Funding arb · Price arb /

API3

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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: MEXC against BingX−0.077%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$840.842% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)+0.077%+$8 · spread now −0.077%, 7d avg −0.031%

Together, before fees+0.067%+$7 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 0.046% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX API3-USDT	0.2612	0.0100	pay 0.0050% / 4h	3h 09m	—	$6.7M	—
Short	MEXC API3_USDT	0.2610	0.0100	get 0.0050% / 4h	3h 09m	$456K	$292K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.077%Rate

Funding earned: $0
Price spread: −0.077% → −0.031%: −$4.56
Slippage, 4 orders: −$66.19
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$88.75
Costs to cover: 0.842%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; MEXC: live order book, 35 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 BingX live order book, 13 min ago	5.73 bp	22.6 bp −$23	92.3 bp −$923	457.5 bp −$45.8K	503.0 bp −$251.5K
Sell MEXC live order book, 35 min ago	1.90 bp	10.5 bp −$11	45.0 bp −$450	128.3 bp −$12.8K	267.0 bp −$133.5K

API3 on 12 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
BloFin API3-USDT	+0.0081%	4h	0.2617	+0.191%	$134K	$21K	50x	as long as short
Aster API3USDT	+0.0100%	4h	0.2613	+0.051%	$2K	$4K	5x	as long as short
Binance API3USDT	+0.0100%	4h	0.2612	0.000%	$2.6M	$2.0M	50x	as long as short
Bybit API3USDT	+0.0100%	4h	0.2613	+0.038%	$982K	$395K	25x	as long as short
OKX API3-USDT-SWAP	+0.0100%	4h	0.2608	−0.153%	$647K	$502K	10x	as long as short
Gate API3_USDT	+0.0100%	8h	0.2615	+0.115%	$125K	$113K	50x	as long as short
MEXC API3_USDTshort	+0.0100%	4h	0.2610	−0.077%	$456K	$292K	50x
KuCoin API3USDTM	+0.0100%	4h	0.2613	+0.038%	$1.0M	$241K	30x	as long as short
Bitget API3USDT	+0.0100%	4h	0.2611	−0.038%	$647K	$195K	20x	as long as short
BingX API3-USDTlong	+0.0100%	4h	0.2612	long leg	—	$6.7M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni API3	+0.0100%	4h	0.2622	+0.364%	$6K	$1	—	as long as short
Kraken Futures PF_API3USD	+0.4777%	1h	0.2619	+0.286%	$13K	$3K	10x	as long as short