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: KuCoin against MEXC+0.015%7-day average −0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$911as in the Funding arb table

Net, price: spread back to 7d avg − costs−$900as in the Price arb table

costs, in and out, $10k−$9089.075% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.015%, 7d avg −0.056%

Together, before fees−0.162%−$16 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 0.070% dearer against MEXC than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BASED_USDT	0.06804	0.0100	pay 0.0050% / 4h	24m 04s	$4.8M	$645K	50x
Short	KuCoin BASEDUSDTM	0.06805	0.0100	get 0.0050% / 4h	24m 04s	$570K	$77K	20x

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 +0.015%Rate

Funding earned: $0
Price spread: +0.015% → −0.056%: $7.02
Slippage, 4 orders: −$891.52
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$900.49
Costs to cover: 9.075%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; KuCoin: live order book, 39 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, 3 min ago	0.73 bp	10.8 bp −$11	40.6 bp −$406	169.7 bp −$17.0K	673.3 bp −$336.6K
Sell KuCoin live order book, 39 min ago	30.06 bp	444.9 bp −$445	965.6 bp −$9,656	doesn't fit	doesn't fit

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	+0.0099%	4h	0.06804	0.000%	$211K	$41K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06806	+0.029%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06798	−0.088%	$2.1M	$584K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06801	−0.044%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06802	−0.029%	$541K	$537K	50x	as long as short
MEXC BASED_USDTlong	+0.0100%	4h	0.06804	long leg	$4.8M	$645K	50x
KuCoin BASEDUSDTMshort	+0.0100%	4h	0.06805	+0.015%	$570K	$77K	20x
Bitget BASEDUSDT	+0.0100%	4h	0.06813	+0.132%	$1.3M	$369K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06802	−0.029%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06803	−0.019%	$93K	$21K	—	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	0.06811	+0.106%	$99K	$374K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06796	−0.118%	$1K	$821K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06805	+0.018%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0273%	4h	0.06803	−0.008%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0330%	4h	0.06806	+0.029%	$3K	$652	10x	as long as short