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+0.0144%/8h= +15.8% APRnext payment +$0.72 per $10,000 · paid last 24h +0.016%
Price spread now: KuCoin against MEXC−0.197%7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$299as in the Funding arb table
Net, price: spread back to 7d avg − costs−$351as in the Price arb table
costs, in and out, $10k−$3363.362% 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+0.149%+$15 · spread now −0.197%, 7d avg −0.046%
Together, before fees+0.521%+$52 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.150% cheaper against MEXC than usual: you would sell low and buy high (spread −0.197% now, against its 7-day average of −0.046%). If the spread goes back, that is −$15 on $10k: about 3.5 days of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC 4_USDT0.020330.0472pay 0.0236% / 4h1h 14m$1.7M$954K100x
ShortKuCoin 4USDTM0.020290.0616get 0.0308% / 4h1h 14m$893K$12.8M20x

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

Funding earned
$30.24
Price spread: −0.197% → −0.046%
−$15.03
Slippage, 4 orders
−$320.21
Fee MEXC: 2 bp × 2 orders
−$4
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$321
Costs to cover
3.362%
Break-even
81.3 days
Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 4 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 MEXC live order book, 2 min ago2.46 bp14.9 bp −$15112.0 bp −$1,120285.6 bp −$28.6Kdoesn't fit
Sell KuCoin live order book, 4 min ago4.91 bp31.3 bp −$31doesn't fitdoesn't fitdoesn'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%4h0.02032−0.054%$46K$9Kas long as short
SunX 4-USDT+0.0100%4h0.02026−0.344%$2K$1.4M20xas long as short
Bybit 4USDT+0.0101%4h0.02030−0.133%$2.7M$2.0M5xas long as short
Aster 4USDT+0.0267%4h0.02030−0.166%$240K$114K5xas long as short
BingX 4-USDT+0.0456%4h0.02039+0.290%$1.4Mas long as short
MEXC 4_USDTlong+0.0472%4h0.02033long leg$1.7M$954K100x
Binance 4USDT+0.0473%4h0.02034+0.027%$8.0M$13.9M20xas long as short
KuCoin 4USDTMshort+0.0616%4h0.02029−0.197%$893K$12.8M20x
Gate 4_USDT+0.0622%4h0.02034+0.064%$559K$327K20xas long as short