Funding arb · Price arb /

SXT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin−0.056%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$564as in the Funding arb table

Net, price: spread back to 7d avg − costs−$561as in the Price arb table

costs, in and out, $10k−$5645.637% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.056%, 7d avg −0.079%

Together, before fees−0.015%−$1 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 0.023% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin SXTUSDTM	0.008930	0.0100	pay 0.0050% / 4h	13m 51s	$129K	$86K	25x
Short	MEXC SXT_USDT	0.008925	0.0100	get 0.0050% / 4h	13m 51s	$2.0M	$123K	50x

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 −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.079%: $2.27
Slippage, 4 orders: −$547.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$561.45
Costs to cover: 5.637%
Break-even: never at this rate

Slippage from KuCoin: live order book, 60 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, 60 min ago	5.60 bp	199.4 bp −$199	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	2.80 bp	34.0 bp −$34	88.2 bp −$882	245.9 bp −$24.6K	doesn't fit

SXT on 9 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
BloFin SXT-USDT	+0.0045%	4h	0.008914	−0.179%	$111K	$12K	25x	as long as short
Aster SXTUSDT	+0.0100%	4h	0.008980	+0.558%	$6K	$245	5x	as long as short
Binance SXTUSDT	+0.0100%	4h	0.008926	−0.045%	$1.7M	$2.2M	25x	as long as short
Bybit SXTUSDT	+0.0100%	4h	0.008914	−0.179%	$554K	$318K	13x	as long as short
MEXC SXT_USDTshort	+0.0100%	4h	0.008925	−0.056%	$2.0M	$123K	50x
KuCoin SXTUSDTMlong	+0.0100%	4h	0.008930	long leg	$129K	$86K	25x
Bitget SXTUSDT	+0.0100%	4h	0.008918	−0.134%	$483K	$104K	25x	as long as short
BingX SXT-USDT	+0.0100%	4h	0.008918	−0.134%	—	$6.5M	—	as long as short
Variational Omni SXT	+0.0100%	4h	0.008906	−0.269%	$439	$4K	—	as long as short