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 −0.041%

Price spread now: Bybit against MEXC−0.178%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1281.282% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 7 days+0.238%+$24 · spread now −0.178%, 7d avg −0.026%

Together, before fees+0.298%+$30 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: Bybit is 0.152% cheaper against MEXC than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC KMNO_USDT	0.03373	0.0100	pay 0.0050% / 4h	1h 14m	$992K	$1.1M	125x
Short	Bybit KMNOUSDT	0.03367	0.0100	get 0.0050% / 4h	1h 14m	$1.5M	$4.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.178%Rate

Funding earned: $0
Price spread: −0.178% → −0.026%: −$15.19
Slippage, 4 orders: −$113.24
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$143.44
Costs to cover: 1.282%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 3 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, 1 min ago	1.49 bp	11.5 bp −$12	31.5 bp −$315	216.1 bp −$21.6K	doesn't fit
Sell Bybit live order book, 3 min ago	2.97 bp	59.5 bp −$59	300.2 bp −$3,002	doesn't fit	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	0.03373	0.000%	$3.4M	$30.9M	50x	as long as short
Bybit KMNOUSDTshort	+0.0100%	4h	0.03367	−0.178%	$1.5M	$4.7M	25x
OKX KMNO-USDT-SWAP	+0.0100%	4h	0.03370	−0.089%	$604K	$10.6M	20x	as long as short
Gate KMNO_USDT	+0.0100%	4h	0.03371	−0.059%	$138K	$359K	50x	as long as short
MEXC KMNO_USDTlong	+0.0100%	4h	0.03373	long leg	$992K	$1.1M	125x
Bitget KMNOUSDT	+0.0100%	4h	0.03372	−0.030%	$860K	$3.3M	50x	as long as short
BingX KMNO-USDT	+0.0100%	4h	0.03373	0.000%	—	$1.5M	—	as long as short
Backpack KMNO_USDC_PERP	+0.0100%	1h	0.03373	+0.009%	$85K	$68K	5x	as long as short
Variational Omni KMNO	+0.0100%	4h	0.03369	−0.123%	$27K	$98K	—	as long as short
BloFin KMNO-USDT	+0.0120%	4h	0.03374	+0.030%	$133K	$72K	50x	as long as short