Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin−0.142%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$276as in the Funding arb table

Net, price: spread back to 7d avg − costs−$277as in the Price arb table

costs, in and out, $10k−$2732.728% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days+0.067%+$7 · spread now −0.142%, 7d avg −0.096%

Together, before fees+0.038%+$4 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 0.046% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TURBOUSDTM	0.001056	0.0100	pay 0.0050% / 4h	2h 50m	$1.9M	$830K	20x
Short	MEXC TURBO_USDT	0.001055	0.0100	get 0.0050% / 4h	2h 50m	$5.4M	$596K	20x

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 −0.142%Rate

Funding earned: $0
Price spread: −0.142% → −0.096%: −$4.59
Slippage, 4 orders: −$256.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$277.36
Costs to cover: 2.728%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; MEXC: live order book, 2 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, 1 min ago	7.56 bp	83.7 bp −$84	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	4.26 bp	35.9 bp −$36	53.6 bp −$536	66.7 bp −$6,667	116.8 bp −$58.4K

TURBO on 14 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
Kraken Futures PF_TURBOUSD	−0.0115%	1h	0.001053	−0.269%	$69K	$30K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+1.202%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001056	−0.028%	$316K	$167K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001054	−0.198%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001054	−0.195%	$2.9M	$6.3M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001055	−0.085%	$393K	$759K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001055	−0.151%	$882K	$2.1M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001055	−0.123%	$386K	$314K	25x	as long as short
MEXC TURBO_USDTshort	+0.0100%	4h	0.001055	−0.142%	$5.4M	$596K	20x
KuCoin TURBOUSDTMlong	+0.0100%	4h	0.001056	long leg	$1.9M	$830K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDT	+0.0100%	4h	0.001055	−0.123%	$1.0M	$553K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001055	−0.161%	—	$7.7M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001055	−0.142%	$452	$226K	5x	as long as short
BloFin TURBO-USDT	+0.0127%	4h	0.001054	−0.208%	$154K	$455K	75x	as long as short