Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: MEXC against KuCoin+0.080%7-day average −0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$205as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1921.917% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.133%−$13 on $10k

Price spread, last 4 days (all we have)−0.116%−$12 · spread now +0.080%, 7d avg −0.071%

Together, before fees−0.248%−$25 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 0.150% dearer against KuCoin than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SKRUSDTM	0.02132	0.0100	pay 0.0050% / 4h	3h 43m	$783K	$1.5M	20x
Short	MEXC SKR_USDT	0.02133	0.0100	get 0.0050% / 4h	3h 43m	$5.1M	$809K	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 +0.080%Rate

Funding earned: $0
Price spread: +0.080% → −0.071%: $15.05
Slippage, 4 orders: −$175.69
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$176.64
Costs to cover: 1.917%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; MEXC: live order book, 4 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, 3 min ago	9.13 bp	77.8 bp −$78	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.11 bp	8.7 bp −$9	59.2 bp −$592	318.8 bp −$31.9K	doesn't fit

SKR on 15 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
BloFin SKR-USDT	−0.0140%	4h	0.02130	−0.070%	$235K	$168K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02134	+0.103%	$8K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02134	+0.113%	$1.3M	$1.4M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02134	+0.110%	$25K	$121K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02133	+0.070%	$3.7M	$27.9M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02135	+0.178%	$4.7M	$10.7M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02134	+0.117%	$1.0M	$1.7M	20x	as long as short
MEXC SKR_USDTshort	+0.0100%	4h	0.02133	+0.080%	$5.1M	$809K	20x
KuCoin SKRUSDTMlong	+0.0100%	4h	0.02132	long leg	$783K	$1.5M	20x
Bitget SKRUSDT	+0.0100%	4h	0.02135	+0.145%	$1.6M	$3.6M	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX SKR-USDT	+0.0100%	4h	0.02133	+0.094%	—	$2.8M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02134	+0.127%	$53K	$211K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02131	−0.014%	$1K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02139	+0.333%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.0380%	1h	0.02134	+0.103%	$4K	$10K	3x	as long as short