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: KuCoin against MEXC+0.036%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,566as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,558as in the Price arb table

costs, in and out, $10k−$1,56615.661% of the position

Long on MEXC Short on KuCoin

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)−0.081%−$8 · spread now +0.036%, 7d avg −0.043%

Together, before fees−0.081%−$8 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 0.079% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC INIT_USDT	0.08392	0.0100	pay 0.0050% / 4h	1h 45m	$447K	$180K	20x
Short	KuCoin INITUSDTM	0.08395	0.0100	get 0.0050% / 4h	1h 45m	$325K	$61K	25x

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 +0.036%Rate

Funding earned: $0
Price spread: +0.036% → −0.043%: $7.86
Slippage, 4 orders: −$1,550.12
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,558.26
Costs to cover: 15.661%
Break-even: never at this rate

Slippage from MEXC: live order book, 51 min ago; KuCoin: live order book, 72 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, 51 min ago	4.22 bp	20.9 bp −$21	89.8 bp −$898	237.6 bp −$23.8K	doesn't fit
Sell KuCoin live order book, 72 min ago	36.70 bp	520.9 bp −$521	doesn't fit	doesn't fit	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	−0.0001%	1h	0.08385	−0.079%	$5K	$24K	10x	as long as short
Hyperliquid INIT	+0.0100%	1h	0.08391	−0.010%	$312K	$177K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08393	+0.015%	$28K	$39K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08391	−0.012%	$3.4M	$3.7M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08378	−0.167%	$1.4M	$1.5M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08383	−0.107%	$141K	$690K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08383	−0.107%	$82K	$36K	25x	as long as short
MEXC INIT_USDTlong	+0.0100%	4h	0.08392	long leg	$447K	$180K	20x
KuCoin INITUSDTMshort	+0.0100%	4h	0.08395	+0.036%	$325K	$61K	25x
Bitget INITUSDT	+0.0100%	4h	0.08385	−0.083%	$430K	$289K	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	0.08386	−0.071%	—	$6.6M	—	as long as short
Variational Omni INIT	+0.0100%	4h	0.08374	−0.214%	$27K	$12K	—	as long as short
BloFin INIT-USDT	+0.0106%	4h	0.08395	+0.036%	$153K	$81K	25x	as long as short