Funding arb · Price arb /

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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: MEXC against KuCoin+0.016%7-day average +0.316% · you sell dearer than you buy

Net, funding: paid 7d − costs−$752as in the Funding arb table

Net, price: spread back to 7d avg − costs−$798as in the Price arb table

costs, in and out, $10k−$7687.683% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.168%+$17 on $10k

Price spread, last 7 days+0.581%+$58 · spread now +0.016%, 7d avg +0.316%

Together, before fees+0.749%+$75 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: MEXC is 0.300% cheaper against KuCoin than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of +0.316%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ONUSDTM	0.1257	0.0100	pay 0.0050% / 4h	49m 48s	$680K	$30K	50x
Short	MEXC ON_USDT	0.1257	0.0100	get 0.0050% / 4h	49m 48s	$1.4M	$569K	50x

Funding 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 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 KuCoinbpFee MEXCbpOrdersPrice spread, now +0.016%Rate

Funding earned: $0
Price spread: +0.016% → +0.316%: −$29.97
Slippage, 4 orders: −$748.31
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$798.28
Costs to cover: 7.683%
Break-even: never at this rate

Slippage from KuCoin: live order book, 47 min ago; MEXC: live order book, 5 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, 47 min ago	21.55 bp	296.0 bp −$296	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	3.97 bp	34.3 bp −$34	164.1 bp −$1,641	371.4 bp −$37.1K	913.5 bp −$456.7K

ON on 8 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
edgeX ONUSDC	+0.0095%	4h	0.1259	+0.189%	$8K	$130K	10x	as long as short
Binance ONUSDT	+0.0100%	4h	0.1258	+0.095%	$5.6M	$4.0M	50x	as long as short
Gate ON_USDT	+0.0100%	4h	0.1255	−0.103%	$278K	$24K	5x	as long as short
MEXC ON_USDTshort	+0.0100%	4h	0.1257	+0.016%	$1.4M	$569K	50x
KuCoin ONUSDTMlong	+0.0100%	4h	0.1257	long leg	$680K	$30K	50x
BingX ON-USDT	+0.0100%	4h	0.1258	+0.095%	—	$6.6M	—	as long as short
Variational Omni ON	+0.0100%	4h	0.1258	+0.109%	$24K	$1K	—	as long as short
Aster ONUSDT	+0.0234%	4h	0.1258	+0.095%	$412K	$32K	5x	as long as short