Funding you earn now, next payment 08:00 UTC−0.0256%/8h= −28.0% APRnext payment −$1.28 per $10,000 · paid last 24h +0.029%
Price spread now: MEXC against KuCoin+0.411%7-day average +0.288% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,399as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,417as in the Price arb table
costs, in and out, $10k−$1,43014.295% of the position
Funding, last 7 days+0.302%+$30 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now +0.411%, 7d avg +0.288%
=The price spread pays, funding is against you. MEXC is 0.123% dearer against KuCoin than usual: you sell high and buy low (spread +0.411% now, against its 7-day average of +0.288%): +$12 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 38 hours. Mind the row above: over the last 7 days funding on this pair paid +0.302%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin SWARMSUSDTM | 0.008279 | 0.1044 | pay 0.0522% / 4h | 2h 57m | $776K | $120K | 20x |
| Short | MEXC SWARMS_USDT | 0.008313 | 0.0788 | get 0.0394% / 4h | 2h 57m | $156K | $95K | 100x |
KuCoin SWARMSUSDTM
MEXC SWARMS_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
- −$53.76
- Price spread: +0.411% → +0.288%
- $12.31
- Slippage, 4 orders
- −$1,413.51
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$1,470.96
- Costs to cover
- 14.295%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 17 min ago; MEXC: live order book, 28 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, 17 min ago | 16.30 bp | 623.6 bp −$624 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 28 min ago | 3.02 bp | 24.4 bp −$24 | 84.0 bp −$840 | 236.3 bp −$23.6K | 511.3 bp −$255.6K |
SWARMS on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate SWARMS_USDT | +0.0100% | 4h | 0.008270 | −0.109% | $950K | $104K | 10x | as long as short |
| MEXC SWARMS_USDTshort | +0.0788% | 4h | 0.008313 | +0.411% | $156K | $95K | 100x | |
| BingX SWARMS-USDT | +0.0788% | 4h | 0.008319 | +0.483% | — | $6.5M | — | as long as short |
| Binance SWARMSUSDT | +0.0788% | 4h | 0.008320 | +0.501% | $3.6M | $3.4M | 20x | as long as short |
| Extended SWARMS-USD | +0.0792% | 1h | 0.008306 | +0.324% | $9K | $213K | 5x | as long as short |
| BloFin SWARMS-USDT | +0.0796% | 4h | 0.008282 | +0.036% | $232K | $7K | 20x | as long as short |
| KuCoin SWARMSUSDTMlong | +0.1044% | 4h | 0.008279 | long leg | $776K | $120K | 20x | |
| Aster SWARMSUSDT | +0.1264% | 4h | 0.008300 | +0.251% | $31K | $102K | 5x | as long as short |
| Kraken Futures PF_SWARMSUSD | +1.3065% | 1h | 0.008343 | +0.774% | $9K | $149 | 10x | as long as short |
Gate SWARMS_USDT
BingX SWARMS-USDT
Binance SWARMSUSDT
Extended SWARMS-USD
BloFin SWARMS-USDT
Aster SWARMSUSDT
Kraken Futures PF_SWARMSUSD