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: Bybit against MEXC+0.189%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$251as in the Funding arb table
Net, price: spread back to 7d avg − costs−$239as in the Price arb table
costs, in and out, $10k−$2542.537% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.029%+$3 on $10k
Price spread, last 4 days (all we have)−0.248%−$25 · spread now +0.189%, 7d avg +0.047%
Together, before fees−0.219%−$22 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: Bybit is 0.143% dearer against MEXC than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC C98_USDT0.016370.0100pay 0.0100% / 8h1h 59m$283K$108K100x
ShortBybit C98USDT0.016400.0100get 0.0100% / 8h1h 59m$870K$296K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: +0.189% → +0.047%
$14.26
Slippage, 4 orders
−$238.65
Fee MEXC: 2 bp × 2 orders
−$4
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$239.39
Costs to cover
2.537%
Break-even
never at this rate
Slippage from MEXC: live order book, 30 min ago; Bybit: live order book, 45 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, 30 min ago3.10 bp16.4 bp −$1690.4 bp −$904299.2 bp −$29.9K604.8 bp −$302.4K
Sell Bybit live order book, 45 min ago15.34 bp118.6 bp −$119doesn't fitdoesn't fitdoesn't fit

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−0.0024%1h0.01642+0.312%$15K$4K10xas long as short
Binance C98USDT+0.0100%8h0.01640+0.183%$1.4M$2.0M50xas long as short
Bybit C98USDTshort+0.0100%8h0.01640+0.189%$870K$296K25x
Gate C98_USDT+0.0100%8h0.01635−0.122%$110K$50K25xas long as short
MEXC C98_USDTlong+0.0100%8h0.01637long leg$283K$108K100x
KuCoin C98USDTM+0.0100%8h0.01642+0.305%$199K$38K20xas long as short
Bitget C98USDT+0.0100%8h0.01640+0.183%$192K$348K50xas long as short
Variational Omni C98+0.0100%8h0.01639+0.104%$8K$202as long as short
BloFin C98-USDT+0.0105%8h0.01639+0.122%$130K$14K50xas long as short