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 SunX+0.148%7-day average +0.059% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 3 days (all we have)−0.003%$0 · spread now +0.148%, 7d avg +0.059%

Together, before fees+0.030%+$3 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 0.089% dearer against SunX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BASED-USDT	0.06752	0.0100	pay 0.0050% / 4h	1h 56m	$975	$797K	20x
Short	MEXC BASED_USDT	0.06762	0.0100	get 0.0050% / 4h	1h 56m	$4.8M	$644K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against SunX. 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 SunXbpFee MEXCbpOrdersPrice spread, now +0.148%Rate

Funding earned: $0
Price spread: +0.148% → +0.059%: $8.91
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$3.09
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 15 min ago; MEXC: live order book, 6 min ago. Net counts fees only.

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 SunX live order book, 15 min ago	501.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 6 min ago	2.96 bp	12.7 bp −$13	42.3 bp −$423	195.7 bp −$19.6K	688.2 bp −$344.1K

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	+0.0086%	4h	0.06751	−0.015%	$252K	$37K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06762	+0.152%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06746	−0.089%	$2.1M	$579K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06755	+0.044%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06750	−0.030%	$537K	$518K	50x	as long as short
MEXC BASED_USDTshort	+0.0100%	4h	0.06762	+0.148%	$4.8M	$644K	50x
KuCoin BASEDUSDTM	+0.0100%	4h	0.06750	−0.030%	$563K	$110K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06756	+0.059%	$1.3M	$361K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06748	−0.059%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06742	−0.152%	$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	−0.473%	$92K	$359K	10x	as long as short
SunX BASED-USDTlong	+0.0100%	4h	0.06752	long leg	$975	$797K	20x
Extended BASED-USD	+0.0104%	1h	0.06756	+0.060%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0108%	4h	0.06753	+0.014%	$28K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0326%	4h	0.06754	+0.030%	$3K	$652	10x	as long as short