Funding you earn now, next payment 08:00 UTC−0.0358%/8h= −39.2% APRnext payment −$1.79 per $10,000 · paid last 24h −0.037%
Price spread now: MEXC against KuCoin+0.144%7-day average +0.060% · you sell dearer than you buy
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$850.853% of the position
Funding, last 7 days−0.222%−$22 on $10k
+Price spread, last 7 days−0.054%−$5 · spread now +0.144%, 7d avg +0.060%
=The price spread pays, funding is against you. MEXC is 0.084% dearer against KuCoin than usual: you sell high and buy low (spread +0.144% now, against its 7-day average of +0.060%): +$8 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 19 hours. At the pace of the last 7 days (−0.222% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.222% in total (about -11.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.79 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 PIEVERSEUSDTM | 1.8159 | 0.0824 | pay 0.0412% / 4h | 2h 51m | $13.8M | $2.4M | 20x |
| Short | MEXC PIEVERSE_USDT | 1.8185 | 0.0466 | get 0.0233% / 4h | 2h 51m | $2.5M | $809K | 20x |
KuCoin PIEVERSEUSDTM
MEXC PIEVERSE_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
- −$75.18
- Price spread: +0.144% → +0.060%
- $8.39
- Slippage, 4 orders
- −$69.35
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$152.14
- Costs to cover
- 0.853%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 2 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, 2 min ago | 7.82 bp | 23.3 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 1.38 bp | 27.9 bp −$28 | 69.2 bp −$692 | 348.6 bp −$34.9K | doesn't fit |
PIEVERSE on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PIEVERSEUSDT | +0.0100% | 4h | 1.8163 | +0.025% | $10.9M | $10.7M | 20x | as long as short |
| Gate PIEVERSE_USDT | +0.0100% | 8h | 1.8152 | −0.038% | $8.3M | $3.4M | 25x | as long as short |
| Variational Omni PIEVERSE | +0.0100% | 4h | 1.8162 | +0.019% | $49K | $11K | — | as long as short |
| SunX PIEVERSE-USDT | +0.0100% | 4h | 1.8157 | −0.010% | $1K | $695K | 20x | as long as short |
| Bitget PIEVERSEUSDT | +0.0106% | 4h | 1.8187 | +0.156% | $3.9M | $2.1M | 10x | as long as short |
| BloFin PIEVERSE-USDT | +0.0448% | 4h | 1.8169 | +0.056% | $1.1M | $2.3M | 40x | as long as short |
| Extended PIEVERSE-USD | +0.0464% | 1h | 1.8189 | +0.168% | $42K | $212K | 5x | as long as short |
| MEXC PIEVERSE_USDTshort | +0.0466% | 4h | 1.8185 | +0.144% | $2.5M | $809K | 20x | |
| Binance PIEVERSEUSDT | +0.0467% | 4h | 1.8185 | +0.144% | $21.5M | $27.1M | 20x | as long as short |
| edgeX PIEVERSEUSDC | +0.0484% | 4h | 1.8162 | +0.019% | $37K | $435K | 10x | as long as short |
Bybit PIEVERSEUSDT
Gate PIEVERSE_USDT
Variational Omni PIEVERSE
SunX PIEVERSE-USDT
Bitget PIEVERSEUSDT
BloFin PIEVERSE-USDT
Extended PIEVERSE-USD
Binance PIEVERSEUSDT
edgeX PIEVERSEUSDCShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX PIEVERSE-USDT | +0.0504% | 4h | 1.8181 | +0.122% | — | $7.1M | — | as long as short |
| OKX PIEVERSE-USDT-SWAP | +0.0537% | 4h | 1.8186 | +0.149% | $7.2M | $17.6M | 20x | as long as short |
| Aster PIEVERSEUSDT | +0.0700% | 4h | 1.8167 | +0.042% | $167K | $239K | 5x | as long as short |
| KuCoin PIEVERSEUSDTMlong | +0.0824% | 4h | 1.8159 | long leg | $13.8M | $2.4M | 20x |
BingX PIEVERSE-USDT
OKX PIEVERSE-USDT-SWAP
Aster PIEVERSEUSDT