Funding arb · Price arb /

CAP

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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 +0.078%

Price spread now: MEXC against Bybit+0.108%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$1001.001% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.409%+$41 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.108%, 7d avg −0.032%

Together, before fees+0.328%+$33 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 0.140% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CAPUSDT	0.04643	0.0100	pay 0.0050% / 4h	29m 26s	$4.5M	$4.2M	10x
Short	MEXC CAP_USDT	0.04648	0.0100	get 0.0050% / 4h	29m 26s	$531K	$232K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → −0.032%: $13.99
Slippage, 4 orders: −$81.07
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 4 bp × 2 orders: −$8
Net: −$86.08
Costs to cover: 1.001%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 20 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 Bybit live order book, 3 min ago	3.24 bp	41.2 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 20 min ago	2.18 bp	12.0 bp −$12	56.9 bp −$569	255.3 bp −$25.5K	825.0 bp −$412.5K

CAP on 14 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
KuCoin CAPUSDTM	−0.0220%	4h	0.04647	+0.086%	$4.4M	$1.4M	10x	as long as short
gTrade (Gains Network) CAP/USD	L 0.0000% / S 0.0000%	1h	0.04644	+0.022%	—	—	150x	as long as short
BingX CAP-USDT	+0.0070%	4h	0.04646	+0.065%	—	$1.6M	—	as long as short
Lighter CAP	+0.0096%	1h	0.04653	+0.207%	$19K	$2K	3x	as long as short
Aster CAPUSDT	+0.0100%	4h	0.04652	+0.192%	$26K	$67K	5x	as long as short
Binance CAPUSDT	+0.0100%	4h	0.04648	+0.100%	$8.9M	$9.0M	10x	as long as short
Bybit CAPUSDTlong	+0.0100%	4h	0.04643	long leg	$4.5M	$4.2M	10x
OKX CAP-USDT-SWAP	+0.0100%	4h	0.04645	+0.043%	$2.0M	$7.4M	10x	as long as short
Gate CAP_USDT	+0.0100%	4h	0.04648	+0.108%	$325K	$1.2M	20x	as long as short
MEXC CAP_USDTshort	+0.0100%	4h	0.04648	+0.108%	$531K	$232K	20x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CAPUSDT	+0.0100%	4h	0.04646	+0.065%	$1.0M	$602K	10x	as long as short
Variational Omni CAP	+0.0100%	4h	0.04641	−0.039%	$8K	$8K	—	as long as short
Orderly PERP_CAP_USDC_mythos	+0.0100%	4h	0.04646	+0.062%	$4K	$1K	10x	as long as short
BloFin CAP-USDT	+0.0100%	4h	0.04646	+0.065%	$372K	$60K	10x	as long as short