Funding arb · Price arb /

BIGTIME

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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: MEXC against Bybit+0.060%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$1000.997% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.195%−$19 · spread now +0.060%, 7d avg −0.046%

Together, before fees−0.200%−$20 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 0.107% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BIGTIMEUSDT	0.008271	0.0100	pay 0.0050% / 4h	27m 03s	$673K	$633K	25x
Short	MEXC BIGTIME_USDT	0.008276	0.0100	get 0.0050% / 4h	27m 03s	$457K	$184K	125x

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 +0.060%Rate

Funding earned: $0
Price spread: +0.060% → −0.046%: $10.66
Slippage, 4 orders: −$84.72
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$89.06
Costs to cover: 0.997%
Break-even: never at this rate

Slippage from Bybit: live order book, 23 min ago; MEXC: live order book, 19 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, 23 min ago	1.82 bp	37.9 bp −$38	217.3 bp −$2,173	doesn't fit	doesn't fit
Sell MEXC live order book, 19 min ago	3.03 bp	11.9 bp −$12	48.3 bp −$483	73.7 bp −$7,372	128.9 bp −$64.5K

BIGTIME on 12 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 BIGTIME-USDT	+0.0048%	4h	0.008278	+0.085%	$92K	$10K	50x	as long as short
Hyperliquid BIGTIME	+0.0100%	1h	0.008274	+0.036%	$126K	$98K	3x	as long as short
Binance BIGTIMEUSDT	+0.0100%	4h	0.008274	+0.036%	$1.8M	$2.3M	50x	as long as short
Bybit BIGTIMEUSDTlong	+0.0100%	4h	0.008271	long leg	$673K	$633K	25x
OKX BIGTIME-USDT-SWAP	+0.0100%	4h	0.008271	0.000%	$436K	$381K	10x	as long as short
Gate BIGTIME_USDT	+0.0100%	4h	0.008271	0.000%	$61K	$33K	50x	as long as short
MEXC BIGTIME_USDTshort	+0.0100%	4h	0.008276	+0.060%	$457K	$184K	125x
KuCoin BIGTIMEUSDTM	+0.0100%	4h	0.008271	0.000%	$241K	$28K	20x	as long as short
Bitget BIGTIMEUSDT	+0.0100%	4h	0.008283	+0.145%	$581K	$238K	50x	as long as short
BingX BIGTIME-USDT	+0.0100%	4h	0.008276	+0.060%	—	$2.3M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BIGTIME	+0.0100%	4h	0.008282	+0.128%	$10K	$1K	—	as long as short
Kraken Futures PF_BIGTIMEUSD	+0.4877%	1h	0.008343	+0.876%	$8K	$6K	10x	as long as short