Funding arb · Price arb /

ATH

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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 +0.004%

Price spread now: MEXC against BloFin+0.357%7-day average −0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$750.753% of the position

Long on BloFin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.206%−$21 · spread now +0.357%, 7d avg −0.062%

Together, before fees−0.207%−$21 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 0.419% dearer against BloFin than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ATH-USDT	0.005595	0.0100	pay 0.0050% / 4h	2h 28m	$173K	$59K	75x
Short	MEXC ATH_USDT	0.005615	0.0100	get 0.0050% / 4h	2h 28m	$8.9M	$663K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BloFin. 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 BloFinbpFee MEXCbpOrdersPrice spread, now +0.357%Rate

Funding earned: −$0.05
Price spread: +0.357% → −0.062%: $41.93
Slippage, 4 orders: −$55.33
Fee BloFin: 6 bp × 2 orders: −$12
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$33.45
Costs to cover: 0.753%
Break-even: never at this rate

Slippage from BloFin: live order book, 53 min ago; MEXC: 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 BloFin live order book, 53 min ago	5.45 bp	20.5 bp −$21	58.3 bp −$583	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.90 bp	14.8 bp −$15	49.7 bp −$497	191.9 bp −$19.2K	doesn't fit

ATH 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_ATHUSD	−0.3501%	1h	0.005594	−0.011%	$20K	$107K	10x	as long as short
Variational Omni ATH	−0.0182%	4h	0.005564	−0.550%	$187K	$94K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005611	+0.282%	$11K	$16	5x	as long as short
OKX ATH-USDT-SWAP	+0.0018%	4h	0.005603	+0.143%	$719K	$1.3M	20x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005609	+0.243%	$7K	$34K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005615	+0.355%	$3.4M	$3.8M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005607	+0.214%	$4.5M	$2.3M	25x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005604	+0.161%	$802K	$529K	30x	as long as short
MEXC ATH_USDTshort	+0.0100%	4h	0.005615	+0.357%	$8.9M	$663K	50x
KuCoin ATHUSDTM	+0.0100%	4h	0.005605	+0.179%	$563K	$84K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005615	+0.357%	$1.6M	$804K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005610	+0.268%	—	$21.7M	—	as long as short
BloFin ATH-USDTlong	+0.0100%	4h	0.005595	long leg	$173K	$59K	75x