Funding arb · Price arb /

STABLE

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Swap Backtest

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: MEXC against KuCoin−0.040%7-day average −0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,951as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,931as in the Price arb table

costs, in and out, $10k−$1,94119.406% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 4 days (all we have)−0.314%−$31 · spread now −0.040%, 7d avg −0.136%

Together, before fees−0.421%−$42 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: MEXC is 0.095% dearer against KuCoin than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.136%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STABLEUSDTM	0.02485	0.0100	pay 0.0050% / 4h	3h 32m	$175K	$27K	30x
Short	MEXC STABLE_USDT	0.02484	0.0100	get 0.0050% / 4h	3h 32m	$569K	$147K	20x

Funding 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 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → −0.136%: $9.53
Slippage, 4 orders: −$1,920.56
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$1,931.03
Costs to cover: 19.406%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; MEXC: live order book, 11 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, 7 min ago	18.11 bp	1277.2 bp −$1,277	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 11 min ago	4.04 bp	13.0 bp −$13	36.0 bp −$360	221.3 bp −$22.1K	829.5 bp −$414.8K

STABLE on 15 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
Aster STABLEUSDT	−0.0055%	4h	0.02483	−0.086%	$19K	$7K	20x	as long as short
BloFin STABLE-USDT	+0.0041%	4h	0.02482	−0.121%	$115K	$8K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02498	+0.507%	$115K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02485	−0.012%	$877K	$236K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02486	+0.039%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02487	+0.064%	$1.5M	$816K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02488	+0.121%	$205K	$421K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02484	−0.040%	$172K	$88K	50x	as long as short
MEXC STABLE_USDTshort	+0.0100%	4h	0.02484	−0.040%	$569K	$147K	20x
KuCoin STABLEUSDTMlong	+0.0100%	4h	0.02485	long leg	$175K	$27K	30x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02484	−0.040%	$291K	$122K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02484	−0.040%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02484	−0.039%	$146K	$51K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02487	+0.076%	$2K	$635K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02485	−0.012%	$12K	$175K	10x	as long as short