Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against KuCoin+0.294%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,039as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,018as in the Price arb table

costs, in and out, $10k−$1,04310.425% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.294%, 7d avg +0.054%

Together, before fees−0.139%−$14 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 0.241% dearer against KuCoin than usual: you sell high and buy low, +$24 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	KuCoin BASEDUSDTM	0.06793	0.0100	pay 0.0050% / 4h	1h 15m	$570K	$105K	20x
Short	MEXC BASED_USDT	0.06813	0.0100	get 0.0050% / 4h	1h 15m	$4.8M	$647K	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 +0.294%Rate

Funding earned: $0
Price spread: +0.294% → +0.054%: $24.07
Slippage, 4 orders: −$1,026.52
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,018.45
Costs to cover: 10.425%
Break-even: never at this rate

Slippage from KuCoin: live order book, 57 min ago; MEXC: live order book, 1 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, 57 min ago	20.67 bp	494.8 bp −$495	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.20 bp	12.1 bp −$12	48.7 bp −$487	211.1 bp −$21.1K	707.0 bp −$353.5K

BASED on 15 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 BASED-USDT	+0.0058%	4h	0.06803	+0.147%	$251K	$38K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06813	+0.298%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06804	+0.162%	$2.1M	$578K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06808	+0.221%	$2.6M	$3.5M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06808	+0.221%	$541K	$530K	50x	as long as short
MEXC BASED_USDTshort	+0.0100%	4h	0.06813	+0.294%	$4.8M	$647K	50x
KuCoin BASEDUSDTMlong	+0.0100%	4h	0.06793	long leg	$570K	$105K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06813	+0.294%	$1.3M	$363K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06807	+0.206%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06794	+0.010%	$93K	$22K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06745	−0.713%	$97K	$354K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06810	+0.250%	$1K	$810K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06810	+0.244%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0178%	4h	0.06806	+0.185%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0356%	4h	0.06811	+0.265%	$3K	$652	10x	as long as short