Funding arb · Price arb /

FET

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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 0.000%

Price spread now: MEXC against KuCoin−0.099%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$710.707% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 7 days+0.089%+$9 · spread now −0.099%, 7d avg −0.034%

Together, before fees+0.020%+$2 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 0.065% cheaper against KuCoin than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin FETUSDTM	0.2019	0.0100	pay 0.0100% / 8h	6h 57m	$10.6M	$19.2M	50x
Short	MEXC FET_USDT	0.2017	0.0100	get 0.0100% / 8h	6h 57m	$32.2M	$24.5M	200x

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 −0.099%Rate

Funding earned: $0
Price spread: −0.099% → −0.034%: −$6.5
Slippage, 4 orders: −$58.66
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$77.17
Costs to cover: 0.707%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; MEXC: live order book, 6 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, 6 min ago	2.45 bp	35.3 bp −$35	72.2 bp −$722	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	2.46 bp	6.1 bp −$6	13.2 bp −$132	52.9 bp −$5,294	173.0 bp −$86.5K

FET on 20 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
Deribit FET_USDC-PERPETUAL	−0.6151%	1h	0.2018	−0.050%	$29K	$230K	10x	as long as short
Coinbase International FET-PERP-INTX	−0.0760%	1h	0.2005	−0.693%	$146K	$211K	50x	as long as short
Kraken Futures PF_FETUSD	−0.0743%	1h	0.2017	−0.083%	$980K	$2.2M	50x	as long as short
gTrade (Gains Network) FET/USD	L +0.0006% / S −0.0022%	1h	0.2017	−0.101%	$21K	—	150x	as long as short
Gate FET_USDT	+0.0019%	8h	0.2017	−0.099%	$2.7M	$12.1M	50x	as long as short
Injective FET/USDC PERP	+0.0033%	1h	0.2010	−0.446%	$3K	$166K	12x	as long as short
Aster FETUSDT	+0.0100%	8h	0.2017	−0.107%	$307K	$577K	10x	as long as short
Binance FETUSDT	+0.0100%	8h	0.2018	−0.060%	$31.4M	$111.7M	75x	as long as short
MEXC FET_USDTshort	+0.0100%	8h	0.2017	−0.099%	$32.2M	$24.5M	200x
KuCoin FETUSDTMlong	+0.0100%	8h	0.2019	long leg	$10.6M	$19.2M	50x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni FET	+0.0100%	8h	0.2032	+0.651%	$356K	$401K	—	as long as short
Orderly PERP_FET_USDC	+0.0100%	8h	0.2015	−0.198%	$37K	$7K	10x	as long as short
Extended FET-USD	+0.0104%	1h	0.2015	−0.177%	$33K	$247K	10x	as long as short
OKX FET-USDT-SWAP	+0.0174%	4h	0.2021	+0.099%	$999K	$8.1M	20x	as long as short
GMX FET/USD [ETH-USDC]	L +0.0201% / S −0.0278%	1h	0.2017	−0.101%	$13K	—	100x	as long as short
Hyperliquid FET	+0.0201%	1h	0.2020	+0.040%	$9.0M	$8.3M	5x	as long as short
BloFin FET-USDT	+0.0220%	8h	0.2027	+0.396%	$1.7M	$2.6M	100x	as long as short
BingX FET-USDT	+0.0269%	8h	0.2018	−0.050%	—	$6.0M	—	as long as short
Bitget FETUSDT	+0.0277%	8h	0.2020	+0.050%	$16.3M	$11.6M	75x	as long as short
Phoenix FET	+0.0467%	1h	0.2031	+0.619%	$35K	$43K	5x	as long as short