Funding arb · Price arb /

CARV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: MEXC against Binance+0.044%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1181.181% of the position

Long on Binance Short on MEXC

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)−0.023%−$2 · spread now +0.044%, 7d avg −0.010%

Together, before fees−0.026%−$3 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 0.054% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CARVUSDT	0.04554	0.0100	pay 0.0050% / 4h	3h 57m	$1.6M	$14.2M	50x
Short	MEXC CARV_USDT	0.04556	0.0100	get 0.0050% / 4h	3h 57m	$201K	$286K	20x

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

Position, each leg$Hold fordaysFee BinancebpFee MEXCbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → −0.010%: $5.39
Slippage, 4 orders: −$104.09
Fee Binance: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$112.7
Costs to cover: 1.181%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; MEXC: live order book, 13 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 Binance live order book, 13 min ago	5.48 bp	37.4 bp −$37	203.5 bp −$2,035	doesn't fit	doesn't fit
Sell MEXC live order book, 13 min ago	5.46 bp	20.9 bp −$21	91.0 bp −$910	241.8 bp −$24.2K	doesn't fit

CARV on 8 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
Variational Omni CARV	+0.0049%	4h	0.04539	−0.332%	$480	$2K	—	as long as short
Binance CARVUSDTlong	+0.0100%	4h	0.04554	long leg	$1.6M	$14.2M	50x
Bybit CARVUSDT	+0.0100%	4h	0.04545	−0.198%	$1.2M	$3.4M	20x	as long as short
Gate CARV_USDT	+0.0100%	4h	0.04548	−0.132%	$130K	$180K	20x	as long as short
MEXC CARV_USDTshort	+0.0100%	4h	0.04556	+0.044%	$201K	$286K	20x
KuCoin CARVUSDTM	+0.0100%	4h	0.04551	−0.066%	$174K	$46K	20x	as long as short
Bitget CARVUSDT	+0.0100%	4h	0.04556	+0.044%	$770K	$1.2M	25x	as long as short
BingX CARV-USDT	+0.0800%	4h	0.04556	+0.044%	—	$1.4M	—	as long as short