Funding arb · Price arb /

STABLE

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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 0.000%

Price spread now: KuCoin against MEXC+0.359%7-day average +0.141% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,115as in the Price arb table

costs, in and out, $10k−$1,13611.364% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)−0.217%−$22 · spread now +0.359%, 7d avg +0.141%

Together, before fees−0.110%−$11 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 0.218% dearer against MEXC than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.141%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STABLE_USDT	0.02507	0.0100	pay 0.0050% / 4h	3h 09m	$623K	$172K	20x
Short	KuCoin STABLEUSDTM	0.02516	0.0100	get 0.0050% / 4h	3h 09m	$186K	$30K	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 +0.359%Rate

Funding earned: $0
Price spread: +0.359% → +0.141%: $21.79
Slippage, 4 orders: −$1,116.43
Fee MEXC: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,114.65
Costs to cover: 11.364%
Break-even: never at this rate

Slippage from MEXC: live order book, 56 min ago; KuCoin: live order book, 35 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, 56 min ago	1.98 bp	12.8 bp −$13	42.0 bp −$420	222.5 bp −$22.3K	679.3 bp −$339.7K
Sell KuCoin live order book, 35 min ago	1.98 bp	232.7 bp −$233	doesn't fit	doesn't fit	doesn't fit

STABLE 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 STABLE-USDT	+0.0052%	4h	0.02508	+0.040%	$117K	$8K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02520	+0.527%	$116K	$8K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02508	+0.028%	$884K	$209K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02508	+0.029%	$19K	$7K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02508	+0.029%	$2.5M	$2.9M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02509	+0.080%	$1.5M	$765K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02507	0.000%	$203K	$428K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02507	0.000%	$174K	$72K	50x	as long as short
MEXC STABLE_USDTlong	+0.0100%	4h	0.02507	long leg	$623K	$172K	20x
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02516	+0.359%	$186K	$30K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02506	−0.040%	$293K	$118K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02507	0.000%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02509	+0.083%	$147K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02505	−0.068%	$2K	$790K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02507	−0.014%	$14K	$146K	10x	as long as short