Funding arb · Price arb /

S

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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 −0.011%

Price spread now: KuCoin against MEXC−0.050%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1831.829% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days−0.085%−$8 · spread now −0.050%, 7d avg −0.091%

Together, before fees−0.052%−$5 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: KuCoin is 0.042% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC S_USDT	0.04033	0.0100	pay 0.0050% / 4h	2h 13m	$3.8M	$1.8M	200x
Short	KuCoin SUSDTM	0.04031	0.0100	get 0.0050% / 4h	2h 13m	$1.8M	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now −0.050%Rate

Funding earned: $0
Price spread: −0.050% → −0.091%: $4.15
Slippage, 4 orders: −$166.86
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$178.71
Costs to cover: 1.829%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 3 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 MEXC live order book, 4 min ago	1.24 bp	4.3 bp −$4	51.6 bp −$516	261.9 bp −$26.2K	doesn't fit
Sell KuCoin live order book, 3 min ago	2.49 bp	67.1 bp −$67	285.6 bp −$2,856	doesn't fit	doesn't fit

S on 25 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
01 Exchange SUSD	−1.0416%	1h	0.03840	−4.786%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1804%	1h	0.04030	−0.071%	$35K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1232%	1h	0.03961	−1.785%	$48K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04029	−0.102%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04029	−0.109%	$4	—	15x	as long as short
Variational Omni S	−0.0050%	4h	0.04028	−0.116%	$625K	$25K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04029	−0.087%	$621	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.661%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0084%	4h	0.04030	−0.074%	$100K	$557K	10x	as long as short
Lighter S	+0.0096%	1h	0.04039	+0.149%	$172K	$140K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04034	+0.012%	$1.0M	$596K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04034	+0.027%	$48K	$111K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04034	+0.027%	$5.7M	$13.7M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04028	−0.124%	$5.7M	$4.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04032	−0.025%	$1.0M	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04027	−0.149%	$328K	$185K	50x	as long as short
MEXC S_USDTlong	+0.0100%	4h	0.04033	long leg	$3.8M	$1.8M	200x
KuCoin SUSDTMshort	+0.0100%	4h	0.04031	−0.050%	$1.8M	$2.8M	50x
Bitget SUSDT	+0.0100%	4h	0.04034	+0.025%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04033	0.000%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04020	−0.322%	$24K	$484K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04032	−0.027%	$226K	$593K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04031	−0.050%	$277K	$115K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0990%	1h	0.04038	+0.124%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.2414%	1h	0.04040	+0.174%	$117K	$426K	5x	as long as short