Funding arb · Price arb /

VIRTUAL

all VIRTUAL markets

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+0.056%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$530.527% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.056%, 7d avg +0.041%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC VIRTUAL_USDT	0.7109	0.0100	pay 0.0050% / 4h	25m 27s	$15.6M	$5.3M	100x
Short	KuCoin VIRTUALUSDTM	0.7113	0.0100	get 0.0050% / 4h	25m 27s	$3.0M	$4.5M	50x

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 +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.041%: $1.56
Slippage, 4 orders: −$40.69
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$51.13
Costs to cover: 0.527%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; KuCoin: 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 MEXC live order book, 3 min ago	1.40 bp	4.5 bp −$5	8.3 bp −$83	75.6 bp −$7,559	255.5 bp −$127.8K
Sell KuCoin live order book, 2 min ago	2.10 bp	16.7 bp −$17	47.3 bp −$473	doesn't fit	doesn't fit

VIRTUAL on 33 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_VIRTUALUSD	−0.0338%	1h	0.7115	+0.091%	$517K	$740K	50x	as long as short
Deribit VIRTUAL_USDC-PERPETUAL	−0.0312%	1h	0.7110	+0.014%	$15K	$40K	10x	as long as short
Reya VIRTUALRUSDPERP	−0.0139%	1h	0.7109	+0.006%	$24	—	10x	as long as short
Variational Omni VIRTUAL	−0.0115%	4h	0.7103	−0.089%	$533K	$837K	—	as long as short
01 Exchange VIRTUALUSD	−0.0096%	1h	0.7108	−0.014%	$2K	$106	10x	as long as short
Lighter VIRTUAL	−0.0080%	1h	0.7106	−0.038%	$321K	$403K	5x	as long as short
Phoenix VIRTUAL	−0.0067%	1h	0.7119	+0.139%	$11K	$36K	5x	as long as short
gTrade (Gains Network) VIRTUAL/USD	L +0.0007% / S −0.0005%	1h	0.7112	+0.043%	$14K	—	150x	as long as short
Bybit VIRTUALUSDT	+0.0019%	4h	0.7108	−0.014%	$16.2M	$18.9M	50x	as long as short
Injective VIRTUAL/USDC PERP	+0.0033%	1h	0.7117	+0.113%	$46	$88K	5.5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_VIRTUAL_USDC	+0.0073%	4h	0.7110	+0.014%	$16K	$1.7M	10x	as long as short
Aster VIRTUALUSDT	+0.0100%	4h	0.7112	+0.048%	$92K	$303K	20x	as long as short
Pacifica VIRTUAL	+0.0100%	1h	0.7114	+0.064%	$70K	$43K	5x	as long as short
Binance VIRTUALUSDT	+0.0100%	4h	0.7109	+0.002%	$16.0M	$42.2M	75x	as long as short
OKX VIRTUAL-USDT-SWAP	+0.0100%	4h	0.7115	+0.084%	$2.9M	$10.0M	20x	as long as short
Gate VIRTUAL_USDT	+0.0100%	4h	0.7112	+0.042%	$1.5M	$3.4M	75x	as long as short
MEXC VIRTUAL_USDTlong	+0.0100%	4h	0.7109	long leg	$15.6M	$5.3M	100x
KuCoin VIRTUALUSDTMshort	+0.0100%	4h	0.7113	+0.056%	$3.0M	$4.5M	50x
Bitget VIRTUALUSDT	+0.0100%	4h	0.7114	+0.070%	$6.0M	$5.8M	25x	as long as short
BingX VIRTUAL-USDT	+0.0100%	4h	0.7110	+0.014%	—	$7.9M	—	as long as short
Backpack VIRTUAL_USDC_PERP	+0.0100%	1h	0.7111	+0.028%	$235K	$174K	10x	as long as short
edgeX VIRTUALUSDC	+0.0100%	4h	0.7128	+0.264%	$19K	$256K	10x	as long as short
GRVT VIRTUAL_USDT_Perp	+0.0100%	4h	0.7122	+0.189%	$632K	$1.1M	10x	as long as short
ApeX Omni VIRTUALUSDT	+0.0100%	1h	0.7121	+0.169%	$40K	$235K	50x	as long as short
Polymarket Perps VIRTUAL-USD	+0.0100%	1h	0.7109	+0.003%	$45K	$1.1M	5x	as long as short
SunX VIRTUAL-USDT	+0.0100%	4h	0.7109	0.000%	$2K	$1.4M	20x	as long as short
SoDEX VIRTUAL-USD	+0.0100%	1h	0.7110	+0.014%	$1K	$9K	5x	as long as short
Extended VIRTUAL-USD	+0.0104%	1h	0.7108	−0.013%	$53K	$309K	10x	as long as short
Aevo VIRTUAL-PERP	+0.0104%	1h	0.7111	+0.033%	$18K	—	3x	as long as short
Hyperliquid VIRTUAL	+0.0283%	1h	0.7123	+0.200%	$8.8M	$3.8M	5x	as long as short
GMX VIRTUAL/USD [WBTC.b-USDC]	L +0.0312% / S −0.0258%	1h	0.7113	+0.050%	$32K	—	100x	as long as short
BloFin VIRTUAL-USDT	+0.0340%	4h	0.7129	+0.281%	$787K	$1.0M	75x	as long as short
Coinbase International VIRTUAL-PERP-INTX	+0.0480%	1h	0.7170	+0.858%	$200K	$100K	50x	as long as short