

Together, before fees−0.235%−$24 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 0.023% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX KMNO-USDT	0.03372	0.0100	pay 0.0050% / 4h	1h 14m	—	$1.5M	—
Short	MEXC KMNO_USDT	0.03373	0.0100	get 0.0050% / 4h	1h 14m	$992K	$1.1M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → +0.007%: $2.31
Slippage, 4 orders: −$46.39
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$58.07
Costs to cover: 0.604%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; MEXC: live order book, 2 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 BingX live order book, 8 min ago	4.47 bp	19.8 bp −$20	70.9 bp −$709	596.9 bp −$59.7K	871.8 bp −$435.9K
Sell MEXC live order book, 2 min ago	1.49 bp	5.7 bp −$6	36.1 bp −$361	219.1 bp −$21.9K	doesn't fit

KMNO on 10 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
Binance KMNOUSDT	+0.0100%	4h	0.03371	−0.022%	$3.4M	$30.9M	50x	as long as short
Bybit KMNOUSDT	+0.0100%	4h	0.03371	−0.030%	$1.5M	$4.7M	25x	as long as short
OKX KMNO-USDT-SWAP	+0.0100%	4h	0.03369	−0.089%	$604K	$10.6M	20x	as long as short
Gate KMNO_USDT	+0.0100%	4h	0.03372	0.000%	$138K	$359K	50x	as long as short
MEXC KMNO_USDTshort	+0.0100%	4h	0.03373	+0.030%	$992K	$1.1M	125x
Bitget KMNOUSDT	+0.0100%	4h	0.03371	−0.030%	$860K	$3.3M	50x	as long as short
BingX KMNO-USDTlong	+0.0100%	4h	0.03372	long leg	—	$1.5M	—
Backpack KMNO_USDC_PERP	+0.0100%	1h	0.03373	+0.039%	$85K	$68K	5x	as long as short
Variational Omni KMNO	+0.0100%	4h	0.03369	−0.094%	$27K	$98K	—	as long as short
BloFin KMNO-USDT	+0.0120%	4h	0.03374	+0.059%	$133K	$72K	50x	as long as short