XNY

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.1270%/8h= −139.1% APRnext payment −$6.35 per $10,000 · paid last 24h −0.125%

Price spread now: KuCoin against MEXC+0.047%7-day average −0.226% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.647%−$65 on $10k

Price spread, last 4 days (all we have)−0.259%−$26 · spread now +0.047%, 7d avg −0.226%

Together, before fees−0.906%−$91 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.274% dearer against MEXC than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.226%): +$27 on $10k if it goes back. Holding the pair costs −$38 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.647% in total) that is about 3.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.647% in total (about -33.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.35 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	MEXC XNY_USDT	0.006334	0.1370	pay 0.0685% / 4h	3h 48m	$171K	$93K	100x
Short	KuCoin XNYUSDTM	0.006337	0.0100	get 0.0050% / 4h	3h 48m	$290K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpFee KuCoinbpOrdersPrice spread, now +0.047%Rate

Funding earned: −$266.7
Price spread: +0.047% → −0.226%: $27.36
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$255.34
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: MEXC: live order book, 42 min ago; KuCoin: live order book, 23 min ago. Net counts fees only.

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 MEXC live order book, 42 min ago	0.80 bp	25.0 bp −$25	73.3 bp −$733	167.1 bp −$16.7K	doesn't fit
Sell KuCoin live order book, 23 min ago	50.12 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

XNY on 9 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
Bybit XNYUSDT	+0.0100%	4h	0.006334	0.000%	$442K	$31K	5x	as long as short
Gate XNY_USDT	+0.0100%	4h	0.006365	+0.489%	$212K	$15K	10x	as long as short
KuCoin XNYUSDTMshort	+0.0100%	4h	0.006337	+0.047%	$290K	$13K	10x
Variational Omni XNY	+0.0100%	4h	0.006344	+0.164%	$53K	$1K	—	as long as short
Aster XNYUSDT	+0.1252%	4h	0.006336	+0.036%	$5K	$3K	5x	as long as short
BingX XNY-USDT	+0.1306%	4h	0.006333	−0.016%	—	$1.2M	—	as long as short
BloFin XNY-USDT	+0.1345%	4h	0.006337	+0.047%	$225K	$6K	10x	as long as short
MEXC XNY_USDTlong	+0.1370%	4h	0.006334	long leg	$171K	$93K	100x
Binance XNYUSDT	+0.1371%	4h	0.006333	−0.016%	$3.7M	$990K	10x	as long as short