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

US

all US markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0468%/8h= +51.2% APRnext payment +$2.34 per $10,000 · paid last 24h +0.111%
Price spread now: MEXC against KuCoin+0.904%7-day average +0.121% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,209as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,168as in the Price arb table
costs, in and out, $10k−$1,24712.467% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.373%+$37 on $10k
Price spread, last 7 days−0.757%−$76 · spread now +0.904%, 7d avg +0.121%
Together, before fees−0.384%−$38 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and MEXC is 0.782% dearer against KuCoin than usual: you sell high and buy low: +$78 more if the spread goes back to its 7-day average of +0.121%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin USUSDTM0.016270.0100pay 0.0050% / 4h2h 25m$4.0M$385K20x
ShortMEXC US_USDT0.016410.0568get 0.0284% / 4h2h 25m$5.5M$114K100x

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
$98.28
Price spread: +0.904% → +0.121%
$78.24
Slippage, 4 orders
−$1,230.72
Fee KuCoin: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$1,070.21
Costs to cover
12.467%
Break-even
83.2 days
Slippage from KuCoin: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 2 min ago33.42 bp550.4 bp −$550doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 2 min ago2.44 bp31.5 bp −$3176.8 bp −$768504.0 bp −$50.4Kdoesn't fit

US on 11 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
Bybit USUSDT+0.0100%4h0.01642+0.934%$3.2M$933K20xas long as short
Gate US_USDT+0.0100%4h0.01639+0.719%$2.1M$601K20xas long as short
KuCoin USUSDTMlong+0.0100%4h0.01627long leg$4.0M$385K20x
Variational Omni US+0.0100%4h0.01643+0.979%$16K$3Kas long as short
Bitget USUSDT+0.0366%4h0.01643+1.014%$4.3M$262K10xas long as short
Aster USUSDT+0.0416%4h0.01640+0.788%$12K$54K5xas long as short
BingX US-USDT+0.0492%4h0.01641+0.873%$1.3Mas long as short
Extended US-USD+0.0568%1h0.01639+0.779%$1K$169K5xas long as short
MEXC US_USDTshort+0.0568%4h0.01641+0.904%$5.5M$114K100x
Binance USUSDT+0.0571%4h0.01641+0.891%$9.1M$3.2M10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin US-USDT+0.0607%4h0.01638+0.713%$481K$49K10xas long as short