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: Bybit against MEXC−0.174%7-day average −0.142% · you buy dearer than you sell

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1761.760% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.038%−$4 · spread now −0.174%, 7d avg −0.142%

Together, before fees−0.082%−$8 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 0.032% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.142%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC BASED_USDT	0.06883	0.0100	pay 0.0050% / 4h	1h 22m	$4.9M	$612K	50x
Short	Bybit BASEDUSDT	0.06871	0.0100	get 0.0050% / 4h	1h 22m	$2.1M	$681K	25x

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 −0.174%Rate

Funding earned: $0
Price spread: −0.174% → −0.142%: −$3.21
Slippage, 4 orders: −$161.02
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$179.23
Costs to cover: 1.760%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Bybit: 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	2.92 bp	12.5 bp −$13	48.1 bp −$481	161.9 bp −$16.2K	761.1 bp −$380.5K
Sell Bybit live order book, 4 min ago	8.78 bp	78.1 bp −$78	975.3 bp −$9,753	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
Binance BASEDUSDT	+0.0100%	4h	0.06883	−0.004%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDTshort	+0.0100%	4h	0.06871	−0.174%	$2.1M	$681K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06879	−0.058%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06872	−0.160%	$538K	$583K	50x	as long as short
MEXC BASED_USDTlong	+0.0100%	4h	0.06883	long leg	$4.9M	$612K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06868	−0.218%	$569K	$74K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06883	0.000%	$1.3M	$371K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06882	−0.015%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06836	−0.689%	$94K	$15K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06830	−0.770%	$96K	$369K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06871	−0.174%	$2K	$882K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06881	−0.032%	$1K	$199K	5x	as long as short
Aster BASEDUSDT	+0.0106%	4h	0.06870	−0.190%	$29K	$6K	5x	as long as short
BloFin BASED-USDT	+0.0119%	4h	0.06867	−0.232%	$261K	$47K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0228%	4h	0.06865	−0.262%	$3K	$664	10x	as long as short