Funding arb · Price arb /

ANIME

all ANIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against MEXC+0.062%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$890.886% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.062%, 7d avg +0.019%

Together, before fees−0.113%−$11 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: Binance is 0.043% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ANIME_USDT	0.003317	0.0100	pay 0.0050% / 4h	2h 37m	$205K	$88K	20x
Short	Binance ANIMEUSDT	0.003319	0.0100	get 0.0050% / 4h	2h 37m	$1.3M	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → +0.019%: $4.33
Slippage, 4 orders: −$74.62
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$84.29
Costs to cover: 0.886%
Break-even: never at this rate

Slippage from MEXC: live order book, 48 min ago; Binance: live order book, 10 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, 48 min ago	1.49 bp	9.3 bp −$9	70.2 bp −$702	272.0 bp −$27.2K	483.0 bp −$241.5K
Sell Binance live order book, 10 min ago	1.50 bp	33.7 bp −$34	179.1 bp −$1,791	doesn't fit	doesn't fit

ANIME on 13 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
Kraken Futures PF_ANIMEUSD	−0.0041%	1h	0.003315	−0.068%	$33K	$1K	10x	as long as short
Hyperliquid ANIME	+0.0100%	1h	0.003315	−0.060%	$289K	$83K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003312	−0.139%	$27K	$3K	5x	as long as short
Binance ANIMEUSDTshort	+0.0100%	4h	0.003319	+0.062%	$1.3M	$1.6M	20x
Bybit ANIMEUSDT	+0.0100%	4h	0.003314	−0.090%	$680K	$270K	25x	as long as short
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003318	+0.030%	$424K	$508K	20x	as long as short
Gate ANIME_USDT	+0.0100%	4h	0.003305	−0.362%	$138K	$55K	25x	as long as short
MEXC ANIME_USDTlong	+0.0100%	4h	0.003317	long leg	$205K	$88K	20x
KuCoin ANIMEUSDTM	+0.0100%	4h	0.003311	−0.181%	$433K	$58K	20x	as long as short
Bitget ANIMEUSDT	+0.0100%	4h	0.003310	−0.211%	$846K	$145K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ANIME-USDT	+0.0100%	4h	0.003313	−0.121%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003324	+0.211%	$11K	$553	—	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003313	−0.121%	$809	—	100x	as long as short