Funding arb · Price arb /

CP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC+0.356%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$490as in the Funding arb table

Net, price: spread back to 7d avg − costs−$449as in the Price arb table

costs, in and out, $10k−$4744.743% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.155%−$16 on $10k

Price spread, last 7 days−0.395%−$39 · spread now +0.356%, 7d avg +0.103%

Together, before fees−0.550%−$55 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 0.252% dearer against MEXC than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC CP_USDT	0.01406	0.0100	pay 0.0050% / 4h	1h 43m	$1.5M	$392K	20x
Short	KuCoin CPUSDTM	0.01411	0.0100	get 0.0050% / 4h	1h 43m	$204K	$906K	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 +0.356%Rate

Funding earned: $0
Price spread: +0.356% → +0.103%: $25.22
Slippage, 4 orders: −$458.32
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$449.1
Costs to cover: 4.743%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; KuCoin: live order book, 55 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	3.56 bp	12.4 bp −$12	56.7 bp −$567	385.1 bp −$38.5K	doesn't fit
Sell KuCoin live order book, 55 min ago	10.46 bp	185.4 bp −$185	doesn't fit	doesn't fit	doesn't fit

CP on 8 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
BingX CP-USDT	+0.0070%	4h	0.01406	0.000%	—	$1.1M	—	as long as short
BloFin CP-USDT	+0.0092%	4h	0.01411	+0.356%	$188	$43K	20x	as long as short
OKX CP-USDT-SWAP	+0.0100%	4h	0.01406	0.000%	$4.0M	$11.9M	20x	as long as short
Gate CP_USDT	+0.0100%	4h	0.01407	+0.071%	$607K	$546K	20x	as long as short
MEXC CP_USDTlong	+0.0100%	4h	0.01406	long leg	$1.5M	$392K	20x
KuCoin CPUSDTMshort	+0.0100%	4h	0.01411	+0.356%	$204K	$906K	20x
Bitget CPUSDT	+0.0100%	4h	0.01407	+0.092%	$792K	$1.7M	20x	as long as short
Bybit CPUSDT	+0.1876%	4h	0.01409	+0.213%	$1.7M	$3.2M	20x	as long as short