PTB

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.042%

Price spread now: MEXC against KuCoin−0.097%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$343as in the Funding arb table

Net, price: spread back to 7d avg − costs−$313as in the Price arb table

costs, in and out, $10k−$2982.979% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.455%−$46 on $10k

Price spread, last 7 days+0.260%+$26 · spread now −0.097%, 7d avg +0.051%

Together, before fees−0.195%−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.148% cheaper against KuCoin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.051%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PTBUSDTM	0.001034	0.0862	pay 0.0431% / 4h	2h 51m	$1.6M	$6.6M	20x
Short	MEXC PTB_USDT	0.001033	0.0622	get 0.0311% / 4h	2h 51m	$328K	$620K	20x

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 −0.097%Rate

Funding earned: −$50.4
Price spread: −0.097% → +0.051%: −$14.78
Slippage, 4 orders: −$277.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$363.05
Costs to cover: 2.979%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; MEXC: live order book, 58 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	7.70 bp	168.5 bp −$168	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 58 min ago	3.36 bp	36.3 bp −$36	71.7 bp −$717	237.0 bp −$23.7K	doesn't fit

PTB on 10 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
Variational Omni PTB	+0.0100%	4h	0.001042	+0.756%	$30K	$63K	—	as long as short
Bybit PTBUSDT	+0.0149%	4h	0.001033	−0.135%	$1.5M	$18.2M	25x	as long as short
BingX PTB-USDT	+0.0518%	4h	0.001034	+0.039%	—	$2.1M	—	as long as short
MEXC PTB_USDTshort	+0.0622%	4h	0.001033	−0.097%	$328K	$620K	20x
Binance PTBUSDT	+0.0623%	4h	0.001033	−0.068%	$7.3M	$109.0M	20x	as long as short
Extended kPTB-USD	+0.0624%	1h	0.001032	−0.162%	$4K	$42K	5x	as long as short
BloFin PTB-USDT	+0.0645%	4h	0.001036	+0.222%	$430K	$450K	20x	as long as short
KuCoin PTBUSDTMlong	+0.0862%	4h	0.001034	long leg	$1.6M	$6.6M	20x
Aster PTBUSDT	+0.0987%	4h	0.001037	+0.292%	$77K	$791K	5x	as long as short
Gate PTB_USDT	+0.2344%	4h	0.001029	−0.445%	$1.8M	$3.7M	25x	as long as short