Funding arb · Price arb /

KMNO

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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 Bitget+0.120%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$660.658% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.152%−$15 on $10k

Price spread, last 7 days−0.066%−$7 · spread now +0.120%, 7d avg +0.034%

Together, before fees−0.218%−$22 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 0.086% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget KMNOUSDT	0.03337	0.0100	pay 0.0050% / 4h	2h 37m	$846K	$2.4M	50x
Short	MEXC KMNO_USDT	0.03341	0.0100	get 0.0050% / 4h	2h 37m	$969K	$827K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now +0.120%Rate

Funding earned: $0
Price spread: +0.120% → +0.034%: $8.61
Slippage, 4 orders: −$49.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$57.2
Costs to cover: 0.658%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; MEXC: live order book, 13 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 Bitget live order book, 5 min ago	4.49 bp	30.7 bp −$31	93.9 bp −$939	doesn't fit	doesn't fit
Sell MEXC live order book, 13 min ago	1.49 bp	6.2 bp −$6	36.4 bp −$364	207.7 bp −$20.8K	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
Backpack KMNO_USDC_PERP	+0.0077%	1h	0.03337	+0.012%	$83K	$63K	5x	as long as short
Binance KMNOUSDT	+0.0100%	4h	0.03341	+0.120%	$3.4M	$23.4M	50x	as long as short
Bybit KMNOUSDT	+0.0100%	4h	0.03336	−0.030%	$1.5M	$3.7M	25x	as long as short
OKX KMNO-USDT-SWAP	+0.0100%	4h	0.03338	+0.030%	$603K	$5.9M	20x	as long as short
Gate KMNO_USDT	+0.0100%	4h	0.03335	−0.060%	$137K	$243K	50x	as long as short
MEXC KMNO_USDTshort	+0.0100%	4h	0.03341	+0.120%	$969K	$827K	125x
Bitget KMNOUSDTlong	+0.0100%	4h	0.03337	long leg	$846K	$2.4M	50x
BingX KMNO-USDT	+0.0100%	4h	0.03340	+0.090%	—	$1.4M	—	as long as short
Variational Omni KMNO	+0.0100%	4h	0.03335	−0.061%	$27K	$89K	—	as long as short
BloFin KMNO-USDT	+0.0103%	4h	0.03334	−0.090%	$135K	$46K	50x	as long as short