Funding arb · Price arb /

NOT

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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 +0.018%

Price spread now: MEXC against KuCoin+0.080%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$224as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2292.293% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.080%, 7d avg +0.059%

Together, before fees+0.016%+$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 0.021% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin NOTUSDTM	0.0005027	0.0100	pay 0.0050% / 4h	9m 35s	$488K	$133K	50x
Short	MEXC NOT_USDT	0.0005031	0.0100	get 0.0050% / 4h	9m 35s	$1.3M	$467K	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 +0.080%Rate

Funding earned: $0
Price spread: +0.080% → +0.059%: $2.06
Slippage, 4 orders: −$213.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$227.2
Costs to cover: 2.293%
Break-even: never at this rate

Slippage from KuCoin: live order book, 24 min ago; MEXC: live order book, 2 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, 24 min ago	10.94 bp	101.1 bp −$101	640.3 bp −$6,403	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.99 bp	13.9 bp −$14	59.2 bp −$592	94.0 bp −$9,403	110.4 bp −$55.2K

NOT on 16 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 NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.044%	$1K	$13K	5.5x	as long as short
Variational Omni NOT	+0.0074%	4h	0.0005020	−0.132%	$71K	$38K	—	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005042	+0.300%	$11K	$6K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005030	+0.060%	$339K	$64K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005033	+0.113%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005032	+0.099%	$2.1M	$2.9M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005027	0.000%	$2.1M	$822K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005032	+0.099%	$644K	$656K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005020	−0.139%	$139K	$55K	50x	as long as short
MEXC NOT_USDTshort	+0.0100%	4h	0.0005031	+0.080%	$1.3M	$467K	200x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTMlong	+0.0100%	4h	0.0005027	long leg	$488K	$133K	50x
Bitget NOTUSDT	+0.0100%	4h	0.0005037	+0.199%	$675K	$471K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005034	+0.139%	—	$733K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005031	+0.072%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0122%	4h	0.0005027	0.000%	$109K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.0443%	1h	0.0005054	+0.532%	$49K	$5K	10x	as long as short