Settings8H · net · $10k
Funding arb · Price arb /

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0198%/8h= +21.7% APRnext payment +$0.99 per $10,000 · paid last 24h −0.017%
Price spread now: MEXC against KuCoin+0.360%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1661.662% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.363%−$36 on $10k
Price spread, last 7 days−0.384%−$38 · spread now +0.360%, 7d avg +0.048%
Together, before fees−0.747%−$75 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and MEXC is 0.312% dearer against KuCoin than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.048%. Mind the row above: over the last 7 days funding on this pair cost −0.363%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin 4USDTM0.019450.0428pay 0.0214% / 4h44m 34s$840K$11.9M20x
ShortMEXC 4_USDT0.019520.0626get 0.0313% / 4h44m 34s$1.7M$988K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$41.58
Price spread: +0.360% → +0.048%
$31.19
Slippage, 4 orders
−$150.23
Fee KuCoin: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$93.46
Costs to cover
1.662%
Break-even
22.7 days
Slippage from KuCoin: live order book, 2 min ago; MEXC: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 2 min ago7.71 bp53.3 bp −$53doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 5 min ago2.57 bp17.6 bp −$18109.7 bp −$1,097262.1 bp −$26.2Kdoesn't fit

4 on 9 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit 4USDT+0.0100%4h0.01947+0.129%$2.6M$2.0M5xas long as short
Variational Omni 4+0.0100%4h0.01941−0.231%$47K$11Kas long as short
SunX 4-USDT+0.0100%4h0.01948+0.154%$2K$1.6M20xas long as short
Gate 4_USDT+0.0360%4h0.01951+0.288%$531K$309K20xas long as short
KuCoin 4USDTMlong+0.0428%4h0.01945long leg$840K$11.9M20x
Aster 4USDT+0.0582%4h0.01948+0.146%$235K$126K5xas long as short
BingX 4-USDT+0.0607%4h0.01954+0.473%$1.4Mas long as short
Binance 4USDT+0.0625%4h0.01953+0.388%$7.7M$14.1M20xas long as short
MEXC 4_USDTshort+0.0626%4h0.01952+0.360%$1.7M$988K100x