Settings8H · net · $10k
Funding arb · Price arb /

AUCTION

all AUCTION markets
SwapBacktest
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: Bitget against MEXC+0.054%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$69as in the Price arb table
costs, in and out, $10k−$720.716% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.054%, 7d avg +0.030%
Together, before fees−0.033%−$3 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: Bitget is 0.024% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC AUCTION_USDT3.67000.0100pay 0.0050% / 4h2h 39m$433K$144K20x
ShortBitget AUCTIONUSDT3.67200.0100get 0.0050% / 4h2h 39m$370K$146K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: +0.054% → +0.030%
$2.42
Slippage, 4 orders
−$55.59
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$69.17
Costs to cover
0.716%
Break-even
never at this rate
Slippage from MEXC: live order book, 61 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 61 min ago1.35 bp11.8 bp −$1250.7 bp −$50799.3 bp −$9,934272.5 bp −$136.3K
Sell Bitget live order book, 1 min ago5.45 bp23.9 bp −$24133.8 bp −$1,338doesn't fitdoesn't fit

AUCTION on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_AUCTIONUSD+0.0004%1h3.6733+0.091%$8K$25910xas long as short
Aster AUCTIONUSDT+0.0100%4h3.6726+0.072%$917$3K5xas long as short
Binance AUCTIONUSDT+0.0100%4h3.6703+0.007%$2.4M$1.6M50xas long as short
Bybit AUCTIONUSDT+0.0100%4h3.6740+0.109%$585K$266K25xas long as short
OKX AUCTION-USDT-SWAP+0.0100%4h3.6710+0.027%$782K$675K20xas long as short
Gate AUCTION_USDT+0.0100%8h3.6710+0.027%$103K$63K50xas long as short
MEXC AUCTION_USDTlong+0.0100%4h3.6700long leg$433K$144K20x
KuCoin AUCTIONUSDTM+0.0100%4h3.6710+0.027%$366K$122K20xas long as short
Bitget AUCTIONUSDTshort+0.0100%4h3.6720+0.054%$370K$146K25x
BingX AUCTION-USDT+0.0100%4h3.6690−0.027%$13.8Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni AUCTION+0.0100%4h3.6794+0.257%$171$38as long as short