Funding arb · Price arb /

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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 Binance+0.074%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$940.944% of the position

Long on Binance Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.088%−$9 · spread now +0.074%, 7d avg −0.003%

Together, before fees−0.088%−$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: MEXC is 0.077% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance AUSDT	0.09332	0.0100	pay 0.0050% / 4h	2h 30m	$2.9M	$3.3M	75x
Short	MEXC A_USDT	0.09339	0.0100	get 0.0050% / 4h	2h 30m	$4.0M	$142K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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 BinancebpFee MEXCbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → −0.003%: $7.7
Slippage, 4 orders: −$80.45
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$86.75
Costs to cover: 0.944%
Break-even: never at this rate

Slippage from Binance: live order book, 6 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 6 min ago	3.21 bp	21.9 bp −$22	116.7 bp −$1,167	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	3.21 bp	22.9 bp −$23	70.1 bp −$701	179.8 bp −$18.0K	doesn't fit

A on 10 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
Injective A/USDC PERP	+0.0033%	1h	0.08945	−4.148%	$1K	$5	5.5x	as long as short
Binance AUSDTlong	+0.0100%	4h	0.09332	long leg	$2.9M	$3.3M	75x
Bybit AUSDT	+0.0100%	4h	0.09326	−0.065%	$3.2M	$1.0M	50x	as long as short
OKX A-USDT-SWAP	+0.0100%	4h	0.09338	+0.063%	$728K	$529K	10x	as long as short
Gate A_USDT	+0.0100%	4h	0.09334	+0.020%	$218K	$68K	50x	as long as short
MEXC A_USDTshort	+0.0100%	4h	0.09339	+0.074%	$4.0M	$142K	100x
KuCoin AUSDTM	+0.0100%	4h	0.09346	+0.149%	$685K	$53K	75x	as long as short
Bitget AUSDT	+0.0100%	4h	0.09347	+0.160%	$921K	$246K	75x	as long as short
BingX A-USDT	+0.0100%	4h	0.09341	+0.095%	—	$6.5M	—	as long as short
Variational Omni A	+0.0100%	4h	0.09311	−0.225%	$1K	$1	—	as long as short