Funding arb · Price arb /

SXT

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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: MEXC against KuCoin+0.045%7-day average −0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$586as in the Funding arb table

Net, price: spread back to 7d avg − costs−$573as in the Price arb table

costs, in and out, $10k−$5855.854% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.045%, 7d avg −0.077%

Together, before fees−0.121%−$12 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: MEXC is 0.123% dearer against KuCoin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SXTUSDTM	0.008880	0.0100	pay 0.0050% / 4h	3h 37m	$127K	$91K	25x
Short	MEXC SXT_USDT	0.008884	0.0100	get 0.0050% / 4h	3h 37m	$2.0M	$122K	50x

Funding 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 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 KuCoinbpFee MEXCbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.077%: $12.25
Slippage, 4 orders: −$569.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$573.15
Costs to cover: 5.854%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; MEXC: live order book, 5 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, 6 min ago	11.25 bp	242.3 bp −$242	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	1.13 bp	18.9 bp −$19	83.7 bp −$837	223.6 bp −$22.4K	doesn't fit

SXT 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
BloFin SXT-USDT	+0.0073%	4h	0.008888	+0.090%	$110K	$13K	25x	as long as short
Aster SXTUSDT	+0.0100%	4h	0.009111	+2.604%	$6K	$245	5x	as long as short
Binance SXTUSDT	+0.0100%	4h	0.008885	+0.062%	$1.7M	$2.2M	25x	as long as short
Bybit SXTUSDT	+0.0100%	4h	0.008873	−0.079%	$544K	$284K	13x	as long as short
MEXC SXT_USDTshort	+0.0100%	4h	0.008884	+0.045%	$2.0M	$122K	50x
KuCoin SXTUSDTMlong	+0.0100%	4h	0.008880	long leg	$127K	$91K	25x
Bitget SXTUSDT	+0.0100%	4h	0.008883	+0.034%	$487K	$105K	25x	as long as short
BingX SXT-USDT	+0.0100%	4h	0.008886	+0.068%	—	$6.5M	—	as long as short
Variational Omni SXT	+0.0100%	4h	0.008891	+0.120%	$528	$4K	—	as long as short