Funding you earn now, next payment 16:00 UTC−0.0302%/8h= −33.1% APRnext payment −$3.02 per $10,000 · paid last 24h −0.039%
Price spread now: MEXC against KuCoin−0.111%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$194as in the Price arb table
costs, in and out, $10k−$1821.819% of the position
Funding, last 7 days+0.021%+$2 on $10k
+Price spread, last 4 days (all we have)+0.141%+$14 · spread now −0.111%, 7d avg +0.009%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and MEXC is 0.120% cheaper against KuCoin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.009%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.02 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MINAUSDTM | 0.1353 | −0.0655 | get 0.0655% / 8h | 4h 48m | $828K | $293K | 30x |
| Short | MEXC MINA_USDT | 0.1352 | −0.0957 | pay 0.0957% / 8h | 4h 48m | $1.3M | $856K | 50x |
KuCoin MINAUSDTM
MEXC MINA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$63.42
- Price spread: −0.111% → +0.009%
- −$11.95
- Slippage, 4 orders
- −$165.89
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$257.26
- Costs to cover
- 1.819%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 48 min ago; MEXC: 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 KuCoin live order book, 48 min ago | 19.40 bp | 82.5 bp −$83 | 1777.3 bp −$17.8K | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.11 bp | 8.1 bp −$8 | 52.2 bp −$522 | 79.7 bp −$7,970 | doesn't fit |
MINA on 12 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | −0.3494% | 1h | 0.1350 | −0.236% | $3.3M | $1.3M | 3x | as long as short |
| Kraken Futures PF_MINAUSD | −0.3332% | 1h | 0.1348 | −0.354% | $22K | $34K | 10x | as long as short |
| Bitget MINAUSDT | −0.0962% | 8h | 0.1352 | −0.118% | $1.9M | $2.4M | 50x | as long as short |
| Binance MINAUSDT | −0.0961% | 8h | 0.1353 | 0.000% | $4.7M | $16.7M | 50x | as long as short |
| MEXC MINA_USDTshort | −0.0957% | 8h | 0.1352 | −0.111% | $1.3M | $856K | 50x | |
| BloFin MINA-USDT | −0.0932% | 8h | 0.1350 | −0.251% | $262K | $159K | 50x | as long as short |
| OKX MINA-USDT-SWAP | −0.0836% | 4h | 0.1352 | −0.059% | $1.9M | $7.9M | 20x | as long as short |
| Gate MINA_USDT | −0.0753% | 8h | 0.1351 | −0.170% | $446K | $448K | 50x | as long as short |
| Bybit MINAUSDT | −0.0668% | 4h | 0.1355 | +0.140% | $4.8M | $3.8M | 25x | as long as short |
| KuCoin MINAUSDTMlong | −0.0655% | 8h | 0.1353 | long leg | $828K | $293K | 30x |
Hyperliquid MINA
Kraken Futures PF_MINAUSD
Bitget MINAUSDT
Binance MINAUSDT
BloFin MINA-USDT
OKX MINA-USDT-SWAP
Gate MINA_USDT
Bybit MINAUSDTShow all 12 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX MINA-USDT | −0.0283% | 8h | 0.1354 | +0.044% | — | $2.5M | — | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1360 | +0.535% | $441K | $43K | — | as long as short |
BingX MINA-USDT
Variational Omni MINA