Funding you earn now, next payment 00:00 UTC+0.0428%/8h= +46.9% APRnext payment +$4.28 per $10,000 · paid last 24h +0.069%
Price spread now: KuCoin against MEXC−0.055%7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$187as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1921.921% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now −0.055%, 7d avg −0.006%
=Funding pays, the price is against you. KuCoin is 0.049% cheaper against MEXC than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of −0.006%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.050% in total) that is about 6.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.050% in total (about 2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC MINA_USDT | 0.1272 | −0.0419 | get 0.0419% / 8h | 2h 10m | $1.2M | $1.5M | 50x |
| Short | KuCoin MINAUSDTM | 0.1271 | 0.0009 | get 0.0009% / 8h | 2h 10m | $768K | $507K | 30x |
MEXC MINA_USDT
KuCoin MINAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against MEXC. 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
- $89.88
- Price spread: −0.055% → −0.006%
- −$4.88
- Slippage, 4 orders
- −$176.14
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$107.14
- Costs to cover
- 1.921%
- Break-even
- 15.3 days
Slippage from MEXC: live order book, 6 min ago; KuCoin: 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, 6 min ago | 0.79 bp | 6.3 bp −$6 | 50.3 bp −$503 | 92.7 bp −$9,269 | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 14.54 bp | 92.4 bp −$92 | doesn't fit | doesn't fit | doesn't fit |
MINA on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MINAUSD | −0.0714% | 1h | 0.1270 | −0.143% | $25K | $87K | 10x | as long as short |
| OKX MINA-USDT-SWAP | −0.0513% | 4h | 0.1270 | −0.149% | $1.9M | $17.2M | 20x | as long as short |
| BloFin MINA-USDT | −0.0433% | 8h | 0.1273 | +0.086% | $256K | $326K | 50x | as long as short |
| Binance MINAUSDT | −0.0420% | 8h | 0.1272 | −0.041% | $4.4M | $34.1M | 50x | as long as short |
| MEXC MINA_USDTlong | −0.0419% | 8h | 0.1272 | long leg | $1.2M | $1.5M | 50x | |
| Bitget MINAUSDT | −0.0270% | 8h | 0.1271 | −0.094% | $1.8M | $3.8M | 50x | as long as short |
| Gate MINA_USDT | −0.0236% | 8h | 0.1273 | +0.031% | $412K | $984K | 50x | as long as short |
| Bybit MINAUSDT | −0.0154% | 4h | 0.1273 | +0.079% | $4.5M | $6.8M | 25x | as long as short |
| BingX MINA-USDT | −0.0078% | 8h | 0.1273 | +0.047% | — | $2.7M | — | as long as short |
| KuCoin MINAUSDTMshort | +0.0009% | 8h | 0.1271 | −0.055% | $768K | $507K | 30x |
Kraken Futures PF_MINAUSD
OKX MINA-USDT-SWAP
BloFin MINA-USDT
Binance MINAUSDT
Bitget MINAUSDT
Gate MINA_USDT
Bybit MINAUSDT
BingX MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1273 | +0.047% | $3.7M | $2.2M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1276 | +0.341% | $411K | $150K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA