Funding arb · Price arb /

AKE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.6682%/8h= −731.7% APRpaid last 24h −1.281%

Price spread now: MEXC against Bybit+0.014%7-day average −0.513% · you sell dearer than you buy

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$800.802% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.475%−$48 on $10k

Price spread, last 7 days−0.065%−$6 · spread now +0.014%, 7d avg −0.513%

Together, before fees−0.540%−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.527% dearer against Bybit than usual: you sell high and buy low (spread +0.014% now, against its 7-day average of −0.513%): +$53 on $10k if it goes back. Holding the pair costs −$200 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.475% in total) that is about 7.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.475% in total (about -24.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AKEUSDT	0.05715	0.7002	pay 0.0875% / 1h	31m 36s	$18.4M	$183.4M	25x
Short	MEXC AKE_USDT	0.05715	0.0320	get 0.0160% / 4h	31m 36s	$14.2M	$36.3M	20x

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

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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 +0.014%Rate

Funding earned: −$1,403.19
Price spread: +0.014% → −0.513%: $52.65
Slippage, 4 orders: −$69.22
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$1,430.75
Costs to cover: 0.802%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 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 Bybit live order book, 3 min ago	1.31 bp	24.2 bp −$24	75.0 bp −$750	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.48 bp	25.2 bp −$25	49.0 bp −$490	245.2 bp −$24.5K	doesn't fit

AKE on 14 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
Aster AKEUSDT	+0.0100%	1h	0.05713	−0.037%	$644K	$3.8M	5x	as long as short
edgeX 1000AKEUSDC	+0.0293%	4h	0.05684	−0.531%	$249K	$1.3M	5x	as long as short
Binance AKEUSDT	+0.0316%	4h	0.05714	−0.006%	$28.9M	$507.3M	10x	as long as short
Extended AKE-USD	+0.0320%	1h	0.05714	−0.011%	$78K	$427K	5x	as long as short
MEXC AKE_USDTshort	+0.0320%	4h	0.05715	+0.014%	$14.2M	$36.3M	20x
KuCoin AKEUSDTM	+0.0330%	4h	0.05717	+0.050%	$8.2M	$44.8M	10x	as long as short
SunX AKE-USDT	+0.0400%	1h	0.05720	+0.086%	—	$701K	10x	as long as short
HTX AKE-USDT	+0.0400%	1h	0.05730	+0.270%	$171K	$1.8M	10x	as long as short
Bitget AKEUSDT	+0.0736%	1h	0.05720	+0.091%	$2.2M	$47.2M	10x	as long as short
Gate AKE_USDT	+0.1040%	4h	0.05717	+0.039%	$6.0M	$84.8M	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX AKE-USDT-SWAP	+0.1424%	4h	0.05720	+0.094%	$5.1M	$479.8M	20x	as long as short
BingX AKE-USDT	+0.1667%	4h	0.05719	+0.070%	—	$10.6M	—	as long as short
Variational Omni AKE	+0.6107%	1h	0.05680	−0.608%	$160K	$768K	—	as long as short
Bybit AKEUSDTlong	+0.7002%	1h	0.05715	long leg	$18.4M	$183.4M	25x