Funding arb · Price arb /

W

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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−0.152%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1591.589% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now −0.152%, 7d avg +0.004%

Together, before fees+0.079%+$8 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 0.156% cheaper against KuCoin than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin WUSDTM	0.01184	0.0100	pay 0.0050% / 4h	39m 05s	$458K	$211K	50x
Short	MEXC W_USDT	0.01182	0.0100	get 0.0050% / 4h	39m 05s	$12.9M	$1.4M	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 −0.152%Rate

Funding earned: $0
Price spread: −0.152% → +0.004%: −$15.58
Slippage, 4 orders: −$142.94
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$174.52
Costs to cover: 1.589%
Break-even: never at this rate

Slippage from KuCoin: live order book, 23 min ago; MEXC: live order book, 4 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, 23 min ago	12.72 bp	69.1 bp −$69	292.7 bp −$2,927	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.11 bp	6.7 bp −$7	54.3 bp −$543	82.7 bp −$8,272	169.8 bp −$84.9K

W on 17 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
Deribit W_USDC-PERPETUAL	−0.0173%	1h	0.01183	−0.127%	$17K	$1K	10x	as long as short
OKX W-USDT-SWAP	−0.0006%	4h	0.01181	−0.236%	$1.3M	$2.0M	20x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+2.111%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01183	−0.084%	$2.0M	$423K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01182	−0.160%	$3.0M	$6.8M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01180	−0.338%	$4.1M	$1.9M	50x	as long as short
Gate W_USDT	+0.0100%	4h	0.01181	−0.279%	$446K	$290K	75x	as long as short
MEXC W_USDTshort	+0.0100%	4h	0.01182	−0.152%	$12.9M	$1.4M	50x
KuCoin WUSDTMlong	+0.0100%	4h	0.01184	long leg	$458K	$211K	50x
Bitget WUSDT	+0.0100%	4h	0.01183	−0.084%	$1.3M	$572K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01181	−0.279%	—	$6.9M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01180	−0.325%	$71K	$42K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01183	−0.054%	$130K	$385K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01182	−0.129%	$59K	$228K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0248%	1h	0.01188	+0.313%	$14K	$16K	50x	as long as short
Kraken Futures PF_WUSD	+0.0718%	1h	0.01185	+0.056%	$147K	$181K	20x	as long as short
Backpack W_USDC_PERP	+0.0815%	1h	0.01183	−0.068%	$44K	$47K	15x	as long as short