Funding arb · Price arb /

SKL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.037%

Price spread now: KuCoin against MEXC+0.064%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$224as in the Funding arb table

Net, price: spread back to 7d avg − costs−$255as in the Price arb table

costs, in and out, $10k−$2642.638% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.013%−$1 · spread now +0.064%, 7d avg −0.019%

Together, before fees+0.388%+$39 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 0.084% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKL_USDT	0.004656	0.0100	pay 0.0050% / 4h	1h 06m	$401K	$205K	20x
Short	KuCoin SKLUSDTM	0.004659	0.0100	get 0.0050% / 4h	1h 06m	$832K	$355K	30x

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 +0.064%Rate

Funding earned: $0
Price spread: +0.064% → −0.019%: $8.36
Slippage, 4 orders: −$247.81
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$255.45
Costs to cover: 2.638%
Break-even: never at this rate

Slippage from MEXC: live order book, 39 min ago; KuCoin: live order book, 28 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, 39 min ago	2.16 bp	16.1 bp −$16	62.9 bp −$629	224.6 bp −$22.5K	doesn't fit
Sell KuCoin live order book, 28 min ago	8.58 bp	126.5 bp −$127	540.1 bp −$5,401	doesn't fit	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	0.004656	−0.002%	$2.8M	$8.9M	50x	as long as short
Bybit SKLUSDT	+0.0100%	8h	0.004659	+0.064%	$909K	$1.0M	25x	as long as short
Gate SKL_USDT	+0.0100%	4h	0.004650	−0.129%	$193K	$243K	50x	as long as short
MEXC SKL_USDTlong	+0.0100%	4h	0.004656	long leg	$401K	$205K	20x
KuCoin SKLUSDTMshort	+0.0100%	4h	0.004659	+0.064%	$832K	$355K	30x
Bitget SKLUSDT	+0.0100%	4h	0.004653	−0.064%	$501K	$886K	25x	as long as short
BingX SKL-USDT	+0.0100%	4h	0.004655	−0.021%	—	$2.3M	—	as long as short
Variational Omni SKL	+0.0100%	8h	0.004670	+0.303%	$717	$1K	—	as long as short
BloFin SKL-USDT	+0.0103%	4h	0.004666	+0.215%	$186K	$44K	50x	as long as short
Kraken Futures PF_SKLUSD	+0.1863%	1h	0.004662	+0.133%	$5K	$5K	10x	as long as short