Settings8H · net · $10k
Funding arb · Price arb /

BIRB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against MEXC−0.015%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$910.912% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.015%, 7d avg +0.009%
Together, before fees+0.074%+$7 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: Binance is 0.024% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.009%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC BIRB_USDT0.067980.0100pay 0.0050% / 4h3h 59m$137K$102K50x
ShortBinance BIRBUSDT0.067970.0100get 0.0050% / 4h3h 59m$1.2M$1.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$0
Price spread: −0.015% → +0.009%
−$2.41
Slippage, 4 orders
−$77.22
Fee MEXC: 2 bp × 2 orders
−$4
Fee Binance: 5 bp × 2 orders
−$10
Net
−$93.63
Costs to cover
0.912%
Break-even
never at this rate
Slippage from MEXC: live order book, 10 min ago; Binance: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 10 min ago2.94 bp14.0 bp −$1457.5 bp −$575257.2 bp −$25.7K596.0 bp −$298.0K
Sell Binance live order book, 4 min ago3.68 bp34.2 bp −$34148.4 bp −$1,484doesn't fitdoesn't fit

BIRB on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BIRBUSDT+0.0100%4h0.06789−0.131%$15K$16K5xas long as short
Binance BIRBUSDTshort+0.0100%4h0.06797−0.015%$1.2M$1.8M50x
Gate BIRB_USDT+0.0100%4h0.06785−0.191%$49K$71K20xas long as short
MEXC BIRB_USDTlong+0.0100%4h0.06798long leg$137K$102K50x
KuCoin BIRBUSDTM+0.0100%4h0.06801+0.044%$82K$36K20xas long as short
Bitget BIRBUSDT+0.0100%4h0.06785−0.191%$419K$124K20xas long as short
BingX BIRB-USDT+0.1788%4h0.06790−0.118%$751Kas long as short
Bybit BIRBUSDT+0.1867%4h0.06779−0.279%$642K$463K25xas long as short
BloFin BIRB-USDT+0.1897%4h0.06779−0.279%$84K$5K25xas long as short