Funding arb · Price arb /

ANKR

all ANKR markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against MEXC−0.020%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$277as in the Funding arb table

Net, price: spread back to 7d avg − costs−$268as in the Price arb table

costs, in and out, $10k−$2732.727% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.020%, 7d avg −0.063%

Together, before fees−0.023%−$2 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: Bybit 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 −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ANKR_USDT	0.005050	0.0100	pay 0.0050% / 4h	3h 40m	$478K	$148K	20x
Short	Bybit ANKRUSDT	0.005049	0.0100	get 0.0100% / 8h	7h 40m	$858K	$425K	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 −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.063%: $4.33
Slippage, 4 orders: −$257.71
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$268.38
Costs to cover: 2.727%
Break-even: never at this rate

Slippage from MEXC: live order book, 24 min ago; Bybit: live order book, 30 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, 24 min ago	1.01 bp	16.1 bp −$16	53.9 bp −$539	248.7 bp −$24.9K	doesn't fit
Sell Bybit live order book, 30 min ago	5.06 bp	111.5 bp −$111	1083.5 bp −$10.8K	doesn't fit	doesn't fit

ANKR 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
Kraken Futures PF_ANKRUSD	−0.1712%	1h	0.005046	−0.084%	$10K	$1K	10x	as long as short
BloFin ANKR-USDT	+0.0085%	4h	0.005033	−0.337%	$124K	$21K	50x	as long as short
Binance ANKRUSDT	+0.0100%	4h	0.005048	−0.033%	$1.9M	$2.3M	50x	as long as short
Bybit ANKRUSDTshort	+0.0100%	8h	0.005049	−0.020%	$858K	$425K	25x
Gate ANKR_USDT	+0.0100%	4h	0.005045	−0.099%	$65K	$63K	25x	as long as short
MEXC ANKR_USDTlong	+0.0100%	4h	0.005050	long leg	$478K	$148K	20x
KuCoin ANKRUSDTM	+0.0100%	4h	0.005052	+0.040%	$371K	$109K	30x	as long as short
Bitget ANKRUSDT	+0.0100%	4h	0.005050	0.000%	$545K	$292K	50x	as long as short
BingX ANKR-USDT	+0.0100%	4h	0.005047	−0.059%	—	$1.3M	—	as long as short
Variational Omni ANKR	+0.0100%	8h	0.005028	−0.441%	$2K	$1K	—	as long as short