Funding arb · Price arb /

AR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.021%

Price spread now: KuCoin against MEXC−0.155%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$214as in the Price arb table

costs, in and out, $10k−$1981.980% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 7 days+0.136%+$14 · spread now −0.155%, 7d avg +0.007%

Together, before fees+0.241%+$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.162% cheaper against MEXC than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AR_USDT	4.5190	0.0100	pay 0.0100% / 8h	5h 01m	$6.4M	$4.3M	100x
Short	KuCoin ARUSDTM	4.5120	0.0100	get 0.0100% / 8h	5h 01m	$1.2M	$1.2M	50x

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

Position, each leg$Hold fordaysFee MEXCbpFee KuCoinbpOrdersPrice spread, now −0.155%Rate

Funding earned: $0
Price spread: −0.155% → +0.007%: −$16.15
Slippage, 4 orders: −$182.04
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$214.2
Costs to cover: 1.980%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; KuCoin: live order book, 3 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 MEXC live order book, 1 min ago	1.11 bp	3.1 bp −$3	13.9 bp −$139	203.8 bp −$20.4K	doesn't fit
Sell KuCoin live order book, 3 min ago	7.72 bp	99.9 bp −$100	721.9 bp −$7,219	doesn't fit	doesn't fit

AR on 17 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
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5153	−0.083%	$580K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0033%	8h	4.5190	0.000%	$2.3M	$18.4M	20x	as long as short
Injective AR/USDC PERP	+0.0033%	1h	4.5290	+0.221%	$548	$3K	5.5x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5297	+0.237%	$4.1M	$4.5M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5110	−0.177%	$19K	$485K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.5200	+0.022%	$9.0M	$50.6M	75x	as long as short
Bybit ARUSDT	+0.0100%	8h	4.5232	+0.093%	$4.7M	$8.2M	75x	as long as short
Gate AR_USDT	+0.0100%	8h	4.5180	−0.022%	$2.5M	$2.0M	50x	as long as short
MEXC AR_USDTlong	+0.0100%	8h	4.5190	long leg	$6.4M	$4.3M	100x
KuCoin ARUSDTMshort	+0.0100%	8h	4.5120	−0.155%	$1.2M	$1.2M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDT	+0.0100%	8h	4.5210	+0.044%	$4.0M	$5.2M	75x	as long as short
BingX AR-USDT	+0.0100%	8h	4.5190	0.000%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5306	+0.257%	$235K	$242K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5280	+0.199%	$20K	$722K	50x	as long as short
Extended AR-USD	+0.0104%	1h	4.5163	−0.059%	$37K	$235K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.5290	+0.221%	$432K	$491K	20x	as long as short
Kraken Futures PF_ARUSD	+0.1931%	1h	4.5265	+0.166%	$61K	$160K	20x	as long as short