Funding arb · Price arb /

W

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against MEXC+0.034%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$298as in the Funding arb table

Net, price: spread back to 7d avg − costs−$298as in the Price arb table

costs, in and out, $10k−$3023.022% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 4 days (all we have)−0.135%−$13 · spread now +0.034%, 7d avg −0.007%

Together, before fees−0.090%−$9 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 0.041% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC W_USDT	0.01184	0.0100	pay 0.0050% / 4h	1h 46m	$12.3M	$1.2M	50x
Short	KuCoin WUSDTM	0.01184	0.0100	get 0.0050% / 4h	1h 46m	$386K	$178K	50x

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 +0.034%Rate

Funding earned: $0
Price spread: +0.034% → −0.007%: $4.07
Slippage, 4 orders: −$286.23
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$298.16
Costs to cover: 3.022%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 58 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, 5 min ago	1.68 bp	10.5 bp −$11	55.2 bp −$552	91.7 bp −$9,175	175.1 bp −$87.5K
Sell KuCoin live order book, 58 min ago	21.21 bp	131.4 bp −$131	415.7 bp −$4,157	doesn't fit	doesn't fit

W on 17 exchanges

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	−0.0509%	1h	0.01184	+0.042%	$14K	$4K	10x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+2.146%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01185	+0.118%	$2.0M	$256K	5x	as long as short
Binance WUSDT	+0.0100%	4h	0.01184	+0.003%	$3.0M	$4.6M	50x	as long as short
Bybit WUSDT	+0.0100%	4h	0.01181	−0.211%	$4.1M	$1.5M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01183	−0.084%	$1.3M	$1.3M	20x	as long as short
Gate W_USDT	+0.0100%	4h	0.01184	+0.068%	$432K	$167K	75x	as long as short
MEXC W_USDTlong	+0.0100%	4h	0.01184	long leg	$12.3M	$1.2M	50x
KuCoin WUSDTMshort	+0.0100%	4h	0.01184	+0.034%	$386K	$178K	50x
Bitget WUSDT	+0.0100%	4h	0.01186	+0.203%	$1.3M	$529K	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01184	−0.008%	—	$6.6M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01185	+0.105%	$69K	$20K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01186	+0.232%	$127K	$375K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01183	−0.016%	$61K	$392K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0640%	1h	0.01190	+0.566%	$13K	$11K	50x	as long as short
Backpack W_USDC_PERP	+0.0801%	1h	0.01185	+0.144%	$45K	$46K	15x	as long as short
Kraken Futures PF_WUSD	+0.0878%	1h	0.01186	+0.241%	$148K	$48K	20x	as long as short