Settings8H · net · $10k
Funding arb · Price arb /

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0144%/8h= −15.8% APRnext payment $0.72 per $10,000 · paid last 24h +0.002%
Price spread now: MEXC against BingX0.000%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1351.348% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.171%−$17 on $10k
Price spread, last 7 days−0.049%−$5 · spread now 0.000%, 7d avg −0.007%
Together, before fees−0.220%−$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.007%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX 4-USDT0.021750.0786pay 0.0393% / 4h8m 38s$1.4M
ShortMEXC 4_USDT0.021750.0642get 0.0321% / 4h8m 38s$1.9M$852K100x

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

Funding earned
−$30.24
Price spread: 0.000% → −0.007%
$0.72
Slippage, 4 orders
−$120.82
Fee BingX: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$164.34
Costs to cover
1.348%
Break-even
never at this rate
Slippage from BingX: live order book, 8 min ago; MEXC: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 8 min ago21.72 bp42.9 bp −$43122.6 bp −$1,226doesn't fitdoesn't fit
Sell MEXC live order book, 2 min ago4.59 bp16.7 bp −$17109.6 bp −$1,096275.9 bp −$27.6Kdoesn't fit

4 on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni 4+0.0100%4h0.02169−0.256%$53K$5Kas long as short
SunX 4-USDT+0.0100%4h0.02173−0.092%$2K$1.1M20xas long as short
Aster 4USDT+0.0461%4h0.02175−0.014%$249K$95K5xas long as short
KuCoin 4USDTM+0.0610%4h0.02172−0.138%$956K$12.9M20xas long as short
MEXC 4_USDTshort+0.0642%4h0.021750.000%$1.9M$852K100x
Binance 4USDT+0.0647%4h0.02176+0.052%$8.4M$11.2M20xas long as short
Gate 4_USDT+0.0690%4h0.02176+0.064%$590K$239K20xas long as short
BingX 4-USDTlong+0.0786%4h0.02175long leg$1.4M
Bybit 4USDT+0.0791%4h0.02175−0.023%$2.9M$1.7M5xas long as short