Funding you earn now, next payment 04:00 UTC−0.1664%/8h= −182.2% APRnext payment −$8.32 per $10,000 · paid last 24h −0.019%
Price spread now: MEXC against KuCoin+0.132%7-day average +0.049% · you sell dearer than you buy
Net, funding: paid 7d − costs−$904as in the Funding arb table
Net, price: spread back to 7d avg − costs−$871as in the Price arb table
costs, in and out, $10k−$8798.792% of the position
Funding, last 7 days−0.246%−$25 on $10k
+Price spread, last 4 days (all we have)−0.204%−$20 · spread now +0.132%, 7d avg +0.049%
=The price spread pays, funding is against you. MEXC is 0.083% dearer against KuCoin than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of +0.049%): +$8 on $10k if it goes back. Holding the pair costs −$50 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.246% in total) that is about 2.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.246% in total (about -12.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.32 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 RECALLUSDTM | 0.04537 | 0.2412 | pay 0.1206% / 4h | 1h 10m | $583K | $834K | 40x |
| Short | MEXC RECALL_USDT | 0.04543 | 0.0748 | get 0.0374% / 4h | 1h 10m | $494K | $137K | 50x |
KuCoin RECALLUSDTM
MEXC RECALL_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
- −$349.44
- Price spread: +0.132% → +0.049%
- $8.32
- Slippage, 4 orders
- −$863.22
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$1,220.34
- Costs to cover
- 8.792%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 24 min ago; MEXC: live order book, 44 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, 24 min ago | 7.75 bp | 679.1 bp −$679 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 44 min ago | 5.53 bp | 22.0 bp −$22 | 104.3 bp −$1,043 | 871.3 bp −$87.1K | doesn't fit |
RECALL on 11 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 RECALLUSDT | +0.0100% | 4h | 0.04536 | −0.022% | $752K | $239K | 25x | as long as short |
| Gate RECALL_USDT | +0.0100% | 4h | 0.04527 | −0.220% | $62K | $16K | 25x | as long as short |
| Bitget RECALLUSDT | +0.0100% | 4h | 0.04524 | −0.287% | $704K | $105K | 25x | as long as short |
| Variational Omni RECALL | +0.0100% | 4h | 0.04530 | −0.163% | $6K | $668 | — | as long as short |
| MEXC RECALL_USDTshort | +0.0748% | 4h | 0.04543 | +0.132% | $494K | $137K | 50x | |
| Binance RECALLUSDT | +0.0749% | 4h | 0.04545 | +0.176% | $1.4M | $853K | 40x | as long as short |
| Extended RECALL-USD | +0.0752% | 1h | 0.04544 | +0.147% | $2K | $168K | 5x | as long as short |
| BingX RECALL-USDT | +0.0762% | 4h | 0.04536 | −0.022% | — | $6.5M | — | as long as short |
| OKX RECALL-USDT-SWAP | +0.0820% | 4h | 0.04539 | +0.044% | $128K | $206K | 10x | as long as short |
| Aster RECALLUSDT | +0.1818% | 4h | 0.04540 | +0.070% | $19K | $17K | 5x | as long as short |
Bybit RECALLUSDT
Gate RECALL_USDT
Bitget RECALLUSDT
Variational Omni RECALL
Binance RECALLUSDT
Extended RECALL-USD
BingX RECALL-USDT
OKX RECALL-USDT-SWAP
Aster RECALLUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin RECALLUSDTMlong | +0.2412% | 4h | 0.04537 | long leg | $583K | $834K | 40x |