Funding arb · Price arb /

SKL

all SKL markets

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 −0.012%

Price spread now: MEXC against KuCoin−0.088%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$302as in the Funding arb table

Net, price: spread back to 7d avg − costs−$272as in the Price arb table

costs, in and out, $10k−$2622.618% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.401%−$40 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.088%, 7d avg +0.016%

Together, before fees−0.274%−$27 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: MEXC is 0.104% cheaper against KuCoin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKLUSDTM	0.004524	0.0100	pay 0.0050% / 4h	8m 18s	$773K	$298K	30x
Short	MEXC SKL_USDT	0.004520	0.0100	get 0.0050% / 4h	8m 18s	$341K	$191K	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 −0.088%Rate

Funding earned: $0
Price spread: −0.088% → +0.016%: −$10.41
Slippage, 4 orders: −$245.81
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$272.22
Costs to cover: 2.618%
Break-even: never at this rate

Slippage from KuCoin: live order book, 66 min ago; MEXC: live order book, 12 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, 66 min ago	5.54 bp	100.0 bp −$100	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 12 min ago	1.11 bp	14.3 bp −$14	77.3 bp −$773	220.0 bp −$22.0K	doesn't fit

SKL 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
Binance SKLUSDT	+0.0100%	4h	0.004520	−0.087%	$2.6M	$8.2M	50x	as long as short
Bybit SKLUSDT	+0.0100%	8h	0.004515	−0.199%	$836K	$962K	25x	as long as short
Gate SKL_USDT	+0.0100%	4h	0.004510	−0.309%	$157K	$234K	50x	as long as short
MEXC SKL_USDTshort	+0.0100%	4h	0.004520	−0.088%	$341K	$191K	20x
KuCoin SKLUSDTMlong	+0.0100%	4h	0.004524	long leg	$773K	$298K	30x
Bitget SKLUSDT	+0.0100%	4h	0.004517	−0.155%	$483K	$788K	25x	as long as short
BingX SKL-USDT	+0.0100%	4h	0.004516	−0.177%	—	$2.3M	—	as long as short
Variational Omni SKL	+0.0100%	8h	0.004512	−0.256%	$787	$1K	—	as long as short
BloFin SKL-USDT	+0.0126%	4h	0.004520	−0.088%	$166K	$23K	50x	as long as short
Kraken Futures PF_SKLUSD	+0.2448%	1h	0.004548	+0.537%	$5K	$5K	10x	as long as short