Funding arb · Price arb /

KMNO

all KMNO markets

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 +0.041%

Price spread now: MEXC against Bybit0.000%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1341.345% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.069%−$7 on $10k

Price spread, last 7 days−0.034%−$3 · spread now 0.000%, 7d avg +0.030%

Together, before fees−0.103%−$10 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 0.030% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit KMNOUSDT	0.03293	0.0100	pay 0.0050% / 4h	1h 06m	$1.4M	$3.6M	25x
Short	MEXC KMNO_USDT	0.03293	0.0100	get 0.0050% / 4h	1h 06m	$868K	$799K	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.030%: −$2.96
Slippage, 4 orders: −$119.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$137.46
Costs to cover: 1.345%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; MEXC: live order book, 39 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 Bybit live order book, 1 min ago	3.04 bp	57.0 bp −$57	373.9 bp −$3,739	doesn't fit	doesn't fit
Sell MEXC live order book, 39 min ago	4.56 bp	11.1 bp −$11	103.6 bp −$1,036	192.6 bp −$19.3K	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	−0.1513%	1h	0.03292	−0.024%	$83K	$64K	5x	as long as short
Binance KMNOUSDT	+0.0100%	4h	0.03294	+0.030%	$3.2M	$22.3M	50x	as long as short
Bybit KMNOUSDTlong	+0.0100%	4h	0.03293	long leg	$1.4M	$3.6M	25x
OKX KMNO-USDT-SWAP	+0.0100%	4h	0.03295	+0.061%	$580K	$5.3M	20x	as long as short
Gate KMNO_USDT	+0.0100%	4h	0.03295	+0.061%	$139K	$245K	50x	as long as short
MEXC KMNO_USDTshort	+0.0100%	4h	0.03293	0.000%	$868K	$799K	125x
Bitget KMNOUSDT	+0.0100%	4h	0.03294	+0.030%	$844K	$2.5M	50x	as long as short
BingX KMNO-USDT	+0.0100%	4h	0.03295	+0.061%	—	$1.4M	—	as long as short
Variational Omni KMNO	+0.0100%	4h	0.03292	−0.034%	$26K	$88K	—	as long as short
BloFin KMNO-USDT	+0.0141%	4h	0.03290	−0.091%	$127K	$46K	50x	as long as short