Funding arb · Price arb /

INIT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC−0.147%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$730as in the Funding arb table

Net, price: spread back to 7d avg − costs−$740as in the Price arb table

costs, in and out, $10k−$7307.297% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.096%+$10 · spread now −0.147%, 7d avg −0.040%

Together, before fees+0.096%+$10 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 0.107% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC INIT_USDT	0.08154	0.0100	pay 0.0050% / 4h	4m 58s	$443K	$217K	20x
Short	KuCoin INITUSDTM	0.08142	0.0100	get 0.0050% / 4h	4m 58s	$324K	$56K	25x

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 −0.147%Rate

Funding earned: $0
Price spread: −0.147% → −0.040%: −$10.71
Slippage, 4 orders: −$713.66
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$740.38
Costs to cover: 7.297%
Break-even: never at this rate

Slippage from MEXC: live order book, 22 min ago; KuCoin: live order book, 20 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, 22 min ago	1.23 bp	5.0 bp −$5	37.0 bp −$370	208.6 bp −$20.9K	doesn't fit
Sell KuCoin live order book, 20 min ago	16.58 bp	493.2 bp −$493	doesn't fit	doesn't fit	doesn't fit

INIT on 13 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
Hyperliquid INIT	+0.0100%	1h	0.08145	−0.115%	$295K	$239K	3x	as long as short
Aster INITUSDT	+0.0100%	4h	0.08141	−0.155%	$27K	$36K	5x	as long as short
Binance INITUSDT	+0.0100%	4h	0.08151	−0.041%	$3.4M	$3.6M	25x	as long as short
Bybit INITUSDT	+0.0100%	4h	0.08131	−0.282%	$1.4M	$1.4M	25x	as long as short
OKX INIT-USDT-SWAP	+0.0100%	4h	0.08156	+0.025%	$132K	$635K	10x	as long as short
Gate INIT_USDT	+0.0100%	8h	0.08138	−0.196%	$83K	$56K	25x	as long as short
MEXC INIT_USDTlong	+0.0100%	4h	0.08154	long leg	$443K	$217K	20x
KuCoin INITUSDTMshort	+0.0100%	4h	0.08142	−0.147%	$324K	$56K	25x
Bitget INITUSDT	+0.0100%	4h	0.08150	−0.049%	$426K	$312K	25x	as long as short
BingX INIT-USDT	+0.0100%	4h	0.08144	−0.123%	—	$6.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni INIT	+0.0100%	4h	0.08127	−0.332%	$26K	$23K	—	as long as short
BloFin INIT-USDT	+0.0108%	4h	0.08148	−0.074%	$157K	$109K	25x	as long as short
Kraken Futures PF_INITUSD	+0.0396%	1h	0.08152	−0.026%	$6K	$18K	10x	as long as short