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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0318%/8h= −34.8% APRnext payment $1.59 per $10,000 · paid last 24h −0.016%
Price spread now: MEXC against KuCoin+0.198%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs−$437as in the Funding arb table
Net, price: spread back to 7d avg − costs−$385as in the Price arb table
costs, in and out, $10k−$4003.998% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.372%−$37 on $10k
Price spread, last 7 days−0.173%−$17 · spread now +0.198%, 7d avg +0.046%
Together, before fees−0.546%−$55 on $10k · with fees, hour by hour
The price spread pays, funding is against you. MEXC is 0.151% dearer against KuCoin than usual: you sell high and buy low (spread +0.198% now, against its 7-day average of +0.046%): +$15 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 38 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin 4USDTM0.020240.0756pay 0.0378% / 4h2h 04m$889K$12.7M20x
ShortMEXC 4_USDT0.020280.0438get 0.0219% / 4h2h 04m$1.6M$942K100x

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
−$66.78
Price spread: +0.198% → +0.046%
$15.14
Slippage, 4 orders
−$383.76
Fee KuCoin: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$451.4
Costs to cover
3.998%
Break-even
never at this rate
Slippage from KuCoin: live order book, 4 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, 4 min ago4.96 bp316.6 bp −$317doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 2 min ago4.94 bp18.7 bp −$19110.2 bp −$1,102274.2 bp −$27.4Kdoesn't fit

4 on 9 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
Variational Omni 4+0.0100%4h0.02019−0.242%$46K$8Kas long as short
SunX 4-USDT+0.0100%4h0.02022−0.099%$2K$1.4M20xas long as short
Aster 4USDT+0.0305%4h0.02027+0.166%$240K$113K5xas long as short
MEXC 4_USDTshort+0.0438%4h0.02028+0.198%$1.6M$942K100x
Binance 4USDT+0.0449%4h0.02026+0.109%$7.9M$13.6M20xas long as short
Bybit 4USDT+0.0465%4h0.02025+0.030%$2.6M$2.0M5xas long as short
BingX 4-USDT+0.0546%4h0.02029+0.252%$1.4Mas long as short
Gate 4_USDT+0.0548%4h0.02028+0.217%$542K$310K20xas long as short
KuCoin 4USDTMlong+0.0756%4h0.02024long leg$889K$12.7M20x