Funding you earn now, next payment 04:00 UTC+0.0300%/8h= +32.8% APRnext payment +$1.50 per $10,000 · paid last 24h −0.083%
Price spread now: MEXC against KuCoin+0.276%7-day average −0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,145as in the Price arb table
costs, in and out, $10k−$2,18021.802% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 4 days (all we have)−0.357%−$36 · spread now +0.276%, 7d avg −0.076%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and MEXC is 0.351% dearer against KuCoin than usual: you sell high and buy low: +$35 more if the spread goes back to its 7-day average of −0.076%. Mind the row above: over the last 7 days funding on this pair cost −0.133%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.133% in total (about -6.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.50 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 | KuCoin NPCUSDTM | 0.02394 | 0.0100 | pay 0.0050% / 4h | 1h 33m | $1.2M | $223K | 20x |
| Short | MEXC NPC_USDT | 0.02401 | 0.0400 | get 0.0200% / 4h | 1h 33m | $129K | $87K | 20x |
KuCoin NPCUSDTM
MEXC NPC_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
- Price spread: +0.276% → −0.076%
- $35.13
- Slippage, 4 orders
- −$2,164.16
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$2,082.03
- Costs to cover
- 21.802%
- Break-even
- 238.3 days
Slippage from KuCoin: live order book, 1 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, 1 min ago | 25.20 bp | 1071.2 bp −$1,071 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 53.52 bp | 275.7 bp −$276 | doesn't fit | doesn't fit | doesn't fit |
NPC on 2 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NPCUSDTMlong | +0.0100% | 4h | 0.02394 | long leg | $1.2M | $223K | 20x | |
| MEXC NPC_USDTshort | +0.0400% | 4h | 0.02401 | +0.276% | $129K | $87K | 20x |