Funding arb · Price arb /

2Z

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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 −0.003%

Price spread now: MEXC against BingX−0.019%7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$137as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$840.843% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.530%−$53 on $10k

Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.019%, 7d avg +0.060%

Together, before fees−0.460%−$46 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 0.079% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.060%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX 2Z-USDT	0.05238	0.0100	pay 0.0050% / 4h	27m 47s	—	$6.5M	—
Short	MEXC 2Z_USDT	0.05237	0.0100	get 0.0050% / 4h	27m 47s	$293K	$126K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → +0.060%: −$7.9
Slippage, 4 orders: −$70.27
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$92.17
Costs to cover: 0.843%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; MEXC: live order book, 12 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 BingX live order book, 8 min ago	6.74 bp	28.5 bp −$28	97.0 bp −$970	802.8 bp −$80.3K	1213.0 bp −$606.5K
Sell MEXC live order book, 12 min ago	7.68 bp	13.1 bp −$13	71.9 bp −$719	258.0 bp −$25.8K	doesn't fit

2Z 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
Backpack 2Z_USDC_PERP	−0.0669%	1h	0.05227	−0.210%	$46K	$29K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.926%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05240	+0.038%	$17K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05234	−0.082%	$676K	$367K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05236	−0.030%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05236	−0.031%	$75K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05229	−0.177%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05237	−0.019%	$691K	$978K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05232	−0.115%	$450K	$723K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05231	−0.134%	$91K	$65K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 2Z_USDTshort	+0.0100%	4h	0.05237	−0.019%	$293K	$126K	50x
KuCoin 2ZUSDTM	+0.0100%	4h	0.05233	−0.101%	$193K	$53K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05230	−0.153%	$162K	$634K	50x	as long as short
BingX 2Z-USDTlong	+0.0100%	4h	0.05238	long leg	—	$6.5M	—
Variational Omni 2Z	+0.0100%	4h	0.05225	−0.247%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05234	−0.076%	$2K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.0798%	1h	0.05236	−0.042%	$5K	$3K	10x	as long as short