Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: KuCoin against MEXC+0.030%7-day average −0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$768as in the Funding arb table

Net, price: spread back to 7d avg − costs−$755as in the Price arb table

costs, in and out, $10k−$7657.655% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 7 days−0.019%−$2 · spread now +0.030%, 7d avg −0.079%

Together, before fees−0.042%−$4 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 0.108% dearer against MEXC than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC H_USDT	0.06757	0.0100	pay 0.0050% / 4h	2h 57m	$6.0M	$1.0M	20x
Short	KuCoin HUSDTM	0.06759	0.0100	get 0.0050% / 4h	2h 57m	$1.6M	$10.1M	8x

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 +0.030%Rate

Funding earned: $0
Price spread: +0.030% → −0.079%: $10.83
Slippage, 4 orders: −$749.46
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$754.63
Costs to cover: 7.655%
Break-even: never at this rate

Slippage from MEXC: live order book, just now; KuCoin: live order book, 1 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, just now	1.48 bp	15.8 bp −$16	61.7 bp −$617	125.8 bp −$12.6K	doesn't fit
Sell KuCoin live order book, 1 min ago	5.19 bp	354.2 bp −$354	doesn't fit	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−7.503%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0058%	4h	0.06741	−0.237%	$584K	$102K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06755	−0.037%	$106K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06757	+0.006%	$14.3M	$10.4M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06747	−0.149%	$7.4M	$4.8M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06762	+0.074%	$1.7M	$6.1M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06753	−0.059%	$2.8M	$1.6M	10x	as long as short
MEXC H_USDTlong	+0.0100%	4h	0.06757	long leg	$6.0M	$1.0M	20x
KuCoin HUSDTMshort	+0.0100%	4h	0.06759	+0.030%	$1.6M	$10.1M	8x
Bitget HUSDT	+0.0100%	4h	0.06749	−0.118%	$1.7M	$412K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06759	+0.030%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06767	+0.152%	$9K	$3K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06798	+0.613%	$1.1M	$411K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06757	−0.001%	$9K	$208K	5x	as long as short