Settings8H · net · $10k
Funding arb · Price arb /

SATS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0146%/8h= −16.0% APRpaid last 24h −0.011%
Price spread now: KuCoin against MEXC−0.081%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,067as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,084as in the Price arb table
costs, in and out, $10k−$1,07510.748% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.078%+$8 on $10k
Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.081%, 7d avg +0.007%
Together, before fees+0.159%+$16 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.088% cheaper against MEXC than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.007%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.078%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC SATS_USDT0.000000012300.0246pay 0.0246% / 8h7h 43m$388K$194K100x
ShortKuCoin 10000SATSUSDTM0.000000012290.0100get 0.0050% / 4h3h 43m$187K$91K10x

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

Funding earned
−$30.66
Price spread: −0.081% → +0.007%
−$8.81
Slippage, 4 orders
−$1,054.82
Fee MEXC: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$1,114.28
Costs to cover
10.748%
Break-even
never at this rate
Slippage from MEXC: live order book, 37 min ago; KuCoin: live order book, 47 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 37 min ago12.29 bp35.8 bp −$36154.1 bp −$1,541265.6 bp −$26.6K534.2 bp −$267.1K
Sell KuCoin live order book, 47 min ago8.16 bp491.5 bp −$492doesn't fitdoesn't fitdoesn't fit

SATS on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000SATSUSDT+0.0100%4h0.00000001229−0.081%$2.1M$5.8M25xas long as short
Bybit 10000SATSUSDT+0.0100%4h0.000000012300.000%$281K$894K13xas long as short
Gate SATS_USDT+0.0100%4h0.00000001228−0.163%$361K$260K25xas long as short
KuCoin 10000SATSUSDTMshort+0.0100%4h0.00000001229−0.081%$187K$91K10x
Bitget 1000SATSUSDT+0.0100%4h0.000000012300.000%$715K$260K25xas long as short
MEXC SATS_USDTlong+0.0246%8h0.00000001230long leg$388K$194K100x
BingX 10000SATS-USDT+0.0246%4h0.00000001231+0.081%$5.6Mas long as short
OKX SATS-USDT-SWAP+0.0247%8h0.00000001231+0.041%$807K$3.1M10xas long as short