Funding you earn now, next payment 08:00 UTC−0.0228%/8h= −25.0% APRnext payment −$2.28 per $10,000 · paid last 24h −0.071%
Price spread now: MEXC against KuCoin−0.023%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$1941.941% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.023%, 7d avg +0.007%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.030% cheaper against KuCoin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.007%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.28 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MINAUSDTM | 0.1294 | −0.0089 | get 0.0089% / 8h | 6h 58m | $775K | $504K | 30x |
| Short | MEXC MINA_USDT | 0.1294 | −0.0317 | pay 0.0317% / 8h | 6h 58m | $1.2M | $1.4M | 50x |
KuCoin MINAUSDTM
MEXC MINA_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$47.88
- Price spread: −0.023% → +0.007%
- −$3.01
- Slippage, 4 orders
- −$178.09
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$244.98
- Costs to cover
- 1.941%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 56 min ago; MEXC: live order book, 3 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, 56 min ago | 16.38 bp | 86.4 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.16 bp | 7.6 bp −$8 | 50.3 bp −$503 | 71.9 bp −$7,187 | doesn't fit |
MINA on 12 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_MINAUSD | −0.4965% | 1h | 0.1293 | −0.052% | $24K | $81K | 10x | as long as short |
| Bybit MINAUSDT | −0.1030% | 4h | 0.1296 | +0.147% | $4.5M | $6.5M | 25x | as long as short |
| BloFin MINA-USDT | −0.0341% | 8h | 0.1297 | +0.247% | $255K | $292K | 50x | as long as short |
| MEXC MINA_USDTshort | −0.0317% | 8h | 0.1294 | −0.023% | $1.2M | $1.4M | 50x | |
| Binance MINAUSDT | −0.0315% | 8h | 0.1294 | +0.008% | $4.4M | $33.3M | 50x | as long as short |
| Bitget MINAUSDT | −0.0240% | 8h | 0.1294 | −0.039% | $1.8M | $3.8M | 50x | as long as short |
| Gate MINA_USDT | −0.0224% | 8h | 0.1294 | −0.031% | $416K | $934K | 50x | as long as short |
| KuCoin MINAUSDTMlong | −0.0089% | 8h | 0.1294 | long leg | $775K | $504K | 30x | |
| BingX MINA-USDT | −0.0060% | 8h | 0.1295 | +0.054% | — | $2.7M | — | as long as short |
| OKX MINA-USDT-SWAP | +0.0070% | 4h | 0.1294 | −0.039% | $1.9M | $17.3M | 20x | as long as short |
Kraken Futures PF_MINAUSD
Bybit MINAUSDT
BloFin MINA-USDT
Binance MINAUSDT
Bitget MINAUSDT
Gate MINA_USDT
BingX MINA-USDT
OKX MINA-USDT-SWAPShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1294 | −0.023% | $3.7M | $2.2M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1292 | −0.130% | $416K | $143K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA