Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Phemex against KuCoin+0.029%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$295as in the Funding arb table
Net, price: spread back to 7d avg − costs−$277as in the Price arb table
costs, in and out, $10k−$2752.748% of the position
Funding, last 7 days−0.199%−$20 on $10k
+Price spread, last 4 days (all we have)−0.320%−$32 · spread now +0.029%, 7d avg +0.051%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Phemex is 0.022% cheaper against KuCoin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.051%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MVLLUSDTM | 35.020 | 0.0100 | pay 0.0100% / 8h | 4h 13m | $187K | $587K | 20x |
| Short | Phemex MVLLUSDT | 35.030 | 0 | get 0.0000% / 8h | 4h 13m | $1.8M | $1.1M | 10x |
KuCoin MVLLUSDTM
Phemex MVLLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$21
- Price spread: +0.029% → +0.051%
- −$2.22
- Slippage, 4 orders
- −$250.85
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$298.06
- Costs to cover
- 2.748%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 70 min ago; Phemex: 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, 70 min ago | 14.30 bp | 87.6 bp −$88 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.85 bp | 50.3 bp −$50 | doesn't fit | doesn't fit | doesn't fit |
MVLL 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance MVLLUSDT | 0.0000% | 8h | 35.039 | +0.053% | $3.4M | $39.1M | 20x | as long as short |
| Bybit MVLLUSDT | 0.0000% | 8h | 35.020 | 0.000% | $519K | $430K | 25x | as long as short |
| OKX MVLL-USDT-SWAP | 0.0000% | 8h | 35.050 | +0.086% | $871K | $1.2M | 10x | as long as short |
| Gate MVLL_USDT | 0.0000% | 8h | 35.050 | +0.086% | $540K | $1.6M | 25x | as long as short |
| MEXC MVLL_USDT | 0.0000% | 8h | 35.040 | +0.057% | $4.4M | $1.4M | 20x | as long as short |
| Bitget MVLLUSDT | 0.0000% | 8h | 35.060 | +0.114% | $677K | $639K | 20x | as long as short |
| Phemex MVLLUSDTshort | 0.0000% | 8h | 35.030 | +0.029% | $1.8M | $1.1M | 10x | |
| KuCoin MVLLUSDTMlong | +0.0100% | 8h | 35.020 | long leg | $187K | $587K | 20x | |
| HTX MVLL-USDT | +0.0100% | 8h | 35.050 | +0.086% | $9K | $257K | 10x | as long as short |
Binance MVLLUSDT
Bybit MVLLUSDT
OKX MVLL-USDT-SWAP
Gate MVLL_USDT
MEXC MVLL_USDT
Bitget MVLLUSDT
HTX MVLL-USDT