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

C98

all C98 markets
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: MEXC against Binance−0.084%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$990.995% 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)+0.111%+$11 · spread now −0.084%, 7d avg −0.015%
Together, before fees+0.110%+$11 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 0.069% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance C98USDT0.016210.0100pay 0.0100% / 8h2h 37m$1.4M$2.1M50x
ShortMEXC C98_USDT0.016200.0100get 0.0100% / 8h2h 37m$280K$105K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Binance. 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: −0.084% → −0.015%
−$6.86
Slippage, 4 orders
−$85.46
Fee Binance: 5 bp × 2 orders
−$10
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$106.32
Costs to cover
0.995%
Break-even
never at this rate
Slippage from Binance: live order book, 12 min ago; MEXC: live order book, 57 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 Binance live order book, 12 min ago6.11 bp35.3 bp −$35294.3 bp −$2,943doesn't fitdoesn't fit
Sell MEXC live order book, 57 min ago3.07 bp11.3 bp −$1163.7 bp −$637282.3 bp −$28.2K614.7 bp −$307.4K

C98 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
Kraken Futures PF_C98USD−0.0025%1h0.01613−0.496%$17K$2K10xas long as short
BloFin C98-USDT+0.0084%8h0.01620−0.084%$131K$18K50xas long as short
Binance C98USDTlong+0.0100%8h0.01621long leg$1.4M$2.1M50x
Bybit C98USDT+0.0100%8h0.01621−0.053%$860K$331K25xas long as short
Gate C98_USDT+0.0100%8h0.01626+0.286%$105K$47K25xas long as short
MEXC C98_USDTshort+0.0100%8h0.01620−0.084%$280K$105K100x
KuCoin C98USDTM+0.0100%8h0.01623+0.101%$196K$39K20xas long as short
Bitget C98USDT+0.0100%8h0.01621−0.022%$190K$352K50xas long as short
Variational Omni C98+0.0100%8h0.01622+0.055%$8K$202as long as short