Funding arb · Price arb /

BTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.009%

Price spread now: MEXC against StandX+0.044%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$150.155% of the position

Long on StandX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days−0.032%−$3 · spread now +0.044%, 7d avg +0.004%

Together, before fees−0.069%+ Points / potential airdropStandX: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.040% dearer against StandX than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of +0.004%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	StandX BTC-USD	86,546	0.0100	pay 0.0013% / 1h	0m 45s	$30.7M	$207.6M	40x
Short	MEXC BTC_USDT	86,583.9	0.0076	get 0.0076% / 8h	0m 45s	$5.16B	$5.70B	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against StandX. 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 StandXbpFee MEXCbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$5.04
Price spread: +0.044% → +0.004%: $3.99
Slippage, 4 orders: −$3.47
Fee StandX: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$16.52
Costs to cover: 0.155%
Break-even: never at this rate

Slippage from StandX: live order book, 3 min ago; MEXC: live order book, 3 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 StandX live order book, 3 min ago	1.10 bp	5.6 bp −$6	6.9 bp −$69	8.5 bp −$849	9.8 bp −$4,907
Sell MEXC live order book, 3 min ago	0.01 bp	2.0 bp −$2	2.0 bp −$20	2.1 bp −$210	2.6 bp −$1,281

BTC on 56 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
Phoenix BTC	−0.0118%	1h	86,570	+0.028%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,554	+0.009%	$9K	$3K	50x	as long as short
Injective BTC/USDC PERP	−0.0035%	1h	86,652	+0.122%	$333K	$26.9M	52x	as long as short
RISEx BTC/USDC	−0.0024%	1h	86,579.5	+0.039%	$8.3M	$42.8M	25x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	86,577.9	+0.037%	$360K	$2.4M	50x	as long as short
Perpl BTC	0.0000%	43m	86,582.1	+0.042%	$411K	$22.4M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,619	+0.084%	$37.0M	—	200x	as long as short
Aster BTCUSDT	+0.0015%	8h	86,600.9	+0.063%	$502.3M	$1.15B	200x	as long as short
KuCoin XBTUSDTM	+0.0026%	8h	86,610.4	+0.074%	$835.3M	$728.6M	125x	as long as short
Reya BTCRUSDPERP	+0.0038%	1h	86,585	+0.045%	$6.7M	$145.5M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDT	+0.0045%	8h	86,586.9	+0.047%	—	$1.59B	—	as long as short
Phemex BTCUSDT	+0.0055%	8h	86,625.6	+0.092%	$152.2M	$478.9M	150x	as long as short
Bitget BTCUSDT	+0.0057%	8h	86,599.6	+0.062%	$2.97B	$5.12B	150x	as long as short
dYdX BTC-USD	+0.0062%	1h	86,559.6	+0.016%	$17.0M	$21.2M	50x	as long as short
MEXC BTC_USDTshort	+0.0076%	8h	86,583.9	+0.044%	$5.16B	$5.70B	500x
Binance BTCUSDT	+0.0076%	8h	86,596.9	+0.059%	$9.45B	$24.55B	150x	as long as short
Aevo BTC-PERP	+0.0080%	1h	86,607.5	+0.071%	$2.5M	$1.4M	20x	as long as short
Gate BTC_USDT	+0.0082%	8h	86,589.4	+0.050%	$5.88B	$10.83B	200x	as long as short
Lighter BTC	+0.0096%	1h	86,611.4	+0.076%	$170.1M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,610.8	+0.075%	$23.8M	$153.3M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,565	+0.022%	$8.5M	$52.3M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,547	+0.001%	$196K	$7.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,608.3	+0.072%	$4.8M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,566.7	+0.024%	$21.8M	$234.0M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,662	+0.134%	$3.80B	$5.10B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,597.7	+0.060%	$41.1M	$538.1M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	86,583.8	+0.044%	$5.27B	$9.80B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,598	+0.060%	$2.55B	$12.75B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,568	+0.025%	$3.9M	$18.3M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,597.3	+0.059%	$7.0M	$96.7M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,613.6	+0.078%	$38.1M	$155.8M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,554.4	+0.010%	$157.4M	$568.6M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,559.4	+0.015%	$279.6M	$948.4M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,495.7	−0.058%	$217.1M	$171.3M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,582.7	+0.042%	$141.8M	$323.4M	100x	as long as short
StandX BTC-USDlong	+0.0100%	1h	86,546	long leg	$30.7M	$207.6M	40x
Vest BTC-PERP	+0.0100%	1h	86,619.4	+0.085%	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,588	+0.049%	$11.1M	$14.0M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,596	+0.058%	$194K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,609.1	+0.073%	$2.5M	$9.3M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,646.5	+0.116%	$141K	$663K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,645.4	+0.115%	$30.5M	$62.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,553.5	+0.009%	$3.4M	$5.3M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,618	+0.083%	$60.6M	$338.1M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,606.6	+0.070%	$2.30B	$968.8M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,452.9	−0.108%	$572.2M	$12.3M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	86,569	+0.027%	$45.8M	$225.2M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,580	+0.039%	—	$100.0M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0110%	1h	86,657.9	+0.129%	$193.7M	$953.0M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,666.5	+0.139%	$132.2M	$5.64B	50x	as long as short
Aftermath Perps BTCUSD	+0.0163%	1h	86,554.3	+0.010%	$78K	$219K	20x	as long as short
Hibachi BTC/USDT-P	+0.0176%	1h	86,586.7	+0.047%	$717K	$8.1M	30x	as long as short
BloFin BTC-USDT	+0.0196%	8h	86,600	+0.062%	$415.5M	$660.3M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0201% / S −0.0226%	1h	86,609.8	+0.074%	$15.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0210%	8h	86,599	+0.061%	$10.4M	$755.6M	6.4x	as long as short
Deribit BTC-PERPETUAL	+0.0242%	1h	86,666.7	+0.139%	$912.1M	$1.49B	50x	as long as short