Settings8H · net · $10k
Funding arb · Price arb /

IO

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SwapBacktest
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+0.066%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$201as in the Funding arb table
Net, price: spread back to 7d avg − costs−$213as in the Price arb table
costs, in and out, $10k−$2132.128% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.119%+$12 on $10k
Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.066%, 7d avg +0.064%
Together, before fees+0.035%+$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC IO_USDT0.15120.0100pay 0.0050% / 4h38m 51s$1.1M$228K125x
ShortKuCoin IOUSDTM0.15130.0100get 0.0050% / 4h38m 51s$384K$663K50x

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

Funding earned
$0
Price spread: +0.066% → +0.064%
$0.25
Slippage, 4 orders
−$196.8
Fee MEXC: 2 bp × 2 orders
−$4
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$212.55
Costs to cover
2.128%
Break-even
never at this rate
Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 25 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 2 min ago6.61 bp30.0 bp −$30184.7 bp −$1,847325.3 bp −$32.5Kdoesn't fit
Sell KuCoin live order book, 25 min ago6.60 bp71.3 bp −$71576.7 bp −$5,767doesn't fitdoesn't fit

IO on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective IO/USDC PERP−0.0159%1h0.1521+0.595%$2K$1035.5xas long as short
Hyperliquid IO+0.0100%1h0.1514+0.146%$1.0M$387K3xas long as short
Aster IOUSDT+0.0100%4h0.1515+0.195%$6K$32K5xas long as short
Binance IOUSDT+0.0100%4h0.1515+0.198%$3.0M$6.5M50xas long as short
Bybit IOUSDT+0.0100%4h0.1513+0.066%$1.1M$876K25xas long as short
Gate IO_USDT+0.0100%4h0.1516+0.265%$245K$548K50xas long as short
MEXC IO_USDTlong+0.0100%4h0.1512long leg$1.1M$228K125x
KuCoin IOUSDTMshort+0.0100%4h0.1513+0.066%$384K$663K50x
Bitget IOUSDT+0.0100%4h0.1515+0.198%$1.3M$1.2M50xas long as short
BingX IO-USDT+0.0100%4h0.1513+0.066%$1.3Mas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni IO+0.0100%4h0.1514+0.120%$30K$5Kas long as short
BloFin IO-USDT+0.0102%4h0.1517+0.331%$194K$31K50xas long as short
Extended IO-USD+0.0104%1h0.1515+0.179%$5K$171K5xas long as short
Kraken Futures PF_IOUSD+1.2587%1h0.1515+0.213%$39K$19K10xas long as short