Funding you earn now, next payment 04:00 UTC+0.0482%/8h= +52.8% APRnext payment +$2.41 per $10,000 · paid last 24h +0.157%
Price spread now: MEXC against KuCoin−0.374%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,274as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,369as in the Price arb table
costs, in and out, $10k−$1,33713.373% of the position
Funding, last 7 days+0.638%+$64 on $10k
+Price spread, last 4 days (all we have)+0.553%+$55 · spread now −0.374%, 7d avg −0.056%
=Funding pays, the price is against you. MEXC is 0.317% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.374% now, against its 7-day average of −0.056%). If the spread goes back, that is −$32 on $10k: about 2.2 days of funding at the current rate (+$14 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SONICUSDTM | 0.02675 | 0.0440 | pay 0.0220% / 4h | 21m 19s | $496K | $25K | 10x |
| Short | MEXC SONIC_USDT | 0.02665 | 0.0922 | get 0.0461% / 4h | 21m 19s | $868K | $134K | 50x |
KuCoin SONICUSDTM
MEXC SONIC_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $101.22
- Price spread: −0.374% → −0.056%
- −$31.75
- Slippage, 4 orders
- −$1,321.3
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$1,267.82
- Costs to cover
- 13.373%
- Break-even
- 94.7 days
Slippage from KuCoin: live order book, 62 min ago; MEXC: live order book, 29 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, 62 min ago | 94.67 bp | 612.4 bp −$612 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 29 min ago | 3.77 bp | 23.0 bp −$23 | 137.8 bp −$1,378 | 323.0 bp −$32.3K | 621.2 bp −$310.6K |
SONIC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit SONICUSDT | +0.0100% | 4h | 0.02667 | −0.299% | $1.0M | $1.0M | 25x | as long as short |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02665 | −0.374% | $137K | $93K | 25x | as long as short |
| Variational Omni SONIC | +0.0100% | 4h | 0.02635 | −1.495% | $3K | $2K | — | as long as short |
| Bitget SONICUSDT | +0.0164% | 4h | 0.02659 | −0.598% | $416K | $473K | 10x | as long as short |
| KuCoin SONICUSDTMlong | +0.0440% | 4h | 0.02675 | long leg | $496K | $25K | 10x | |
| BloFin SONIC-USDT | +0.0887% | 4h | 0.02660 | −0.561% | $131K | $4K | 10x | as long as short |
| MEXC SONIC_USDTshort | +0.0922% | 4h | 0.02665 | −0.374% | $868K | $134K | 50x | |
| Binance SONICUSDT | +0.0927% | 4h | 0.02664 | −0.411% | $1.4M | $2.3M | 10x | as long as short |
Bybit SONICUSDT
Gate SONIC_USDT
Variational Omni SONIC
Bitget SONICUSDT
BloFin SONIC-USDT
Binance SONICUSDT