Funding you earn now, next payment 08:00 UTC−0.0090%/8h= −9.9% APRnext payment −$0.90 per $10,000 · paid last 24h +0.021%
Price spread now: MEXC against KuCoin+0.042%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$330.328% of the position
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 7 days−0.030%−$3 · spread now +0.042%, 7d avg +0.033%
=The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin USDCUSDTM | 0.9991 | −0.0058 | get 0.0058% / 8h | 7h 38m | $2.5M | $19K | 30x |
| Short | MEXC USDC_USDT | 0.9995 | −0.0148 | pay 0.0148% / 8h | 7h 38m | $19.4M | $586K | 200x |
KuCoin USDCUSDTM
MEXC USDC_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
- −$18.9
- Price spread: +0.042% → +0.033%
- $0.88
- Slippage, 4 orders
- −$12.85
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 4 bp × 2 orders
- −$8
- Net
- −$50.87
- Costs to cover
- 0.328%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 9 min ago; MEXC: live order book, 1 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 | 4.50 bp | 10.5 bp −$11 | 10.8 bp −$108 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 1 min ago | 0.05 bp | 4.1 bp −$4 | 4.1 bp −$41 | 4.1 bp −$411 | 4.6 bp −$2,303 |
USDC on 8 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 USDCUSDT | −0.0148% | 8h | 0.9995 | +0.042% | $4.4M | $3.8M | 50x | as long as short |
| MEXC USDC_USDTshort | −0.0148% | 8h | 0.9995 | +0.042% | $19.4M | $586K | 200x | |
| Bitget USDCUSDT | −0.0128% | 8h | 0.9995 | +0.043% | $4.3M | $17K | 50x | as long as short |
| KuCoin USDCUSDTMlong | −0.0058% | 8h | 0.9991 | long leg | $2.5M | $19K | 30x | |
| Kraken Futures PF_USDCUSD | −0.0021% | 1h | 0.9997 | +0.068% | $14K | $930 | 50x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.103% | $9.5M | $349K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.091% | $1.1M | $41K | 50x | as long as short |
| Gate USDC_USDT | +0.0100% | 8h | 0.9990 | −0.007% | $253K | $35K | 50x | as long as short |
Binance USDCUSDT
Bitget USDCUSDT
Kraken Futures PF_USDCUSD
Bybit USDCUSDT
OKX USDC-USDT-SWAP
Gate USDC_USDT