Funding arb · Price arb /

STABLE

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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+0.369%7-day average +0.148% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,018as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,006as in the Price arb table

costs, in and out, $10k−$1,02810.284% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 4 days (all we have)−0.227%−$23 · spread now +0.369%, 7d avg +0.148%

Together, before fees−0.119%−$12 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 0.222% dearer against MEXC than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.148%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC STABLE_USDT	0.02437	0.0100	pay 0.0050% / 4h	1h 20m	$582K	$166K	20x
Short	KuCoin STABLEUSDTM	0.02446	0.0100	get 0.0050% / 4h	1h 20m	$179K	$28K	30x

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 +0.369%Rate

Funding earned: $0
Price spread: +0.369% → +0.148%: $22.18
Slippage, 4 orders: −$1,008.41
Fee MEXC: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$1,006.24
Costs to cover: 10.284%
Break-even: never at this rate

Slippage from MEXC: live order book, 15 min ago; KuCoin: live order book, 21 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, 15 min ago	2.05 bp	9.8 bp −$10	31.7 bp −$317	189.9 bp −$19.0K	597.5 bp −$298.7K
Sell KuCoin live order book, 21 min ago	14.33 bp	443.4 bp −$443	doesn't fit	doesn't fit	doesn't fit

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
Lighter STABLE	+0.0096%	1h	0.02452	+0.624%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02438	+0.045%	$856K	$182K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02439	+0.068%	$18K	$10K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02437	−0.019%	$2.5M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02440	+0.111%	$1.5M	$763K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02440	+0.123%	$211K	$426K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02439	+0.082%	$174K	$59K	50x	as long as short
MEXC STABLE_USDTlong	+0.0100%	4h	0.02437	long leg	$582K	$166K	20x
KuCoin STABLEUSDTMshort	+0.0100%	4h	0.02446	+0.369%	$179K	$28K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02440	+0.123%	$281K	$95K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02439	+0.082%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02440	+0.126%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02439	+0.074%	$2K	$927K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02436	−0.041%	$15K	$185K	10x	as long as short
BloFin STABLE-USDT	+0.0141%	4h	0.02439	+0.082%	$113K	$10K	75x	as long as short