Funding arb · Price arb /

SKR

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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 +0.017%

Price spread now: KuCoin against MEXC−0.138%7-day average +0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$253as in the Funding arb table

Net, price: spread back to 7d avg − costs−$287as in the Price arb table

costs, in and out, $10k−$2662.662% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.273%+$27 · spread now −0.138%, 7d avg +0.072%

Together, before fees+0.406%+$41 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 0.209% cheaper against MEXC than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC SKR_USDT	0.02105	0.0100	pay 0.0050% / 4h	13m 41s	$5.0M	$835K	20x
Short	KuCoin SKRUSDTM	0.02102	0.0100	get 0.0050% / 4h	13m 41s	$766K	$1.5M	20x

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 −0.138%Rate

Funding earned: $0
Price spread: −0.138% → +0.072%: −$20.95
Slippage, 4 orders: −$250.16
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$287.11
Costs to cover: 2.662%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 2 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	2.60 bp	9.1 bp −$9	49.6 bp −$496	330.8 bp −$33.1K	doesn't fit
Sell KuCoin live order book, 2 min ago	8.81 bp	119.0 bp −$119	doesn't fit	doesn't fit	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	0.02107	+0.143%	$239K	$166K	20x	as long as short
Lighter SKR	+0.0096%	1h	0.02105	+0.005%	$8K	$26K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02106	+0.081%	$1.3M	$1.4M	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02102	−0.112%	$26K	$118K	5x	as long as short
Binance SKRUSDT	+0.0100%	4h	0.02104	−0.005%	$3.7M	$27.6M	20x	as long as short
Bybit SKRUSDT	+0.0100%	4h	0.02105	+0.024%	$4.7M	$10.6M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02105	0.000%	$994K	$1.7M	20x	as long as short
MEXC SKR_USDTlong	+0.0100%	4h	0.02105	long leg	$5.0M	$835K	20x
KuCoin SKRUSDTMshort	+0.0100%	4h	0.02102	−0.138%	$766K	$1.5M	20x
Bitget SKRUSDT	+0.0100%	4h	0.02105	+0.005%	$1.6M	$3.5M	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	0.02105	+0.029%	—	$2.8M	—	as long as short
Backpack SKR_USDC_PERP	+0.0100%	1h	0.02106	+0.052%	$52K	$211K	5x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02105	+0.043%	$2K	$3.2M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02112	+0.352%	$14K	$40K	20x	as long as short
Phoenix SKR	+0.1148%	1h	0.02116	+0.537%	$4K	$10K	3x	as long as short