Funding arb · Price arb /

INIT

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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+0.084%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,097as in the Price arb table

costs, in and out, $10k−$1,10111.009% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.084%, 7d avg +0.042%

Together, before fees−0.048%−$5 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 0.042% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin INITUSDTM	0.08346	0.0100	pay 0.0050% / 4h	3h 20m	$324K	$62K	25x
Short	MEXC INIT_USDT	0.08353	0.0100	get 0.0050% / 4h	3h 20m	$448K	$211K	20x

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 +0.084%Rate

Funding earned: $0
Price spread: +0.084% → +0.042%: $4.23
Slippage, 4 orders: −$1,084.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,096.63
Costs to cover: 11.009%
Break-even: never at this rate

Slippage from KuCoin: live order book, 52 min ago; MEXC: live order book, 21 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, 52 min ago	24.23 bp	285.3 bp −$285	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 21 min ago	4.19 bp	15.8 bp −$16	89.1 bp −$891	257.1 bp −$25.7K	doesn't fit

INIT 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_INITUSD	−0.5353%	1h	0.08349	+0.042%	$5K	$24K	10x	as long as short
Hyperliquid INIT	+0.0100%	1h	0.08356	+0.122%	$312K	$238K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08352	+0.077%	$28K	$39K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08354	+0.098%	$3.4M	$4.0M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08337	−0.108%	$1.4M	$1.7M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08349	+0.036%	$143K	$726K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08339	−0.084%	$81K	$58K	25x	as long as short
MEXC INIT_USDTshort	+0.0100%	4h	0.08353	+0.084%	$448K	$211K	20x
KuCoin INITUSDTMlong	+0.0100%	4h	0.08346	long leg	$324K	$62K	25x
Bitget INITUSDT	+0.0100%	4h	0.08353	+0.084%	$430K	$333K	25x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX INIT-USDT	+0.0100%	4h	0.08341	−0.060%	—	$6.6M	—	as long as short
Variational Omni INIT	+0.0100%	4h	0.08335	−0.131%	$26K	$15K	—	as long as short
BloFin INIT-USDT	+0.0109%	4h	0.08352	+0.072%	$154K	$112K	25x	as long as short