Funding arb · Price arb /

AXL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin+0.039%7-day average −0.096% · you sell dearer than you buy

Net, funding: paid 7d − costs−$711as in the Funding arb table

Net, price: spread back to 7d avg − costs−$725as in the Price arb table

costs, in and out, $10k−$7397.387% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.273%+$27 on $10k

Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.039%, 7d avg −0.096%

Together, before fees+0.113%+$11 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: MEXC is 0.134% dearer against KuCoin than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin AXLUSDTM	0.05193	0.0100	pay 0.0050% / 4h	36m 35s	$434K	$94K	30x
Short	MEXC AXL_USDT	0.05195	0.0100	get 0.0050% / 4h	36m 35s	$324K	$168K	50x

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

Position, each leg$Hold fordaysFee KuCoinbpFee MEXCbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → −0.096%: $13.43
Slippage, 4 orders: −$722.7
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$725.27
Costs to cover: 7.387%
Break-even: never at this rate

Slippage from KuCoin: live order book, 46 min ago; MEXC: live order book, 4 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 KuCoin live order book, 46 min ago	8.50 bp	455.8 bp −$456	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.92 bp	13.8 bp −$14	70.6 bp −$706	113.1 bp −$11.3K	doesn't fit

AXL on 9 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
BloFin AXL-USDT	+0.0070%	4h	0.05212	+0.366%	$121K	$10K	50x	as long as short
BingX AXL-USDT	+0.0070%	4h	0.05195	+0.039%	—	$2.3M	—	as long as short
Aster AXLUSDT	+0.0100%	4h	0.05191	−0.036%	$34K	$7K	5x	as long as short
Binance AXLUSDT	+0.0100%	4h	0.05198	+0.092%	$1.8M	$4.3M	50x	as long as short
Bybit AXLUSDT	+0.0100%	4h	0.05198	+0.096%	$1.5M	$2.0M	25x	as long as short
MEXC AXL_USDTshort	+0.0100%	4h	0.05195	+0.039%	$324K	$168K	50x
KuCoin AXLUSDTMlong	+0.0100%	4h	0.05193	long leg	$434K	$94K	30x
Bitget AXLUSDT	+0.0100%	4h	0.05199	+0.116%	$568K	$314K	50x	as long as short
Variational Omni AXL	+0.0100%	4h	0.05212	+0.357%	$6K	$23K	—	as long as short