Funding you earn now, next payment 08:00 UTC−0.0203%/8h= −22.2% APRnext payment −$2.03 per $10,000 · paid last 24h −0.071%
Price spread now: MEXC against KuCoin+0.157%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1921.918% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.173%−$17 · spread now +0.157%, 7d avg +0.007%
=The price spread pays, funding is against you. MEXC is 0.150% dearer against KuCoin than usual: you sell high and buy low (spread +0.157% now, against its 7-day average of +0.007%): +$15 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 7 days (−0.014% in total) that is about 2 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.014% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin MINAUSDTM | 0.1275 | −0.0087 | get 0.0087% / 8h | 6h 38m | $739K | $515K | 30x |
| Short | MEXC MINA_USDT | 0.1277 | −0.0290 | pay 0.0290% / 8h | 6h 38m | $1.2M | $1.4M | 50x |
KuCoin MINAUSDTM
MEXC MINA_USDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$42.63
- Price spread: +0.157% → +0.007%
- $15.01
- Slippage, 4 orders
- −$175.79
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$219.4
- Costs to cover
- 1.918%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 75 min ago; MEXC: live order book, 3 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, 75 min ago | 16.38 bp | 86.4 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 1.18 bp | 5.0 bp −$5 | 62.6 bp −$626 | 111.0 bp −$11.1K | doesn't fit |
MINA on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_MINAUSD | −0.5055% | 1h | 0.1271 | −0.311% | $23K | $80K | 10x | as long as short |
| Bybit MINAUSDT | −0.0837% | 4h | 0.1277 | +0.204% | $4.4M | $6.6M | 25x | as long as short |
| BloFin MINA-USDT | −0.0316% | 8h | 0.1288 | +1.051% | $252K | $290K | 50x | as long as short |
| Gate MINA_USDT | −0.0307% | 8h | 0.1277 | +0.165% | $405K | $944K | 50x | as long as short |
| Binance MINAUSDT | −0.0290% | 8h | 0.1277 | +0.170% | $4.3M | $33.5M | 50x | as long as short |
| MEXC MINA_USDTshort | −0.0290% | 8h | 0.1277 | +0.157% | $1.2M | $1.4M | 50x | |
| Bitget MINAUSDT | −0.0227% | 8h | 0.1276 | +0.118% | $1.8M | $3.8M | 50x | as long as short |
| KuCoin MINAUSDTMlong | −0.0087% | 8h | 0.1275 | long leg | $739K | $515K | 30x | |
| OKX MINA-USDT-SWAP | −0.0059% | 4h | 0.1275 | +0.078% | $1.9M | $17.0M | 20x | as long as short |
| BingX MINA-USDT | −0.0027% | 8h | 0.1276 | +0.094% | — | $2.7M | — | as long as short |
Kraken Futures PF_MINAUSD
Bybit MINAUSDT
BloFin MINA-USDT
Gate MINA_USDT
Binance MINAUSDT
Bitget MINAUSDT
OKX MINA-USDT-SWAP
BingX MINA-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid MINA | +0.0100% | 1h | 0.1275 | +0.078% | $3.6M | $2.3M | 3x | as long as short |
| Variational Omni MINA | +0.0100% | 4h | 0.1277 | +0.196% | $412K | $143K | — | as long as short |
Hyperliquid MINA
Variational Omni MINA