Funding arb · Price arb /

ATH

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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−0.018%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$283as in the Funding arb table

Net, price: spread back to 7d avg − costs−$278as in the Price arb table

costs, in and out, $10k−$2822.815% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now −0.018%, 7d avg −0.054%

Together, before fees+0.039%+$4 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: KuCoin is 0.035% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ATH_USDT	0.005470	0.0100	pay 0.0050% / 4h	2h 46m	$8.9M	$644K	50x
Short	KuCoin ATHUSDTM	0.005469	0.0100	get 0.0050% / 4h	2h 46m	$549K	$79K	30x

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 −0.018%Rate

Funding earned: $0
Price spread: −0.018% → −0.054%: $3.53
Slippage, 4 orders: −$261.53
Fee MEXC: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$278
Costs to cover: 2.815%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; KuCoin: live order book, 12 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, 1 min ago	2.74 bp	16.3 bp −$16	78.0 bp −$780	185.8 bp −$18.6K	doesn't fit
Sell KuCoin live order book, 12 min ago	9.15 bp	92.9 bp −$93	doesn't fit	doesn't fit	doesn't fit

ATH on 13 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_ATHUSD	−0.1938%	1h	0.005467	−0.063%	$19K	$106K	10x	as long as short
Variational Omni ATH	−0.0139%	4h	0.005479	+0.165%	$184K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005483	+0.239%	$11K	$59	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005470	−0.008%	$5K	$40K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005470	−0.008%	$3.3M	$4.3M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005457	−0.238%	$4.3M	$2.6M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005461	−0.165%	$704K	$1.3M	20x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005459	−0.201%	$781K	$597K	30x	as long as short
MEXC ATH_USDTlong	+0.0100%	4h	0.005470	long leg	$8.9M	$644K	50x
KuCoin ATHUSDTMshort	+0.0100%	4h	0.005469	−0.018%	$549K	$79K	30x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005471	+0.018%	$1.5M	$918K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005463	−0.128%	—	$21.4M	—	as long as short
BloFin ATH-USDT	+0.0112%	4h	0.005491	+0.384%	$164K	$68K	75x	as long as short