Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 980.10 | +0.0229 | pay 0.0686% / 24h | 9h 55m | $186K | $1.6M | 4.5x | Long Kalshi | |
| SHORT | 984.32 | 0 | 0.0000% / 4h | 3h 55m | $19.0M | $875K | 100x | Short MEXC |
Price gap+0.431%
Funding gap−0.0229% /8h
The gap pays +$35 on $10k if it goes back to its 7d average, but funding costs $7 a day and eats that in about 5.1 days. At the last 7 days' pace that is about 31 days.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$8−0.0229% /8h now · paid −0.079% over the last 7D
Price+$35spread +0.431% now, avg +0.081% → +0.350% if it goes back
Costsdoesn’t fit$10k a leg is deeper than the books hold
Result, before costs+$27+0.27%no pointscosts unknown: book too thin at $10k · What the last 7D really paid, hour by hour → backtest
The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.079% in total, about −0.0038%/8h on average.
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.431%
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
/8hXPD on 19 exchanges
lowest funding firstBefore you open
1 ok · 4 to watch- Problem: Doesn’t fit the books—$10k a leg is deeper than Kalshi’s order book right now.
- Note: Margin at max leverage$2,181 + $100Kalshi 4.5x, MEXC 100x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ24h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$6.86Long Kalshi: 1 payment, −$6.86; short MEXC: 6 payments, $0.00.
- OK: Entry gap works for you+0.431% vs +0.081%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Long leg is thinner$186K vs $19.0M OIKalshi sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- Watch: KYCKalshi Yes · MEXC YesA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0038%/8h × 21 periods−$7.92
Price spread+0.431% → +0.081% (7d avg)+$34.96
Slippage, 4 ordersdoesn’t fit the book at $10k—
Fee Kalshi bp × 2 orders−$0.48
Fee MEXC bp × 2 orders$0.00
Net · 7 days · $10k—
doesn’t fit the books at $10kCosts to cover—Break-even—
Slippage: Kalshi: live order book, 2 min ago; MEXC: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKalshi570.42doesn’t fitdoesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTMEXC5.337.4 bp−$744.2 bp−$442133.3 bp−$13.3K340.2 bp−$170.1K
Closing costs about the same again.