Funding you earn now, next payment 08:00 UTC+0.0377%/8h= +41.3% APRnext payment +$3.77 per $10,000 · paid last 24h −0.047%
Price spread now: MEXC against KuCoin+0.106%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$841as in the Funding arb table
Net, price: spread back to 7d avg − costs−$825as in the Price arb table
costs, in and out, $10k−$8368.360% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.106%, 7d avg −0.004%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and MEXC is 0.110% dearer against KuCoin than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.004%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.047% in total (about -2.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.77 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin WAVESUSDTM | 0.2827 | 0.0100 | pay 0.0100% / 8h | 3h 30m | $361K | $35K | 20x |
| Short | MEXC WAVES_USDT | 0.2830 | 0.0477 | get 0.0477% / 8h | 3h 30m | $473K | $130K | 20x |
KuCoin WAVESUSDTM
MEXC WAVES_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
- $79.17
- Price spread: +0.106% → −0.004%
- $11.02
- Slippage, 4 orders
- −$819.97
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$745.77
- Costs to cover
- 8.360%
- Break-even
- 72.9 days
Slippage from KuCoin: live order book, 42 min ago; MEXC: live order book, 14 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, 42 min ago | 30.05 bp | 421.8 bp −$422 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 14 min ago | 3.54 bp | 33.5 bp −$34 | 60.9 bp −$609 | 103.2 bp −$10.3K | doesn't fit |
WAVES on 6 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin WAVESUSDTMlong | +0.0100% | 8h | 0.2827 | long leg | $361K | $35K | 20x | |
| Variational Omni WAVES | +0.0400% | 8h | 0.2833 | +0.195% | $276 | $2K | — | as long as short |
| BingX WAVES-USDT | +0.0417% | 8h | 0.2831 | +0.141% | — | $1.3M | — | as long as short |
| MEXC WAVES_USDTshort | +0.0477% | 8h | 0.2830 | +0.106% | $473K | $130K | 20x | |
| BloFin WAVES-USDT | +0.0483% | 8h | 0.2830 | +0.106% | $90K | $23K | 20x | as long as short |
| Bybit WAVESUSDT | +0.0493% | 8h | 0.2831 | +0.141% | $1.7M | $1.6M | 20x | as long as short |
Variational Omni WAVES
BingX WAVES-USDT
BloFin WAVES-USDT
Bybit WAVESUSDT