Settings8H · net · $10k
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Funding arb · Price arb / Crypto

TST

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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
KuCoinTSTBSCUSDTM
0.01273−0.4194get 0.2097% / 4h3h 58m$242K$357K20xLong KuCoin
SHORT
MEXCTST_USDT
0.01274−0.6532pay 0.3266% / 4h3h 58m$401K$464K20xShort MEXC
Price gap+0.157%
Funding gap−0.2338% /8h

The gap pays +$7 on $10k if it goes back to its 7d average, but funding costs $70 a day and eats that in about 3 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$18−0.2338% /8h now · paid +0.183% over the last 7D
Price+$7spread +0.157% now, avg +0.082% → +0.075% if it goes back
Costs−$4494.486% of $10k · taker + slippage, in and out
Result−$423−4.23%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.183% in total, about +0.0087%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.157%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

TST on 7 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size212.1 / 17.0 bp
    At $10k entering KuCoin costs 212.1 bp, fee and slippage, 12.5× MEXC’s.
  • Note: Margin at max leverage$500 + $500
    KuCoin 20x, MEXC 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval4h / 4h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$70.14Long KuCoin: 6 payments, +$125.82; short MEXC: 6 payments, −$195.96.
  • OK: Entry gap works for you+0.157% vs +0.082%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$242K vs $401K OI
    KuCoin sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCKuCoin Yes · MEXC Yes
    Standard KYC (ID and face check) for any product since Aug 2023.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0087%/8h × 21 periods+$18.28
Price spread+0.157% → +0.082% (7d avg)+$7.48
Slippage, 4 orderslive order books−$432.56
Fee KuCoin bp × 2 orders−$12.00
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$422.80
Costs to cover4.486%Break-even168.9 days
Slippage: KuCoin: live order book, 22 min ago; MEXC: live order book, 13 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGKuCoin7.84212.1 bp−$212doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTMEXC7.9117.0 bp−$1751.9 bp−$519277.0 bp−$27.7K577.5 bp−$288.8K

Closing costs about the same again.

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