Funding arb · Price arb /

MIRA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC+0.065%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$597as in the Funding arb table

Net, price: spread back to 7d avg − costs−$607as in the Price arb table

costs, in and out, $10k−$6116.113% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.147%+$15 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.065%, 7d avg +0.019%

Together, before fees+0.189%+$19 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: KuCoin is 0.046% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC MIRA_USDT	0.05421	0.0100	pay 0.0050% / 4h	3h 37m	$206K	$131K	20x
Short	KuCoin MIRAUSDTM	0.05425	0.0100	get 0.0050% / 4h	3h 37m	$808K	$37K	50x

Funding 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 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 KuCoinbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.019%: $4.59
Slippage, 4 orders: −$595.33
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$606.74
Costs to cover: 6.113%
Break-even: never at this rate

Slippage from MEXC: live order book, 42 min ago; KuCoin: live order book, 27 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, 42 min ago	1.85 bp	14.5 bp −$14	63.2 bp −$632	700.6 bp −$70.1K	doesn't fit
Sell KuCoin live order book, 27 min ago	20.47 bp	261.9 bp −$262	doesn't fit	doesn't fit	doesn't fit

MIRA on 8 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_MIRAUSD	−0.0073%	1h	0.05421	−0.006%	$5K	$6K	10x	as long as short
Binance MIRAUSDT	+0.0100%	4h	0.05421	0.000%	$2.5M	$5.1M	50x	as long as short
Gate MIRA_USDT	+0.0100%	4h	0.05415	−0.111%	$246K	$189K	25x	as long as short
MEXC MIRA_USDTlong	+0.0100%	4h	0.05421	long leg	$206K	$131K	20x
KuCoin MIRAUSDTMshort	+0.0100%	4h	0.05425	+0.065%	$808K	$37K	50x
Bitget MIRAUSDT	+0.0100%	4h	0.05424	+0.055%	$774K	$254K	20x	as long as short
BloFin MIRA-USDT	+0.0111%	4h	0.05417	−0.074%	$238K	$11K	50x	as long as short
Bybit MIRAUSDT	+0.0342%	4h	0.05432	+0.203%	$1.1M	$1.0M	25x	as long as short