Funding arb · Price arb /

UB

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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 +0.010%

Price spread now: MEXC against KuCoin+0.221%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$288as in the Funding arb table

Net, price: spread back to 7d avg − costs−$271as in the Price arb table

costs, in and out, $10k−$2832.830% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.221%, 7d avg +0.104%

Together, before fees−0.131%−$13 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 0.117% dearer against KuCoin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin UBUSDTM	0.1498	0.0100	pay 0.0050% / 4h	2h 21m	$1.1M	$1.2M	20x
Short	MEXC UB_USDT	0.1502	0.0100	get 0.0050% / 4h	2h 21m	$657K	$728K	100x

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 +0.221%Rate

Funding earned: $0
Price spread: +0.221% → +0.104%: $11.75
Slippage, 4 orders: −$263.02
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$271.28
Costs to cover: 2.830%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; MEXC: live order book, 39 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, 9 min ago	17.67 bp	159.6 bp −$160	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 39 min ago	0.33 bp	9.1 bp −$9	67.6 bp −$676	231.3 bp −$23.1K	421.7 bp −$210.9K

UB on 13 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
Binance UBUSDT	+0.0100%	4h	0.1501	+0.209%	$3.2M	$16.6M	50x	as long as short
Bybit UBUSDT	+0.0100%	4h	0.1500	+0.107%	$1.0M	$2.6M	20x	as long as short
OKX UB-USDT-SWAP	+0.0100%	4h	0.1500	+0.155%	$1.4M	$15.3M	20x	as long as short
Gate UB_USDT	+0.0100%	4h	0.1498	−0.026%	$1.5M	$3.5M	25x	as long as short
MEXC UB_USDTshort	+0.0100%	4h	0.1502	+0.221%	$657K	$728K	100x
KuCoin UBUSDTMlong	+0.0100%	4h	0.1498	long leg	$1.1M	$1.2M	20x
Bitget UBUSDT	+0.0100%	4h	0.1499	+0.028%	$2.4M	$3.4M	50x	as long as short
BingX UB-USDT	+0.0100%	4h	0.1501	+0.175%	—	$2.7M	—	as long as short
Variational Omni UB	+0.0100%	4h	0.1490	−0.519%	$61	$8K	—	as long as short
edgeX UBUSDC	+0.0100%	4h	0.1500	+0.101%	$38K	$266K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX UB-USDT	+0.0100%	4h	0.1503	+0.321%	$17K	$233K	20x	as long as short
Extended UB-USD	+0.0104%	1h	0.1501	+0.173%	$967	$170K	5x	as long as short
Aster UBUSDT	+0.0653%	4h	0.1504	+0.362%	$408K	$188K	5x	as long as short