BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0138%/8h= +15.1% APRnext payment +$1.38 per $10,000 · paid last 24h +0.010%

Price spread now: MEXC against KuCoin−0.010%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$160.160% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$5 on $10k

Price spread, last 7 days+0.008%+$1 · spread now −0.010%, 7d avg +0.001%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XBTUSDTM	85,548.6	−0.0044	get 0.0044% / 8h	3h 17m	$920.5M	$758.0M	125x
Short	MEXC BTC_USDT	85,540.1	0.0094	get 0.0094% / 8h	3h 17m	$5.07B	$5.67B	500x

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 −0.010%Rate

Funding earned: $28.98
Price spread: −0.010% → +0.001%: −$1.09
Slippage, 4 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: $11.87
Costs to cover: 0.160%
Break-even: 4.1 days

Slippage from KuCoin: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago	0.01 bp	6.0 bp −$6	6.5 bp −$65	8.0 bp −$797	doesn't fit
Sell MEXC live order book, 2 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.0 bp −$201	2.1 bp −$1,031

BTC on 56 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
Phoenix BTC	−0.0140%	1h	85,565	+0.019%	$2.1M	$10.4M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,583	+0.040%	$8K	$3K	50x	as long as short
KuCoin XBTUSDTMlong	−0.0044%	8h	85,548.6	long leg	$920.5M	$758.0M	125x
BloFin BTC-USDT	−0.0026%	8h	85,560.8	+0.014%	$420.0M	$676.4M	150x	as long as short
01 Exchange BTCUSD	−0.0008%	1h	85,584.3	+0.042%	$365K	$2.3M	50x	as long as short
Perpl BTC	0.0000%	43m	85,566.2	+0.021%	$504K	$18.7M	6.7x	as long as short
Nado BTC-PERP	+0.0001%	1h	85,579.6	+0.036%	$24.5M	$222.9M	50x	as long as short
Aster BTCUSDT	+0.0004%	8h	85,557.9	+0.011%	$515.2M	$1.10B	200x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,580.1	+0.037%	$36.6M	—	200x	as long as short
dYdX BTC-USD	+0.0032%	1h	85,584.5	+0.042%	$16.8M	$21.3M	50x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective BTC/USDC PERP	+0.0044%	1h	85,552	+0.004%	$340K	$26.9M	52x	as long as short
SoDEX BTC-USD	+0.0055%	1h	85,566	+0.020%	$60.0M	$336.0M	40x	as long as short
BingX BTC-USDT	+0.0063%	8h	85,562.5	+0.016%	—	$1.55B	—	as long as short
Phemex BTCUSDT	+0.0067%	8h	85,571.4	+0.027%	$149.0M	$496.6M	150x	as long as short
Bitget BTCUSDT	+0.0079%	8h	85,564.7	+0.019%	$2.95B	$5.12B	150x	as long as short
Deribit BTC-PERPETUAL	+0.0083%	1h	85,614.1	+0.077%	$872.0M	$1.60B	50x	as long as short
MEXC BTC_USDTshort	+0.0094%	8h	85,540.1	−0.010%	$5.07B	$5.67B	500x
Binance BTCUSDT	+0.0094%	8h	85,549.2	+0.001%	$9.45B	$24.45B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,580.2	+0.037%	$172.2M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,576.4	+0.032%	$24.0M	$148.9M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,566	+0.020%	$8.4M	$55.1M	100x	as long as short
Aevo BTC-PERP	+0.0096%	1h	85,554.5	+0.007%	$2.8M	$2.7M	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,562	+0.016%	$229K	$8.4M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,625	+0.089%	$5.7M	$9.4M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,647	+0.115%	$3.79B	$5.02B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,607.8	+0.069%	$40.4M	$591.8M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,539.6	−0.011%	$5.18B	$9.87B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,539	−0.011%	$2.59B	$12.14B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,576	+0.032%	$3.8M	$17.8M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,572.6	+0.028%	$4.7M	$99.4M	40x	as long as short
Gate BTC_USDT	+0.0100%	8h	85,568.5	+0.023%	$5.54B	$10.84B	200x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,551.6	+0.004%	$36.1M	$178.8M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,535	−0.016%	$154.3M	$565.4M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,494.4	−0.063%	$279.2M	$930.5M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,547.9	−0.001%	$215.0M	$168.8M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	85,536.9	−0.014%	$139.8M	$316.1M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	85,527.5	−0.025%	$30.2M	$206.8M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,621.5	+0.085%	—	$11.0M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,566	+0.020%	$11.1M	$14.3M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,565	+0.019%	$202K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,562.8	+0.017%	$2.5M	$8.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,615.5	+0.078%	$207K	$737K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,553.6	+0.006%	$30.0M	$50.1M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,541.9	−0.008%	$2.9M	$6.1M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	85,553	+0.005%	$2.27B	$949.9M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,447	−0.119%	$679.5M	$701.9M	40x	as long as short
Reya BTCRUSDPERP	+0.0103%	1h	85,557.5	+0.010%	$6.6M	$147.1M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,540.7	−0.009%	$45.7M	$235.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	85,584.7	+0.042%	—	$106.4M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0104%	1h	85,613	+0.075%	$117.2M	$5.26B	50x	as long as short
Kraken Futures PF_XBTUSD	+0.0135%	1h	85,590.4	+0.049%	$188.0M	$957.1M	100x	as long as short
RISEx BTC/USDC	+0.0174%	1h	85,609	+0.071%	$8.7M	$42.9M	25x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0176% / S −0.0151%	1h	85,577.9	+0.034%	$13.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0176%	8h	85,604	+0.065%	$11.5M	$753.8M	6.4x	as long as short
Hibachi BTC/USDT-P	+0.0240%	1h	85,580	+0.037%	$701K	$7.9M	30x	as long as short
Aftermath Perps BTCUSD	+0.0249%	1h	85,543.5	−0.006%	$78K	$222K	20x	as long as short