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 0.000%

Price spread now: MEXC against Bybit−0.019%7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$660.659% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.141%+$14 · spread now −0.019%, 7d avg +0.010%

Together, before fees+0.140%+$14 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 0.029% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 2ZUSDT	0.05233	0.0100	pay 0.0050% / 4h	1h 15m	$686K	$974K	50x
Short	MEXC 2Z_USDT	0.05232	0.0100	get 0.0050% / 4h	1h 15m	$296K	$125K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → +0.010%: −$2.9
Slippage, 4 orders: −$50.89
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$68.8
Costs to cover: 0.659%
Break-even: never at this rate

Slippage from Bybit: live order book, 30 min ago; MEXC: live order book, 30 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 Bybit live order book, 30 min ago	3.86 bp	23.5 bp −$23	1429.8 bp −$14.3K	doesn't fit	doesn't fit
Sell MEXC live order book, 30 min ago	4.82 bp	10.2 bp −$10	67.1 bp −$671	224.4 bp −$22.4K	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	−0.0379%	1h	0.05227	−0.115%	$46K	$29K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.835%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05241	+0.153%	$17K	$8K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05233	−0.004%	$676K	$373K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05233	+0.005%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05232	−0.021%	$75K	$14K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05230	−0.057%	$2.1M	$2.3M	50x	as long as short
Bybit 2ZUSDTlong	+0.0100%	4h	0.05233	long leg	$686K	$974K	50x
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05229	−0.076%	$451K	$712K	20x	as long as short
Gate 2Z_USDT	+0.0100%	4h	0.05226	−0.134%	$91K	$69K	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	0.05232	−0.019%	$296K	$125K	50x
KuCoin 2ZUSDTM	+0.0100%	4h	0.05231	−0.031%	$193K	$52K	50x	as long as short
Bitget 2ZUSDT	+0.0100%	4h	0.05233	0.000%	$159K	$633K	50x	as long as short
BingX 2Z-USDT	+0.0100%	4h	0.05232	−0.019%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05240	+0.133%	$33K	$29K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05233	0.000%	$1K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.2477%	1h	0.05244	+0.202%	$6K	$3K	10x	as long as short