Funding arb · Price arb /

C

all C markets

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: Binance against MEXC+0.017%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$920.920% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.017%, 7d avg −0.004%

Together, before fees−0.063%−$6 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 0.021% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC C_USDT	0.08027	0.0100	pay 0.0050% / 4h	29m 24s	$214K	$199K	50x
Short	Binance CUSDT	0.08028	0.0100	get 0.0050% / 4h	29m 24s	$6.6M	$11.7M	50x

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

Position, each leg$Hold fordaysFee MEXCbpFee BinancebpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → −0.004%: $2.14
Slippage, 4 orders: −$78.04
Fee MEXC: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$89.89
Costs to cover: 0.920%
Break-even: never at this rate

Slippage from MEXC: live order book, 10 min ago; Binance: live order book, 11 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, 10 min ago	1.87 bp	12.2 bp −$12	70.7 bp −$707	257.1 bp −$25.7K	doesn't fit
Sell Binance live order book, 11 min ago	2.50 bp	32.6 bp −$33	159.7 bp −$1,597	doesn't fit	doesn't fit

C on 9 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
Aster CUSDT	+0.0100%	4h	0.08036	+0.109%	$32K	$104K	5x	as long as short
Binance CUSDTshort	+0.0100%	4h	0.08028	+0.017%	$6.6M	$11.7M	50x
MEXC C_USDTlong	+0.0100%	4h	0.08027	long leg	$214K	$199K	50x
KuCoin CUSDTM	+0.0100%	4h	0.08028	+0.012%	$646K	$139K	25x	as long as short
Bitget CUSDT	+0.0100%	4h	0.08022	−0.062%	$448K	$1.0M	20x	as long as short
Variational Omni C	+0.0100%	4h	0.08049	+0.275%	$620	$10K	—	as long as short
Gate C_USDT	+0.0760%	4h	0.08049	+0.274%	$328K	$484K	20x	as long as short
Bybit CUSDT	+0.1056%	4h	0.08032	+0.062%	$1.2M	$1.7M	13x	as long as short
BingX C-USDT	+0.1070%	4h	0.08042	+0.187%	—	$2.4M	—	as long as short