Funding you earn now, next payment 12:00 UTC−0.0300%/8h= −32.8% APRnext payment −$1.50 per $10,000 · paid last 24h +0.048%
Price spread now: KuCoin against MEXC−0.004%7-day average +0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$3,154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$3,174as in the Price arb table
costs, in and out, $10k−$3,16831.677% of the position
Funding, last 7 days+0.133%+$13 on $10k
+Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.004%, 7d avg +0.063%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.067% cheaper against MEXC than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.063%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.133%, so the current rate has only just turned against you.
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 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 | MEXC NPC_USDT | 0.02377 | 0.0400 | pay 0.0200% / 4h | 2h 19m | $127K | $88K | 20x |
| Short | KuCoin NPCUSDTM | 0.02377 | 0.0100 | get 0.0050% / 4h | 2h 19m | $1.2M | $179K | 20x |
MEXC NPC_USDT
KuCoin NPCUSDTMFunding 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
- −$63
- Price spread: −0.004% → +0.063%
- −$6.69
- Slippage, 4 orders
- −$3,151.65
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$3,237.34
- Costs to cover
- 31.677%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 23 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, 23 min ago | 61.81 bp | 235.5 bp −$235 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 61.41 bp | 512.9 bp −$513 | doesn't fit | doesn't fit | doesn't fit |
NPC on 2 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NPCUSDTMshort | +0.0100% | 4h | 0.02377 | −0.004% | $1.2M | $179K | 20x | |
| MEXC NPC_USDTlong | +0.0400% | 4h | 0.02377 | long leg | $127K | $88K | 20x |