Funding arb · Price arb /

KMNO

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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 Gate−0.088%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$190as in the Price arb table

costs, in and out, $10k−$1841.838% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.088%, 7d avg −0.024%

Together, before fees−0.149%−$15 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 0.064% cheaper against Gate than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate KMNO_USDT	0.03406	0.0100	pay 0.0050% / 4h	2h 50m	$135K	$369K	50x
Short	MEXC KMNO_USDT	0.03403	0.0100	get 0.0050% / 4h	2h 50m	$1.0M	$1.1M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now −0.088%Rate

Funding earned: $0
Price spread: −0.088% → −0.024%: −$6.39
Slippage, 4 orders: −$164.82
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$190.21
Costs to cover: 1.838%
Break-even: never at this rate

Slippage from Gate: live order book, 15 min ago; MEXC: live order book, 10 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 Gate live order book, 15 min ago	7.23 bp	88.8 bp −$89	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 10 min ago	2.92 bp	7.0 bp −$7	31.7 bp −$317	197.5 bp −$19.7K	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	0.03402	−0.117%	$3.5M	$32.5M	50x	as long as short
Bybit KMNOUSDT	+0.0100%	4h	0.03403	−0.088%	$1.6M	$4.8M	25x	as long as short
OKX KMNO-USDT-SWAP	+0.0100%	4h	0.03398	−0.235%	$623K	$12.0M	20x	as long as short
Gate KMNO_USDTlong	+0.0100%	4h	0.03406	long leg	$135K	$369K	50x
MEXC KMNO_USDTshort	+0.0100%	4h	0.03403	−0.088%	$1.0M	$1.1M	125x
Bitget KMNOUSDT	+0.0100%	4h	0.03403	−0.088%	$911K	$3.3M	50x	as long as short
BingX KMNO-USDT	+0.0100%	4h	0.03402	−0.117%	—	$1.5M	—	as long as short
Variational Omni KMNO	+0.0100%	4h	0.03401	−0.133%	$27K	$116K	—	as long as short
BloFin KMNO-USDT	+0.0112%	4h	0.03406	0.000%	$136K	$75K	50x	as long as short
Backpack KMNO_USDC_PERP	+0.1094%	1h	0.03404	−0.059%	$87K	$66K	5x	as long as short