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: BingX against MEXC−0.150%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$620.617% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.170%+$17 on $10k

Price spread, last 7 days+0.150%+$15 · spread now −0.150%, 7d avg −0.006%

Together, before fees+0.320%+$32 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: BingX is 0.143% cheaper against MEXC than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KMNO_USDT	0.03340	0.0100	pay 0.0050% / 4h	3h 30m	$969K	$910K	125x
Short	BingX KMNO-USDT	0.03335	0.0100	get 0.0050% / 4h	3h 30m	—	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.150%Rate

Funding earned: $0
Price spread: −0.150% → −0.006%: −$14.34
Slippage, 4 orders: −$47.69
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$76.03
Costs to cover: 0.617%
Break-even: never at this rate

Slippage from MEXC: live order book, 25 min ago; BingX: live order book, 1 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, 25 min ago	2.99 bp	9.9 bp −$10	28.1 bp −$281	205.1 bp −$20.5K	doesn't fit
Sell BingX live order book, 1 min ago	5.99 bp	21.2 bp −$21	75.4 bp −$754	596.2 bp −$59.6K	1023.4 bp −$511.7K

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	0.03340	0.000%	$3.4M	$24.2M	50x	as long as short
Bybit KMNOUSDT	+0.0100%	4h	0.03338	−0.060%	$1.5M	$3.8M	25x	as long as short
OKX KMNO-USDT-SWAP	+0.0100%	4h	0.03339	−0.030%	$606K	$6.3M	20x	as long as short
Gate KMNO_USDT	+0.0100%	4h	0.03337	−0.090%	$137K	$255K	50x	as long as short
MEXC KMNO_USDTlong	+0.0100%	4h	0.03340	long leg	$969K	$910K	125x
Bitget KMNOUSDT	+0.0100%	4h	0.03339	−0.030%	$849K	$2.4M	50x	as long as short
BingX KMNO-USDTshort	+0.0100%	4h	0.03335	−0.150%	—	$1.4M	—
Backpack KMNO_USDC_PERP	+0.0100%	1h	0.03338	−0.051%	$84K	$64K	5x	as long as short
Variational Omni KMNO	+0.0100%	4h	0.03336	−0.107%	$27K	$89K	—	as long as short
BloFin KMNO-USDT	+0.0131%	4h	0.03333	−0.210%	$134K	$46K	50x	as long as short