Funding arb · Price arb /

AKE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.2948%/8h= +322.8% APRpaid last 24h +1.158%

Price spread now: Bybit against MEXC−0.169%7-day average +0.515% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$142as in the Price arb table

costs, in and out, $10k−$730.734% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.514%+$51 on $10k

Price spread, last 7 days+0.204%+$20 · spread now −0.169%, 7d avg +0.515%

Together, before fees+0.718%+$72 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.684% cheaper against MEXC than usual: you would sell low and buy high (spread −0.169% now, against its 7-day average of +0.515%). If the spread goes back, that is −$68 on $10k: about 19 hours of funding at the current rate (+$88 a day). At the pace of the last 7 days (+0.514% in total) that is about 9.3 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.514% in total (about 26.8% 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	MEXC AKE_USDT	0.05871	0.0418	pay 0.0209% / 4h	3h 19m	$15.2M	$36.2M	20x
Short	Bybit AKEUSDT	0.05861	0.3366	get 0.0421% / 1h	19m 47s	$18.6M	$182.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee MEXCbpFee BybitbpOrdersPrice spread, now −0.169%Rate

Funding earned: $618.98
Price spread: −0.169% → +0.515%: −$68.36
Slippage, 4 orders: −$62.45
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $477.17
Costs to cover: 0.734%
Break-even: 1.6 days

Slippage from MEXC: live order book, 4 min ago; Bybit: live order book, 4 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 MEXC live order book, 4 min ago	1.11 bp	14.7 bp −$15	42.1 bp −$421	170.1 bp −$17.0K	doesn't fit
Sell Bybit live order book, 4 min ago	0.09 bp	21.3 bp −$21	66.0 bp −$660	doesn't fit	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	0.05865	−0.104%	$660K	$3.7M	5x	as long as short
SunX AKE-USDT	+0.0100%	4h	0.05884	+0.230%	—	$705K	10x	as long as short
HTX AKE-USDT	+0.0100%	4h	0.05880	+0.156%	$176K	$1.8M	10x	as long as short
Bitget AKEUSDT	+0.0272%	1h	0.05872	+0.020%	$2.2M	$46.7M	10x	as long as short
edgeX 1000AKEUSDC	+0.0406%	4h	0.05876	+0.082%	$257K	$1.3M	5x	as long as short
MEXC AKE_USDTlong	+0.0418%	4h	0.05871	long leg	$15.2M	$36.2M	20x
Extended AKE-USD	+0.0424%	1h	0.05868	−0.048%	$80K	$333K	5x	as long as short
Binance AKEUSDT	+0.0425%	4h	0.05862	−0.150%	$29.6M	$505.3M	10x	as long as short
KuCoin AKEUSDTM	+0.0504%	4h	0.05876	+0.085%	$8.5M	$44.4M	10x	as long as short
Gate AKE_USDT	+0.1420%	4h	0.05870	−0.020%	$6.0M	$84.3M	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AKE-USDT	+0.1488%	4h	0.05868	−0.039%	—	$10.7M	—	as long as short
OKX AKE-USDT-SWAP	+0.1558%	4h	0.05869	−0.029%	$5.3M	$489.1M	20x	as long as short
Bybit AKEUSDTshort	+0.3366%	1h	0.05861	−0.169%	$18.6M	$182.9M	25x
Variational Omni AKE	+0.3562%	1h	0.05896	+0.437%	$169K	$753K	—	as long as short