Funding arb · Price arb /

W

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin+0.170%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$218as in the Price arb table

costs, in and out, $10k−$2342.342% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)−0.179%−$18 · spread now +0.170%, 7d avg +0.006%

Together, before fees−0.224%−$22 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 0.164% dearer against KuCoin than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WUSDTM	0.01178	0.0100	pay 0.0050% / 4h	3h 48m	$388K	$190K	50x
Short	MEXC W_USDT	0.01180	0.0100	get 0.0050% / 4h	3h 48m	$12.3M	$1.3M	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 +0.170%Rate

Funding earned: $0
Price spread: +0.170% → +0.006%: $16.42
Slippage, 4 orders: −$218.16
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$217.73
Costs to cover: 2.342%
Break-even: never at this rate

Slippage from KuCoin: live order book, 45 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, 45 min ago	21.29 bp	105.7 bp −$106	534.2 bp −$5,342	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.42 bp	10.4 bp −$10	55.6 bp −$556	91.1 bp −$9,106	183.7 bp −$91.8K

W on 17 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
Deribit W_USDC-PERPETUAL	0.0000%	1h	0.01180	+0.204%	$14K	$4K	10x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+2.632%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01181	+0.255%	$2.0M	$271K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01180	+0.185%	$3.0M	$5.0M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01177	−0.068%	$4.1M	$1.5M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01179	+0.102%	$1.3M	$1.5M	20x	as long as short
Gate W_USDT	+0.0100%	4h	0.01176	−0.178%	$429K	$217K	75x	as long as short
MEXC W_USDTshort	+0.0100%	4h	0.01180	+0.170%	$12.3M	$1.3M	50x
KuCoin WUSDTMlong	+0.0100%	4h	0.01178	long leg	$388K	$190K	50x
Bitget WUSDT	+0.0100%	4h	0.01180	+0.170%	$1.3M	$539K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01179	+0.085%	—	$6.7M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01177	−0.046%	$71K	$41K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01177	−0.065%	$126K	$374K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01180	+0.158%	$59K	$388K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0384%	1h	0.01183	+0.382%	$13K	$13K	50x	as long as short
Backpack W_USDC_PERP	+0.0659%	1h	0.01181	+0.289%	$46K	$52K	15x	as long as short
Kraken Futures PF_WUSD	+0.0895%	1h	0.01182	+0.351%	$147K	$49K	20x	as long as short