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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0342%/8h= +37.4% APRnext payment +$1.71 per $10,000 · paid last 24h +0.016%
Price spread now: KuCoin against MEXC−0.299%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$214as in the Funding arb table
Net, price: spread back to 7d avg − costs−$277as in the Price arb table
costs, in and out, $10k−$2522.517% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.372%+$37 on $10k
Price spread, last 7 days+0.275%+$28 · spread now −0.299%, 7d avg −0.046%
Together, before fees+0.648%+$65 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.254% cheaper against MEXC than usual: you would sell low and buy high (spread −0.299% now, against its 7-day average of −0.046%). If the spread goes back, that is −$25 on $10k: about 2.5 days of funding at the current rate (+$10 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC 4_USDT0.020040.0206pay 0.0103% / 4h3h 07m$1.6M$936K100x
ShortKuCoin 4USDTM0.019980.0548get 0.0274% / 4h3h 07m$856K$12.3M20x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$71.82
Price spread: −0.299% → −0.046%
−$25.38
Slippage, 4 orders
−$235.7
Fee MEXC: 2 bp × 2 orders
−$4
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$205.26
Costs to cover
2.517%
Break-even
27.0 days
Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 6 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 MEXC live order book, 4 min ago2.49 bp13.9 bp −$14104.3 bp −$1,043250.2 bp −$25.0Kdoesn't fit
Sell KuCoin live order book, 6 min ago7.47 bp53.5 bp −$54doesn't fitdoesn't fitdoesn't fit

4 on 9 venues

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%4h0.02002−0.120%$2.6M$2.0M5xas long as short
Gate 4_USDT+0.0100%4h0.02002−0.100%$534K$299K20xas long as short
Variational Omni 4+0.0100%4h0.02003−0.053%$45K$8Kas long as short
SunX 4-USDT+0.0100%4h0.02002−0.100%$2K$1.4M20xas long as short
Aster 4USDT+0.0180%4h0.02000−0.195%$238K$112K5xas long as short
MEXC 4_USDTlong+0.0206%4h0.02004long leg$1.6M$936K100x
Binance 4USDT+0.0207%4h0.02004−0.007%$7.8M$13.3M20xas long as short
BingX 4-USDT+0.0226%4h0.02004+0.010%$1.4Mas long as short
KuCoin 4USDTMshort+0.0548%4h0.01998−0.299%$856K$12.3M20x