Funding you earn now, next payment 08:00 UTC−0.0125%/8h= −13.7% APRnext payment −$1.25 per $10,000 · paid last 24h −0.010%
Price spread now: KuCoin against MEXC−0.022%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$160.160% of the position
Funding, last 7 days−0.045%−$5 on $10k
+Price spread, last 7 days+0.022%+$2 · spread now −0.022%, 7d avg −0.001%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and KuCoin is 0.020% cheaper against MEXC than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC BTC_USDT | 85,387.6 | 0.0096 | pay 0.0096% / 8h | 50m 06s | $5.04B | $5.71B | 500x |
| Short | KuCoin XBTUSDTM | 85,369.2 | −0.0029 | pay 0.0029% / 8h | 50m 06s | $928.6M | $773.3M | 125x |
MEXC BTC_USDT
KuCoin XBTUSDTMFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$26.25
- Price spread: −0.022% → −0.001%
- −$2.04
- Slippage, 4 orders
- −$0.02
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$44.32
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 4 min ago; KuCoin: live order book, 9 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, 4 min ago | 0.01 bp | 2.0 bp −$2 | 2.0 bp −$20 | 2.2 bp −$219 | 2.8 bp −$1,396 |
| Sell KuCoin live order book, 9 min ago | 0.01 bp | 6.0 bp −$6 | 6.2 bp −$62 | 7.6 bp −$764 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,356 | −0.037% | $8K | $3K | 50x | as long as short |
| Phoenix BTC | −0.0034% | 1h | 85,369 | −0.022% | $2.3M | $10.8M | 40x | as long as short |
| KuCoin XBTUSDTMshort | −0.0029% | 8h | 85,369.2 | −0.022% | $928.6M | $773.3M | 125x | |
| BloFin BTC-USDT | −0.0023% | 8h | 85,350.1 | −0.044% | $421.8M | $682.2M | 150x | as long as short |
| ApeX Omni BTCUSDT | −0.0021% | 1h | 85,310.3 | −0.091% | $139.5M | $313.0M | 100x | as long as short |
| Aster BTCUSDT | −0.0005% | 8h | 85,381.7 | −0.007% | $512.2M | $1.08B | 200x | as long as short |
| 01 Exchange BTCUSD | 0.0000% | 1h | 85,353.8 | −0.040% | $351K | $2.3M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,376.9 | −0.013% | $489K | $18.3M | 6.7x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,388.7 | +0.001% | $16.7M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,361.6 | −0.030% | $36.5M | — | 200x | as long as short |
Hotstuff BTC-PERP
Phoenix BTC
BloFin BTC-USDT
ApeX Omni BTCUSDT
Aster BTCUSDT
01 Exchange BTCUSD
Perpl BTC
dYdX BTC-USD
gTrade (Gains Network) BTC/USDShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XBTUSD | +0.0026% | 1h | 85,406.8 | +0.022% | $185.8M | $951.5M | 100x | as long as short |
| Injective BTC/USDC PERP | +0.0067% | 1h | 85,367 | −0.024% | $338K | $24.6M | 52x | as long as short |
| BingX BTC-USDT | +0.0069% | 8h | 85,386.6 | −0.001% | — | $1.57B | — | as long as short |
| Nado BTC-PERP | +0.0082% | 1h | 85,347.2 | −0.047% | $24.1M | $219.7M | 50x | as long as short |
| Bybit BTCUSDT | +0.0085% | 8h | 85,382.7 | −0.006% | $5.14B | $9.98B | 150x | as long as short |
| Bitget BTCUSDT | +0.0091% | 8h | 85,388.6 | +0.001% | $2.97B | $5.17B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,400.1 | +0.015% | $169.4M | $1.01B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,397.5 | +0.012% | $23.6M | $147.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,350 | −0.044% | $8.4M | $57.3M | 100x | as long as short |
| MEXC BTC_USDTlong | +0.0096% | 8h | 85,387.6 | long leg | $5.04B | $5.71B | 500x | |
| Aevo BTC-PERP | +0.0096% | 1h | 85,374.5 | −0.015% | $2.4M | $6.7M | 20x | as long as short |
| Binance BTCUSDT | +0.0097% | 8h | 85,388.1 | +0.001% | $9.40B | $24.97B | 150x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,326 | −0.072% | $268K | $8.6M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,394 | +0.007% | $5.8M | $9.5M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,468 | +0.094% | $3.75B | $5.06B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,380.5 | −0.008% | $39.9M | $605.4M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,387.3 | 0.000% | $2.60B | $12.20B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,354 | −0.039% | $3.8M | $17.2M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,354.2 | −0.039% | $4.9M | $96.3M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,349 | −0.045% | $691.7M | $275.1M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,393.2 | +0.007% | $5.54B | $11.00B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,375.9 | −0.014% | $37.2M | $184.7M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,323.9 | −0.075% | $155.7M | $555.8M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,296.6 | −0.107% | $279.4M | $954.4M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,315.9 | −0.084% | $214.1M | $158.8M | 50x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,323.1 | −0.076% | $30.1M | $208.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,409.3 | +0.025% | — | $9.9M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,349 | −0.045% | $11.0M | $14.6M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 85,356.4 | −0.037% | $197K | $3.3M | 20x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,371.1 | −0.019% | $2.6M | $9.8M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,402.7 | +0.018% | $194K | $795K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,358.4 | −0.034% | $30.0M | $45.9M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,346.2 | −0.048% | $2.9M | $6.1M | 100x | as long as short |
| SoDEX BTC-USD | +0.0100% | 1h | 85,387 | −0.001% | $59.8M | $336.5M | 40x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,364.4 | −0.027% | $2.26B | $964.8M | 200x | as long as short |
| Phemex BTCUSDT | +0.0100% | 8h | 85,394.5 | +0.008% | $157.6M | $513.0M | 150x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,352.9 | −0.041% | $45.6M | $241.0M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,363.3 | −0.028% | — | $104.3M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0104% | 1h | 85,415.6 | +0.033% | $112.7M | $5.47B | 50x | as long as short |
| Deribit BTC-PERPETUAL | +0.0125% | 1h | 85,424.7 | +0.043% | $841.7M | $1.65B | 50x | as long as short |
| Reya BTCRUSDPERP | +0.0137% | 1h | 85,338.8 | −0.057% | $6.6M | $146.9M | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0169% | 8h | 85,379 | −0.010% | $11.9M | $738.1M | 6.4x | as long as short |
| RISEx BTC/USDC | +0.0174% | 1h | 85,375.7 | −0.014% | $8.7M | $42.7M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0175% / S −0.0147% | 1h | 85,360.2 | −0.032% | $13.0M | — | 200x | as long as short |
| Hibachi BTC/USDT-P | +0.0192% | 1h | 85,412.2 | +0.029% | $685K | $7.7M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0286% | 1h | 85,382.7 | −0.006% | $79K | $247K | 20x | as long as short |
Kraken Futures PF_XBTUSD
Injective BTC/USDC PERP
BingX BTC-USDT
Nado BTC-PERP
Bybit BTCUSDT
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Aevo BTC-PERP
Binance BTCUSDT
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
SoDEX BTC-USD
HTX BTC-USDT
Phemex BTCUSDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Deribit BTC-PERPETUAL
Reya BTCRUSDPERP
Kalshi KXBTCPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD