Settings8H · net · $10k
Funding arb · Price arb /

ON

all ON markets
SwapBacktest
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+0.052%7-day average +0.317% · you sell dearer than you buy
Net, funding: paid 7d − costs−$803as in the Funding arb table
Net, price: spread back to 7d avg − costs−$847as in the Price arb table
costs, in and out, $10k−$8218.209% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.178%+$18 on $10k
Price spread, last 7 days+0.314%+$31 · spread now +0.052%, 7d avg +0.317%
Together, before fees+0.492%+$49 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 0.266% cheaper against KuCoin than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.317%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ONUSDTM0.13550.0100pay 0.0050% / 4h3h 43m$747K$49K50x
ShortMEXC ON_USDT0.13560.0100get 0.0050% / 4h3h 43m$1.1M$393K50x

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

Funding earned
$0
Price spread: +0.052% → +0.317%
−$26.58
Slippage, 4 orders
−$800.88
Fee KuCoin: 6 bp × 2 orders
−$12
Fee MEXC: 4 bp × 2 orders
−$8
Net
−$847.46
Costs to cover
8.209%
Break-even
never at this rate
Slippage from KuCoin: live order book, 36 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 36 min ago13.26 bp370.2 bp −$370doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 3 min ago3.69 bp23.2 bp −$2394.7 bp −$947339.5 bp −$33.9K709.9 bp −$355.0K

ON on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ONUSDT+0.0100%4h0.1358+0.167%$5.9M$3.7M50xas long as short
Gate ON_USDT+0.0100%4h0.1354−0.089%$302K$23K5xas long as short
MEXC ON_USDTshort+0.0100%4h0.1356+0.052%$1.1M$393K50x
KuCoin ONUSDTMlong+0.0100%4h0.1355long leg$747K$49K50x
Variational Omni ON+0.0100%4h0.1355−0.003%$24K$6Kas long as short
edgeX ONUSDC+0.0113%4h0.1356+0.071%$7K$132K10xas long as short
BingX ON-USDT+0.0186%4h0.1357+0.125%$6.6Mas long as short
Aster ONUSDT+0.0890%4h0.1355+0.002%$442K$30K5xas long as short