Settings8H · net · $10k
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LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG120.22−0.3300get 0.1650% / 4h3h 42m$24K$705K20xLong KuCoin
SHORT120.23−0.4392pay 0.2196% / 4h3h 42m$34K$120K20xShort MEXC
Price gap+0.008%
Funding gap−0.1092% /8h

Funding costs $33 a day on $10k at the current rate. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$16−0.1092% /8h now · paid +0.159% over the last 7D
Price−$1spread +0.008% now, avg +0.021% → −0.012% if it goes back
Costs−$1,10811.081% of $10k · taker + slippage, in and out
Result−$1,093−10.93%no points

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.159% in total, about +0.0076%/8h on average.

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.008%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

HANMI on 12 exchanges

lowest funding first

Before you open

1 ok · 3 to watch
  • Watch: Thin at this size406.7 / 123.5 bp
    At $10k entering KuCoin costs 406.7 bp, fee and slippage, 3.3× MEXC’s.
  • Note: Margin at max leverage$500 + $500
    KuCoin 20x, MEXC 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval4h / 4h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$32.76Long KuCoin: 6 payments, +$99.00; short MEXC: 6 payments, −$131.76.
  • Note: Gap at its usual level+0.008% vs +0.021%
    The price leg adds little either way.
  • Watch: Long leg is thinner$24K vs $34K OI
    KuCoin sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCKuCoin Yes · MEXC Yes
    Standard KYC (ID and face check) for any product since Aug 2023.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0076%/8h × 21 periods+$15.91
Price spread+0.008% → +0.021% (7d avg)−$1.24
Slippage, 4 orderslive order books−$1,092.12
Fee KuCoin bp × 2 orders−$12.00
Fee MEXC bp × 2 orders−$4.00
Net · 7 days · $10k−$1,093.45
Costs to cover11.081%Break-even488.1 days
Slippage: KuCoin: live order book, 24 min ago; MEXC: live order book, 24 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGKuCoin38.19406.7 bp−$407doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTMEXC23.46123.5 bp−$124271.2 bp−$2,712doesn’t fitdoesn’t fit

Closing costs about the same again.

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