Funding arb · Price arb /

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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 0.000%

Price spread now: MEXC against Bybit+0.118%7-day average +0.144% · you sell dearer than you buy

Net, funding: paid 7d − costs−$269as in the Funding arb table

Net, price: spread back to 7d avg − costs−$276as in the Price arb table

costs, in and out, $10k−$2732.733% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days+0.064%+$6 · spread now +0.118%, 7d avg +0.144%

Together, before fees+0.108%+$11 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 0.025% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.144%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BASEDUSDT	0.06769	0.0100	pay 0.0050% / 4h	2h 13m	$2.1M	$582K	25x
Short	MEXC BASED_USDT	0.06777	0.0100	get 0.0050% / 4h	2h 13m	$4.8M	$657K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → +0.144%: −$2.54
Slippage, 4 orders: −$258.34
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$275.88
Costs to cover: 2.733%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 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 Bybit live order book, 3 min ago	8.13 bp	169.0 bp −$169	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.48 bp	11.6 bp −$12	43.1 bp −$431	164.3 bp −$16.4K	834.4 bp −$417.2K

BASED on 15 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 BASED-USDT	+0.0087%	4h	0.06781	+0.177%	$251K	$37K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06778	+0.133%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDTlong	+0.0100%	4h	0.06769	long leg	$2.1M	$582K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06765	−0.059%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06773	+0.059%	$538K	$524K	50x	as long as short
MEXC BASED_USDTshort	+0.0100%	4h	0.06777	+0.118%	$4.8M	$657K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06769	0.000%	$565K	$111K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06783	+0.207%	$1.3M	$360K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06773	+0.059%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06768	−0.012%	$92K	$22K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06726	−0.631%	$92K	$359K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06777	+0.118%	$1K	$798K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06777	+0.119%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0186%	4h	0.06779	+0.155%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0319%	4h	0.06781	+0.177%	$3K	$652	10x	as long as short