Funding you earn now, next payment 00:00 UTC−0.0284%/8h= −31.1% APRnext payment −$1.42 per $10,000 · paid last 24h −0.027%
Price spread now: KuCoin against MEXC−0.084%7-day average −0.050% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,321as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,323as in the Price arb table
costs, in and out, $10k−$1,32013.198% of the position
Funding, last 7 days−0.011%−$1 on $10k
+Price spread, last 4 days (all we have)+0.055%+$5 · spread now −0.084%, 7d avg −0.050%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and KuCoin is 0.034% cheaper against MEXC than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.050%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.011% in total (about -0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.42 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 ZRX_USDT | 0.1192 | 0.0100 | pay 0.0050% / 4h | 1h 14m | $905K | $166K | 50x |
| Short | KuCoin ZRXUSDTM | 0.1191 | −0.0184 | pay 0.0092% / 4h | 1h 14m | $324K | $59K | 30x |
MEXC ZRX_USDT
KuCoin ZRXUSDTMFunding 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
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
- −$59.64
- Price spread: −0.084% → −0.050%
- −$3.35
- Slippage, 4 orders
- −$1,303.82
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,382.81
- Costs to cover
- 13.198%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 61 min ago; KuCoin: live order book, 56 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 MEXC live order book, 61 min ago | 4.19 bp | 8.2 bp −$8 | 40.4 bp −$404 | 212.7 bp −$21.3K | doesn't fit |
| Sell KuCoin live order book, 56 min ago | 16.76 bp | 631.6 bp −$632 | doesn't fit | doesn't fit | doesn't fit |
ZRX on 11 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 ZRXUSDTMshort | −0.0184% | 4h | 0.1191 | −0.084% | $324K | $59K | 30x | |
| Bybit ZRXUSDT | −0.0075% | 8h | 0.1193 | +0.101% | $1.4M | $342K | 25x | as long as short |
| Kraken Futures PF_ZRXUSD | +0.0035% | 1h | 0.1195 | +0.231% | $39K | $4K | 10x | as long as short |
| BloFin ZRX-USDT | +0.0093% | 4h | 0.1192 | 0.000% | $95K | $19K | 50x | as long as short |
| Binance ZRXUSDT | +0.0100% | 4h | 0.1193 | +0.084% | $1.8M | $1.2M | 50x | as long as short |
| OKX ZRX-USDT-SWAP | +0.0100% | 4h | 0.1194 | +0.185% | $532K | $253K | 20x | as long as short |
| Gate ZRX_USDT | +0.0100% | 8h | 0.1192 | +0.025% | $146K | $41K | 75x | as long as short |
| MEXC ZRX_USDTlong | +0.0100% | 4h | 0.1192 | long leg | $905K | $166K | 50x | |
| Bitget ZRXUSDT | +0.0100% | 4h | 0.1193 | +0.084% | $580K | $125K | 50x | as long as short |
| BingX ZRX-USDT | +0.0100% | 4h | 0.1193 | +0.084% | — | $2.3M | — | as long as short |
Bybit ZRXUSDT
Kraken Futures PF_ZRXUSD
BloFin ZRX-USDT
Binance ZRXUSDT
OKX ZRX-USDT-SWAP
Gate ZRX_USDT
Bitget ZRXUSDT
BingX ZRX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni ZRX | +0.0100% | 8h | 0.1193 | +0.084% | $23K | $41K | — | as long as short |
Variational Omni ZRX