Funding arb · Price arb /

OPN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin+0.192%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$512as in the Funding arb table

Net, price: spread back to 7d avg − costs−$482as in the Price arb table

costs, in and out, $10k−$5045.035% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 4 days (all we have)−0.271%−$27 · spread now +0.192%, 7d avg −0.025%

Together, before fees−0.356%−$36 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 0.217% dearer against KuCoin than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin OPNUSDTM	0.05204	0.0100	pay 0.0050% / 4h	18m 55s	$135K	$64K	25x
Short	MEXC OPN_USDT	0.05214	0.0100	get 0.0050% / 4h	18m 55s	$830K	$326K	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 +0.192%Rate

Funding earned: $0
Price spread: +0.192% → −0.025%: $21.7
Slippage, 4 orders: −$487.53
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$481.83
Costs to cover: 5.035%
Break-even: never at this rate

Slippage from KuCoin: live order book, 12 min ago; MEXC: live order book, 12 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, 12 min ago	12.37 bp	227.5 bp −$227	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 12 min ago	1.90 bp	9.6 bp −$10	74.4 bp −$744	doesn't fit	doesn't fit

OPN on 15 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
BloFin OPN-USDT	+0.0073%	4h	0.05202	−0.038%	$188K	$5K	50x	as long as short
Aster OPNUSDT	+0.0100%	4h	0.05208	+0.072%	$7K	$18K	5x	as long as short
Binance OPNUSDT	+0.0100%	4h	0.05213	+0.173%	$3.7M	$6.6M	25x	as long as short
Bybit OPNUSDT	+0.0100%	4h	0.05209	+0.096%	$736K	$3.2M	20x	as long as short
OKX OPN-USDT-SWAP	+0.0100%	4h	0.05216	+0.231%	$817K	$3.1M	20x	as long as short
MEXC OPN_USDTshort	+0.0100%	4h	0.05214	+0.192%	$830K	$326K	50x
KuCoin OPNUSDTMlong	+0.0100%	4h	0.05204	long leg	$135K	$64K	25x
Bitget OPNUSDT	+0.0100%	4h	0.05206	+0.038%	$595K	$173K	20x	as long as short
BingX OPN-USDT	+0.0100%	4h	0.05215	+0.211%	—	$1.7M	—	as long as short
Orderly PERP_OPN_USDC_mythos	+0.0100%	4h	0.05200	−0.077%	$3K	$5K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX OPN-USDT	+0.0100%	4h	0.05330	+2.421%	$2K	$1.5M	20x	as long as short
Gate OPN_USDT	+0.0210%	4h	0.05212	+0.154%	$213K	$178K	50x	as long as short
Deribit OPN_USDC-PERPETUAL	+0.2134%	1h	0.05214	+0.183%	—	$203	10x	as long as short
Coinbase International OPN-PERP-INTX	+0.2488%	1h	0.05365	+3.098%	$14K	$6K	50x	as long as short
Kraken Futures PF_OPNUSD	+0.2889%	1h	0.05231	+0.521%	$4K	$6K	20x	as long as short