Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bitget+0.161%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$920.918% of the position

Long on Bitget Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.161%, 7d avg +0.098%

Together, before fees−0.036%−$4 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 0.063% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ALTUSDT	0.007473	0.0100	pay 0.0050% / 4h	2h 55m	$615K	$102K	50x
Short	MEXC ALT_USDT	0.007485	0.0100	get 0.0050% / 4h	2h 55m	$399K	$194K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. 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 BitgetbpFee MEXCbpOrdersPrice spread, now +0.161%Rate

Funding earned: $0
Price spread: +0.161% → +0.098%: $6.28
Slippage, 4 orders: −$75.83
Fee Bitget: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$85.56
Costs to cover: 0.918%
Break-even: never at this rate

Slippage from Bitget: live order book, 29 min ago; MEXC: live order book, 26 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 Bitget live order book, 29 min ago	7.34 bp	37.4 bp −$37	217.1 bp −$2,171	doesn't fit	doesn't fit
Sell MEXC live order book, 26 min ago	2.00 bp	7.8 bp −$8	51.8 bp −$518	261.3 bp −$26.1K	424.8 bp −$212.4K

ALT 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
Bybit ALTUSDT	−0.0900%	4h	0.007476	+0.040%	$1.2M	$1.6M	25x	as long as short
Variational Omni ALT	−0.0412%	4h	0.007477	+0.055%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUAL	−0.0151%	1h	0.007485	+0.161%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.231%	$815	$4K	5.5x	as long as short
BloFin ALT-USDT	+0.0061%	4h	0.007477	+0.054%	$173K	$9K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007480	+0.094%	$1.1M	$187K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007479	+0.080%	$2.6M	$3.5M	50x	as long as short
Gate ALT_USDT	+0.0100%	8h	0.007485	+0.161%	$51K	$413K	25x	as long as short
MEXC ALT_USDTshort	+0.0100%	4h	0.007485	+0.161%	$399K	$194K	50x
KuCoin ALTUSDTM	+0.0100%	4h	0.007482	+0.120%	$150K	$22K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDTlong	+0.0100%	4h	0.007473	long leg	$615K	$102K	50x
BingX ALT-USDT	+0.0100%	4h	0.007482	+0.120%	—	$1.3M	—	as long as short
Kraken Futures PF_ALTUSD	+0.0200%	1h	0.007496	+0.303%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0384%	1h	0.007512	+0.522%	$14K	$2K	50x	as long as short