Funding arb · Price arb /

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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 0.000%

Price spread now: BingX against MEXC−0.147%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$820.824% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.055%+$6 · spread now −0.147%, 7d avg −0.058%

Together, before fees+0.064%+$6 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: BingX is 0.088% cheaper against MEXC than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BASED_USDT	0.06823	0.0100	pay 0.0050% / 4h	56m 17s	$4.9M	$585K	50x
Short	BingX BASED-USDT	0.06813	0.0100	get 0.0050% / 4h	56m 17s	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.147%Rate

Funding earned: $0
Price spread: −0.147% → −0.058%: −$8.83
Slippage, 4 orders: −$68.37
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$91.19
Costs to cover: 0.824%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; BingX: live order book, 6 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, 1 min ago	3.66 bp	12.0 bp −$12	37.4 bp −$374	160.9 bp −$16.1K	635.5 bp −$317.8K
Sell BingX live order book, 6 min ago	5.14 bp	32.4 bp −$32	95.4 bp −$954	doesn't fit	doesn't fit

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
Aster BASEDUSDT	+0.0100%	4h	0.06814	−0.134%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06823	+0.002%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06806	−0.249%	$2.1M	$683K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06818	−0.073%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06809	−0.205%	$534K	$577K	50x	as long as short
MEXC BASED_USDTlong	+0.0100%	4h	0.06823	long leg	$4.9M	$585K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06807	−0.235%	$568K	$72K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06831	+0.117%	$1.3M	$366K	25x	as long as short
BingX BASED-USDTshort	+0.0100%	4h	0.06813	−0.147%	—	$1.7M	—
Variational Omni BASED	+0.0100%	4h	0.06803	−0.299%	$94K	$15K	—	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	0.06819	−0.064%	$94K	$380K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06813	−0.147%	$1K	$886K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06823	−0.001%	$1K	$197K	5x	as long as short
BloFin BASED-USDT	+0.0137%	4h	0.06818	−0.073%	$260K	$47K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0237%	4h	0.06818	−0.073%	$3K	$664	10x	as long as short