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: Bitget against MEXC+0.089%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$800.795% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 7 days+0.116%+$12 · spread now +0.089%, 7d avg +0.042%

Together, before fees+0.095%+$9 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 0.047% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BASED_USDT	0.06750	0.0100	pay 0.0050% / 4h	1h 57m	$4.8M	$644K	50x
Short	Bitget BASEDUSDT	0.06756	0.0100	get 0.0050% / 4h	1h 57m	$1.3M	$361K	25x

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

Position, each leg$Hold fordaysFee MEXCbpFee BitgetbpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → +0.042%: $4.7
Slippage, 4 orders: −$63.55
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$74.85
Costs to cover: 0.795%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Bitget: 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 MEXC live order book, 5 min ago	2.96 bp	13.6 bp −$14	46.6 bp −$466	197.7 bp −$19.8K	711.5 bp −$355.7K
Sell Bitget live order book, 4 min ago	5.18 bp	22.8 bp −$23	82.6 bp −$826	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
BloFin BASED-USDT	+0.0055%	4h	0.06752	+0.030%	$252K	$37K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06750	+0.001%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06740	−0.148%	$2.1M	$579K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06743	−0.104%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06751	+0.015%	$536K	$517K	50x	as long as short
MEXC BASED_USDTlong	+0.0100%	4h	0.06750	long leg	$4.8M	$644K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06749	−0.015%	$563K	$110K	20x	as long as short
Bitget BASEDUSDTshort	+0.0100%	4h	0.06756	+0.089%	$1.3M	$361K	25x
BingX BASED-USDT	+0.0100%	4h	0.06746	−0.059%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06742	−0.122%	$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	0.06720	−0.443%	$92K	$359K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06747	−0.044%	$1K	$797K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06750	−0.001%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0114%	4h	0.06750	+0.003%	$28K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0325%	4h	0.06750	0.000%	$3K	$652	10x	as long as short