Funding arb · Price arb /

AVAAI

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.053%

Price spread now: Bybit against MEXC+0.243%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$684as in the Funding arb table

Net, price: spread back to 7d avg − costs−$635as in the Price arb table

costs, in and out, $10k−$6516.514% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.330%−$33 on $10k

Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.243%, 7d avg +0.079%

Together, before fees−0.501%−$50 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 0.164% dearer against MEXC than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC AVAAI_USDT	0.01109	0.0100	pay 0.0050% / 4h	2h 50m	$197K	$112K	100x
Short	Bybit AVAAIUSDT	0.01112	0.0100	get 0.0050% / 4h	2h 50m	$1.3M	$559K	20x

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 +0.243%Rate

Funding earned: $0
Price spread: +0.243% → +0.079%: $16.41
Slippage, 4 orders: −$636.44
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$635.03
Costs to cover: 6.514%
Break-even: never at this rate

Slippage from MEXC: live order book, 55 min ago; Bybit: live order book, 5 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, 55 min ago	1.78 bp	21.2 bp −$21	61.8 bp −$618	266.3 bp −$26.6K	doesn't fit
Sell Bybit live order book, 5 min ago	5.87 bp	326.5 bp −$327	doesn't fit	doesn't fit	doesn't fit

AVAAI on 8 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
Binance AVAAIUSDT	+0.0100%	4h	0.01109	+0.018%	$3.9M	$3.3M	20x	as long as short
Bybit AVAAIUSDTshort	+0.0100%	4h	0.01112	+0.243%	$1.3M	$559K	20x
Gate AVAAI_USDT	+0.0100%	4h	0.01107	−0.180%	$623K	$154K	20x	as long as short
MEXC AVAAI_USDTlong	+0.0100%	4h	0.01109	long leg	$197K	$112K	100x
KuCoin AVAAIUSDTM	+0.0100%	4h	0.01106	−0.288%	$466K	$94K	20x	as long as short
BingX AVAAI-USDT	+0.0108%	4h	0.01111	+0.207%	—	$168K	—	as long as short
BloFin AVAAI-USDT	+0.0130%	4h	0.01108	−0.108%	$191K	$5K	20x	as long as short
Aster AVAAIUSDT	+0.0209%	4h	0.01108	−0.101%	$37K	$15K	5x	as long as short