Funding arb · Price arb /

ATH

all ATH markets

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 0.000%

Price spread now: MEXC against KuCoin+0.255%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$284as in the Funding arb table

Net, price: spread back to 7d avg − costs−$265as in the Price arb table

costs, in and out, $10k−$2852.848% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.285%−$29 · spread now +0.255%, 7d avg +0.054%

Together, before fees−0.276%−$28 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: MEXC is 0.202% dearer against KuCoin than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ATHUSDTM	0.005484	0.0100	pay 0.0050% / 4h	1h 51m	$550K	$79K	30x
Short	MEXC ATH_USDT	0.005498	0.0100	get 0.0050% / 4h	1h 51m	$8.9M	$666K	50x

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

Position, each leg$Hold fordaysFee KuCoinbpFee MEXCbpOrdersPrice spread, now +0.255%Rate

Funding earned: $0
Price spread: +0.255% → +0.054%: $20.17
Slippage, 4 orders: −$264.76
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$264.6
Costs to cover: 2.848%
Break-even: never at this rate

Slippage from KuCoin: live order book, 67 min ago; MEXC: live order book, 2 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, 67 min ago	9.15 bp	161.0 bp −$161	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	3.64 bp	12.7 bp −$13	46.6 bp −$466	194.5 bp −$19.4K	doesn't fit

ATH on 13 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
Kraken Futures PF_ATHUSD	−0.2384%	1h	0.005488	+0.064%	$17K	$109K	10x	as long as short
Variational Omni ATH	−0.0116%	4h	0.005499	+0.265%	$185K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005495	+0.202%	$11K	$59	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005496	+0.217%	$5K	$41K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005497	+0.236%	$3.3M	$4.4M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005486	+0.036%	$4.3M	$2.7M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005487	+0.055%	$706K	$1.3M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005484	0.000%	$784K	$608K	30x	as long as short
MEXC ATH_USDTshort	+0.0100%	4h	0.005498	+0.255%	$8.9M	$666K	50x
KuCoin ATHUSDTMlong	+0.0100%	4h	0.005484	long leg	$550K	$79K	30x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005497	+0.237%	$1.5M	$918K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005491	+0.128%	—	$21.4M	—	as long as short
BloFin ATH-USDT	+0.0125%	4h	0.005505	+0.383%	$164K	$71K	75x	as long as short