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

4

all 4 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0030%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.003%
Price spread now: BingX against MEXC+0.279%7-day average +0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$125as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1421.418% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.169%+$17 on $10k
Price spread, last 7 days−0.247%−$25 · spread now +0.279%, 7d avg +0.007%
Together, before fees−0.078%−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BingX is 0.272% dearer against MEXC than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.007%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC 4_USDT0.020100.0196pay 0.0098% / 4h3m 22s$1.5M$923K100x
ShortBingX 4-USDT0.020160.0226get 0.0113% / 4h3m 22s$1.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$6.3
Price spread: +0.279% → +0.007%
$27.18
Slippage, 4 orders
−$127.83
Fee MEXC: 2 bp × 2 orders
−$4
Fee BingX: 5 bp × 2 orders
−$10
Net
−$108.35
Costs to cover
1.418%
Break-even
127.4 days
Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 3 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 MEXC live order book, 3 min ago4.97 bp16.2 bp −$16105.7 bp −$1,057239.2 bp −$23.9Kdoesn't fit
Sell BingX live order book, 3 min ago19.58 bp63.1 bp −$63140.9 bp −$1,409doesn't fitdoesn'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%4h0.02011+0.052%$45K$8Kas long as short
SunX 4-USDT+0.0100%4h0.02006−0.199%$1K$1.3M20xas long as short
Bybit 4USDT+0.0100%4h0.02009−0.060%$2.6M$2.0M5xas long as short
Binance 4USDT+0.0193%4h0.02013+0.158%$7.9M$13.0M20xas long as short
MEXC 4_USDTlong+0.0196%4h0.02010long leg$1.5M$923K100x
BingX 4-USDTshort+0.0226%4h0.02016+0.279%$1.4M
Aster 4USDT+0.0239%4h0.02008−0.106%$239K$111K5xas long as short
Gate 4_USDT+0.0332%4h0.02013+0.159%$539K$291K20xas long as short
KuCoin 4USDTM+0.0686%4h0.02006−0.199%$859K$12.4M20xas long as short