Funding you earn now, next payment 04:00 UTC−0.0466%/8h= −51.0% APRnext payment −$2.33 per $10,000 · paid last 24h −0.157%
Price spread now: KuCoin against MEXC−0.375%7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,401as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,380as 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)+0.196%+$20 · spread now −0.375%, 7d avg +0.056%
=Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and KuCoin is 0.431% cheaper against MEXC than usual: you would sell low and buy high (−$43 if the spread goes back to its 7-day average of +0.056%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC SONIC_USDT | 0.02667 | 0.0922 | pay 0.0461% / 4h | 23m 15s | $866K | $132K | 50x |
| Short | KuCoin SONICUSDTM | 0.02657 | 0.0456 | get 0.0228% / 4h | 23m 15s | $493K | $25K | 10x |
MEXC SONIC_USDT
KuCoin SONICUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$97.86
- Price spread: −0.375% → +0.056%
- −$43.13
- Slippage, 4 orders
- −$1,321.3
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,478.29
- Costs to cover
- 13.373%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 27 min ago; KuCoin: live order book, 60 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, 27 min ago | 3.77 bp | 37.0 bp −$37 | 173.4 bp −$1,734 | 326.9 bp −$32.7K | 633.4 bp −$316.7K |
| Sell KuCoin live order book, 60 min ago | 94.67 bp | 664.9 bp −$665 | doesn't fit | doesn't fit | doesn't fit |
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 | 0.02671 | +0.150% | $1.0M | $1.0M | 25x | as long as short |
| Gate SONIC_USDT | +0.0100% | 4h | 0.02663 | −0.150% | $137K | $91K | 25x | as long as short |
| Variational Omni SONIC | +0.0100% | 4h | 0.02635 | −1.199% | $3K | $2K | — | as long as short |
| Bitget SONICUSDT | +0.0166% | 4h | 0.02662 | −0.187% | $417K | $466K | 10x | as long as short |
| KuCoin SONICUSDTMshort | +0.0456% | 4h | 0.02657 | −0.375% | $493K | $25K | 10x | |
| BloFin SONIC-USDT | +0.0904% | 4h | 0.02637 | −1.125% | $130K | $4K | 10x | as long as short |
| MEXC SONIC_USDTlong | +0.0922% | 4h | 0.02667 | long leg | $866K | $132K | 50x | |
| Binance SONICUSDT | +0.0922% | 4h | 0.02671 | +0.158% | $1.4M | $2.3M | 10x | as long as short |
Bybit SONICUSDT
Gate SONIC_USDT
Variational Omni SONIC
Bitget SONICUSDT
BloFin SONIC-USDT
Binance SONICUSDT